Housing costs in Teterboro?
A typical home costs
$623,600, which is 84.4% more expensive than the national average of
$338,100 and 44.3% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Teterboro costs
$2,170 per month, which is 51.7% more than the national average of
$1,430 and 21.2% more than the state average of
$1,710.
Can I afford Teterboro?
To live comfortably in Teterboro, New Jersey, a minimum annual income of
$119,520 for a family, and
$74,800 for a single person is recommended.
What does A.I. say about Teterboro?
The cost of living in Teterboro, NJ is relatively high compared to other parts of the United States. The median home value in Teterboro, NJ is around $540,000, which is significantly higher than the national average. Additionally, the median household income in Teterboro, NJ is over $90,000 annually. Although these numbers may seem high initially, they are actually a reflection of the region's high standard of living and excellent quality of life. Other expenses like groceries and utilities are also higher than average in Teterboro due to its close proximity to New York City. However, it is a great place to live for those who can afford it.