Housing costs in Hanover?
A typical home costs
$646,100, which is 91.1% more expensive than the national average of
$338,100 and 49.5% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Hanover costs
$2,330 per month, which is 62.9% more than the national average of
$1,430 and 26.6% more than the state average of
$1,710.
Can I afford Hanover?
To live comfortably in Hanover, New Jersey, a minimum annual income of
$123,840 for a family, and
$77,600 for a single person is recommended.
What does A.I. say about Hanover?
The cost of living in Hanover, NJ is higher than the national average, but is still reasonable. According to Best Places, the median home cost in Hanover is approximately $493,000 and the average rent is $1,739 per month. The cost of groceries, healthcare and transportation are also slightly higher than the national average. Despite these higher costs, Hanover offers a variety of amenities and services at an affordable price that can help make living there more manageable.