Housing costs in Vernon Valley?
A typical home costs
$355,700, which is 5.2% more expensive than the national average of
$338,100 and 17.7% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Vernon Valley costs
$1,510 per month, which is 5.6% more than the national average of
$1,430 and 13.2% cheaper than the state average of
$1,710.
Can I afford Vernon Valley?
To live comfortably in Vernon Valley (zip 07418), New Jersey, a minimum annual income of
$68,040 for a family, and
$50,400 for a single person is recommended.
What does A.I. say about Vernon Valley?
The cost of living in 07418 Vernon Valley, NJ is relatively high. Home prices in the area average around $397,000, according to Zillow, making it one of the more expensive areas to live in New Jersey. Median household income is also higher than the state average at $85,927. The area also has a higher cost of goods and services and an overall greater cost of living index rating than the national average. Other expenses such as utilities, transportation, healthcare, and taxes are all slightly higher than the national levels as well. Despite these costs, residents of Vernon Valley enjoy access to many amenities and close proximity to nearby cities such as Newark and New York City that make living in this area worthwhile.