Zip 08344 (Newfield, NJ) Cost of Living


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Newfield cost of living score
100.9
More expensive
0.9% higher
than the US average
15.8% lower
than the New Jersey average
Newfield (zip 08344), New Jersey gets a BestPlaces Cost of Living score of 100.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 0.9% higher than the U.S. average and 15.8% higher than the average for New Jersey.

Zip 08344 (Newfield, NJ)

Housing costs in Newfield?
A typical home costs $252,700, which is 25.3% less expensive than the national average of $338,100 and 41.5% less expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Newfield costs $1,780 per month, which is 24.5% more than the national average of $1,430 and 3.9% more than the state average of $1,710.

Can I afford Newfield?
To live comfortably in Newfield (zip 08344), New Jersey, a minimum annual income of $48,240 for a family, and $59,200 for a single person is recommended.

What does A.I. say about Newfield?
Living in 08344 Newfield, NJ is quite affordable. The median home value in the area is $181,400 which is considerably lower than the median US home value of $229,000. In addition, the median household income is slightly lower than the national average of $61,937 at $60,679. It also has a low cost of living index rating of 91.5 which means that it's 9.5% cheaper to live in Newfield than anywhere else in the country. All these factors make 08344 Newfield, NJ a great option for those looking for an affordable place to live.
   Cost of living score
     CategoriesNewfieldNew JerseyUnited States
  100.9119.8100.0
  102.5105.8100
  93.596.9100.0
  70.7136.4100.0
  $252,700$432,100$338,100
  110.8%109.2%100.0%
  115.7127.7100.0
  102.7112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime