Housing costs in Rockaway borough?
A typical home costs
$414,800, which is 22.7% more expensive than the national average of
$338,100 and 4.0% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Rockaway borough costs
$1,850 per month, which is 29.4% more than the national average of
$1,430 and 7.6% more than the state average of
$1,710.
Can I afford Rockaway borough?
To live comfortably in Rockaway borough, New Jersey, a minimum annual income of
$79,560 for a family, and
$61,600 for a single person is recommended.
What does A.I. say about Rockaway borough?
The cost of living in Rockaway borough, NJ is quite reasonable. The housing market is quite affordable; median home prices are around $270,000 and rental rates for a one-bedroom apartment average around $1,100 per month. Groceries and other essentials are reasonably priced as well. The sales tax rate in New Jersey is 6.625%, which makes the overall cost of living slightly higher than other areas in the US, but still more than manageable for most residents.