Housing costs in Mount Olive?
A typical home costs
$463,700, which is 37.1% more expensive than the national average of
$338,100 and 7.3% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Mount Olive costs
$1,640 per month, which is 14.7% more than the national average of
$1,430 and 4.3% cheaper than the state average of
$1,710.
Can I afford Mount Olive?
To live comfortably in Mount Olive, New Jersey, a minimum annual income of
$88,920 for a family, and
$54,800 for a single person is recommended.
What does A.I. say about Mount Olive?
The cost of living in Mount Olive, NJ is relatively low. The median home value is $346,400 and the median rental price is $1,589 per month. The average grocery costs are 15% lower than the national average and utilities are 13% lower than the national average. Moreover, healthcare expenses for residents in Mount Olive tend to be 20% below the national average. All these factors make the cost of living in Mount Olive more affordable compared to other places in New Jersey and around the US.