Housing costs in Stockholm?
A typical home costs
$322,800, which is 4.5% less expensive than the national average of
$338,100 and 25.3% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Stockholm costs
$2,370 per month, which is 65.7% more than the national average of
$1,430 and 27.8% more than the state average of
$1,710.
Can I afford Stockholm?
To live comfortably in Stockholm (zip 07460), New Jersey, a minimum annual income of
$61,920 for a family, and
$79,200 for a single person is recommended.
What does A.I. say about Stockholm?
The cost of living in 07460 Stockholm, NJ is quite high. According to the Cost of Living Index, it has an index score of 152.3, which is considerably higher than the U.S. average of 100. Housing prices are especially expensive, with the median home value estimated at over $268,000 and rent costing about $1,400 for a one-bedroom apartment. Prices for groceries and other necessities are also above average due to a lack of competition from big box stores and chains in the area. Overall, while 07460 Stockholm may be a great place to live and work, its high cost of living can make it hard to afford for many people.