Housing costs in Waterford?
A typical home costs
$300,900, which is 11.0% less expensive than the national average of
$338,100 and 30.4% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Waterford costs
$1,860 per month, which is 30.1% more than the national average of
$1,430 and 8.1% more than the state average of
$1,710.
Can I afford Waterford?
To live comfortably in Waterford, New Jersey, a minimum annual income of
$57,600 for a family, and
$62,000 for a single person is recommended.
What does A.I. say about Waterford?
The cost of living in Waterford, NJ is relatively high compared to other cities in the state. The median home value is around $245,000, and the median rent is around $1,200 per month. Prices for basic amenities such as groceries, transportation, and utilities are also above average. With a low unemployment rate of 4.7%, many residents enjoy a comfortable lifestyle with an abundance of retail outlets, restaurants and entertainment options. However, due to its proximity to major nearby cities such as Philadelphia and New York City, the cost of living in Waterford can be quite expensive for those not accustomed to high costs of living.