Housing costs in East Hanover?
A typical home costs
$651,200, which is 92.6% more expensive than the national average of
$338,100 and 50.7% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in East Hanover costs
$2,440 per month, which is 70.6% more than the national average of
$1,430 and 29.9% more than the state average of
$1,710.
Can I afford East Hanover?
To live comfortably in East Hanover, New Jersey, a minimum annual income of
$124,920 for a family, and
$81,200 for a single person is recommended.
What does A.I. say about East Hanover?
The cost of living in East Hanover, NJ is fairly high compared to the national average. The median home value in this area is $543,000 which is much higher than the national median of $214,000. Renters can expect to pay on average $1750 per month for a two-bedroom apartment. In addition, utilities and groceries are more expensive here than most parts of the country. Despite these costs, East Hanover is still an attractive place to live because of its excellent schools, parks and recreational activities, as well as its close proximity to New York City and other major metropolitan areas.