Housing costs in Frankford?
A typical home costs
$456,100, which is 34.9% more expensive than the national average of
$338,100 and 5.6% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Frankford costs
$1,700 per month, which is 18.9% more than the national average of
$1,430 and close to the state average of
$1,710.
Can I afford Frankford?
To live comfortably in Frankford, New Jersey, a minimum annual income of
$87,480 for a family, and
$56,800 for a single person is recommended.
What does A.I. say about Frankford?
The cost of living in Frankford, NJ is relatively low compared to other parts of the state. The median household income is about $59,000 per year which is slightly lower than the state and national averages. The cost of housing is especially attractive for prospective residents as the median home value in Frankford is around $180,000 - far lower than the national average. Additionally, groceries, healthcare, transportation and other costs of daily life are all considerably cheaper when compared to many other areas of New Jersey. All in all, living in Frankford can be a great way to enjoy a more affordable lifestyle while still being close to major cities like Philadelphia.