Housing costs in Stanhope?
A typical home costs
$347,000, which is 2.6% more expensive than the national average of
$338,100 and 19.7% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Stanhope costs
$2,060 per month, which is 44.1% more than the national average of
$1,430 and 17.0% more than the state average of
$1,710.
Can I afford Stanhope?
To live comfortably in Stanhope, New Jersey, a minimum annual income of
$66,600 for a family, and
$68,800 for a single person is recommended.
What does A.I. say about Stanhope?
The cost of living in Stanhope, NJ is slightly higher than the national average. The median household income is around $75,000 and the median home value is approximately $357,000. However, there are great deals to be found if you know where to look. Groceries and restaurant meals can be found at reasonable prices, and housing in the area is moderately priced for its quality. Utility costs are also relatively low with electricity and gas rates below the national averages. Overall, Stanhope provides a good balance of affordability and quality of life.