Shrewsbury borough, NJ Cost of Living


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Shrewsbury borough cost of living score
129.1
More expensive
29.1% higher
than the US average
7.8% higher
than the New Jersey average
Shrewsbury borough, New Jersey gets a BestPlaces Cost of Living score of 129.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 29.1% higher than the U.S. average and 7.8% lower than the average for New Jersey.

Shrewsbury borough, NJ

Housing costs in Shrewsbury borough?
A typical home costs $701,400, which is 107.5% more expensive than the national average of $338,100 and 62.3% more expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Shrewsbury borough costs $2,360 per month, which is 65.0% more than the national average of $1,430 and 27.5% more than the state average of $1,710.

Can I afford Shrewsbury borough?
To live comfortably in Shrewsbury borough, New Jersey, a minimum annual income of $134,280 for a family, and $75,200 for a single person is recommended.

What does A.I. say about Shrewsbury borough?
Shrewsbury Borough is a fairly wealthy area of New Jersey. The cost of living is relatively high, but the benefits usually outweigh the costs. Housing prices in Shrewsbury Borough are among some of the highest in the state and often times can be quite expensive due to its desirable location. Groceries, transportation, and other necessities are also generally more costly than many other parts of New Jersey. Despite the higher costs associated with living in Shrewsbury Borough, it is still a highly desirable place to live due to its close proximity to major cities like Philadelphia and New York City as well as an overall low crime rate.
   Cost of living score
     CategoriesShrewsbury boroughNew JerseyUnited States
  129.1119.8100.0
  108.1105.8100
  98.396.9100.0
  221.3136.4100.0
  $701,400$432,100$338,100
  102.7%109.2%100.0%
  101.1127.7100.0
  140.4112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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