Housing costs in Sussex?
A typical home costs
$344,800, which is 2.0% more expensive than the national average of
$338,100 and 20.2% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Sussex costs
$1,550 per month, which is 8.4% more than the national average of
$1,430 and 10.3% cheaper than the state average of
$1,710.
Can I afford Sussex?
To live comfortably in Sussex, New Jersey, a minimum annual income of
$66,240 for a family, and
$51,600 for a single person is recommended.
What does A.I. say about Sussex?
The cost of living in Sussex, NJ is relatively reasonable compared to other parts of the state. The median home value is around $250,000, making it a relatively affordable place to live. The median household income is around $61,000, which is slightly lower than the national average. Prices for electricity and gas are higher than some other nearby towns, but are still lower than the national average. Taxes on property and income are slightly above average for the region, but overall residents enjoy a good quality of life with plenty of recreation and amenities at an affordable price-point.