Housing costs in Palmyra?
A typical home costs
$235,800, which is 30.3% less expensive than the national average of
$338,100 and 45.4% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Palmyra costs
$1,730 per month, which is 21.0% more than the national average of
$1,430 and close to the state average of
$1,710.
Can I afford Palmyra?
To live comfortably in Palmyra, New Jersey, a minimum annual income of
$45,360 for a family, and
$57,200 for a single person is recommended.
What does A.I. say about Palmyra?
The cost of living in Palmyra, NJ is relatively high compared to other areas of the country. The median home price in Palmyra is over $200,000 and the median rent is around $1,400 per month. Utilities, groceries, and other necessary expenses can be more expensive than average as well due to the area's proximity to Philadelphia. However, the community offers a variety of affordable housing options for those with lower incomes, as well as many amenities and attractions like nearby parks and museums. Ultimately, the cost of living in Palmyra can be balanced with all that it has to offer.