Housing costs in Spring Lake?
A typical home costs
$1,916,400, which is 466.8% more expensive than the national average of
$338,100 and 343.5% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Spring Lake costs
$1,650 per month, which is 15.4% more than the national average of
$1,430 and 3.6% cheaper than the state average of
$1,710.
Can I afford Spring Lake?
To live comfortably in Spring Lake, New Jersey, a minimum annual income of
$367,200 for a family, and
$52,800 for a single person is recommended.
What does A.I. say about Spring Lake?
The cost of living in Spring Lake, NJ is relatively high compared to the national average. The median home value in Spring Lake is $637,800, and the median household income is $150,457. Property taxes are also higher than the national average, at 4.84%. Transportation costs are also on the higher end due to limited public transit options and a reliance on private vehicles for most trips. Despite these higher costs of living, Spring Lake offers many amenities that make it an attractive place to live including access to a variety of shopping centers, restaurants, and outdoor recreation opportunities.