Broadway, NJ Cost of Living


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Broadway cost of living score
104.7
More expensive
4.7% higher
than the US average
12.6% lower
than the New Jersey average
Broadway, New Jersey gets a BestPlaces Cost of Living score of 104.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 4.7% higher than the U.S. average and 12.6% higher than the average for New Jersey.

Broadway, NJ

Housing costs in Broadway?
A typical home costs $224,500, which is 33.6% less expensive than the national average of $338,100 and 48.0% less expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Broadway costs $1,660 per month, which is 16.1% more than the national average of $1,430 and 3.0% cheaper than the state average of $1,710.

Can I afford Broadway?
To live comfortably in Broadway, New Jersey, a minimum annual income of $42,840 for a family, and $55,200 for a single person is recommended.

What does A.I. say about Broadway?
Broadway, NJ is an affordable small town with a very reasonable cost of living. The area has a relatively low housing cost which makes it attractive for those looking to buy or rent in the area. The average price for a three-bedroom home in Broadway is $144,000, while the median rent is at around $1,200 per month. The overall cost of living is 7% lower than the US average, and groceries are about 13% cheaper than the national average. Residents enjoy a good selection of restaurants and shops at varying price points that meet all budgets. With its diverse population and great amenities, Broadway has something for everyone looking to experience city life at an affordable price point.
   Cost of living score
     CategoriesBroadwayNew JerseyUnited States
  104.7119.8100.0
  104105.8100
  98.796.9100.0
  60.8136.4100.0
  $224,500$432,100$338,100
  103.6%109.2%100.0%
  110.8127.7100.0
  104.2112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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