Housing costs in Long Branch?
A typical home costs
$641,700, which is 89.8% more expensive than the national average of
$338,100 and 48.5% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Long Branch costs
$1,680 per month, which is 17.5% more than the national average of
$1,430 and close to the state average of
$1,710.
Can I afford Long Branch?
To live comfortably in Long Branch, New Jersey, a minimum annual income of
$123,120 for a family, and
$53,600 for a single person is recommended.
What does A.I. say about Long Branch?
The cost of living in Long Branch, NJ is relatively high compared to the national average; however, wages tend to be higher as well. The median home value in Long Branch is $289,400, which is more than double the US median home value of $184,700. The average rent for a one bedroom apartment in Long Branch runs around $1,430 per month; two bedrooms will run around $1,705. The overall cost of living index for Long Branch is 124.7 which indicates that it costs 24.7% more than the U.S. average to live there. While this may seem high, incomes tend to be significantly higher in Long Branch as well making the cost of living manageable for most residents.