Housing costs in Oakland?
A typical home costs
$584,300, which is 72.8% more expensive than the national average of
$338,100 and 35.2% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Oakland costs
$2,130 per month, which is 49.0% more than the national average of
$1,430 and 19.7% more than the state average of
$1,710.
Can I afford Oakland?
To live comfortably in Oakland, New Jersey, a minimum annual income of
$111,960 for a family, and
$73,600 for a single person is recommended.
What does A.I. say about Oakland?
The cost of living in Oakland, NJ is relatively low compared to other areas of the country. The median home value is just under $300,000 which allows for more affordable housing options than most other cities. Monthly rent prices range from around $1,200 for a one-bedroom apartment to $2,800 for a four-bedroom house. The average electricity and gas bill in Oakland is around $180 per month. Additionally, food costs are also quite reasonable with grocery store prices ranging between $30 and $50 a week depending on the items purchased. With its low cost of living and close proximity to New York City, Oakland is an attractive place to live for those looking for an affordable lifestyle.