Housing costs in Edison?
A typical home costs
$433,800, which is 28.3% more expensive than the national average of
$338,100 and 0.4% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Edison costs
$1,770 per month, which is 23.8% more than the national average of
$1,430 and 3.4% more than the state average of
$1,710.
Can I afford Edison?
To live comfortably in Edison (zip 08837), New Jersey, a minimum annual income of
$83,160 for a family, and
$56,000 for a single person is recommended.
What does A.I. say about Edison?
The cost of living in 08837 Edison, NJ is relatively high. In fact, according to the United States Census Bureau, the median household income in this zip code is $92,713, more than twice the national average. The median home value also stands at $360,600 and requires an average mortgage payment of roughly $2,883 each month. Renters can expect to pay around $1,527 for a one-bedroom apartment in the area. Groceries are relatively expensive too with a gallon of milk costing around $3.68 and a pound of chicken breasts selling for approximately $6.11. Overall, 08837 Edison’s residents can expect to pay more than the national average for necessary goods and services but they can enjoy easy access to major cities like New York City and Philadelphia as well as plenty of recreational activities in the area.