Housing costs in Berkeley?
A typical home costs
$350,600, which is 3.7% more expensive than the national average of
$338,100 and 18.9% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Berkeley costs
$1,670 per month, which is 16.8% more than the national average of
$1,430 and 2.4% cheaper than the state average of
$1,710.
Can I afford Berkeley?
To live comfortably in Berkeley, New Jersey, a minimum annual income of
$67,320 for a family, and
$53,200 for a single person is recommended.
What does A.I. say about Berkeley?
The cost of living in Berkeley, NJ is quite high compared to the national average. The median home value in Berkeley is around $220,000, which is significantly higher than the national median price. Rent prices in Berkeley are also well above the national average; a one-bedroom apartment can start at about $1,250 per month. The cost of food and other essentials also tends to be high here. However, there are plenty of job opportunities that make living in Berkeley more affordable for those who can find work.