Housing costs in Long Valley?
A typical home costs
$586,400, which is 73.4% more expensive than the national average of
$338,100 and 35.7% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Long Valley costs
$2,370 per month, which is 65.7% more than the national average of
$1,430 and 27.8% more than the state average of
$1,710.
Can I afford Long Valley?
To live comfortably in Long Valley, New Jersey, a minimum annual income of
$112,320 for a family, and
$79,200 for a single person is recommended.
What does A.I. say about Long Valley?
The cost of living in Long Valley, NJ is generally higher than the national average. This is due to the close proximity to New York City and the surrounding metropolitan area, which raises living costs in a variety of areas such as housing, food, transportation, and entertainment. The median home price in Long Valley is around $479,000, with rental costs averaging around $2,200 per month for a two-bedroom apartment. Groceries and other necessities are slightly more expensive here compared to other parts of the country. And although there are plenty of entertainment options around town such as restaurants and theaters, these activities can be pricey. All things considered, Long Valley has an expensive cost of living but also offers plenty of amenities that make it well worth it.