Housing costs in Raritan?
A typical home costs
$420,000, which is 24.2% more expensive than the national average of
$338,100 and 2.8% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Raritan costs
$2,070 per month, which is 21.1% more than the national average of
$1,710 and 4.8% cheaper than the state average of
$2,170.
Can I afford Raritan?
To live comfortably in Raritan (zip 08869), New Jersey, a minimum annual income of
$80,640 for a family, and
$65,600 for a single person is recommended.
What does A.I. say about Raritan?
The cost of living in 08869 Raritan, NJ is relatively high compared with other parts of the state. According to a 2018 estimate from the US Census Bureau, the median home value in Raritan was $257,900, and the median gross rent was $1,348 per month. The overall price index in this area is 135.3, which is 35.3% higher than the national average. Popular amenities such as groceries and health care are also more expensive in this area. This could be due to its proximity to larger cities like New York and Philadelphia, which have higher costs of living than smaller towns.