Housing costs in Bloomfield?
A typical home costs
$463,000, which is 36.9% more expensive than the national average of
$338,100 and 7.2% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Bloomfield costs
$1,750 per month, which is 22.4% more than the national average of
$1,430 and 2.3% more than the state average of
$1,710.
Can I afford Bloomfield?
To live comfortably in Bloomfield (zip 07003), New Jersey, a minimum annual income of
$88,560 for a family, and
$58,400 for a single person is recommended.
What does A.I. say about Bloomfield?
The cost of living in 07003 Bloomfield, NJ is relatively high when compared to other areas of the state. The median home value in the area is around $326,000, which is significantly higher than the national average. Additionally, the median household income in the area is just over $64,000 – also above average but still lower than other nearby towns. On average, goods and services in 07003 Bloomfield are 8% higher than the national average. Although this may seem like a lot, generally speaking, it's still an affordable place to live for people with some disposable income.