Commercial, NJ Cost of Living


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Commercial cost of living score
85.6
Less expensive
14.4% lower
than the US average
28.5% lower
than the New Jersey average
Commercial, New Jersey gets a BestPlaces Cost of Living score of 85.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 14.4% lower than the U.S. average and 28.5% lower than the average for New Jersey.

Commercial, NJ

Housing costs in Commercial?
A typical home costs $163,700, which is 51.6% less expensive than the national average of $338,100 and 62.1% less expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Commercial costs $1,560 per month, which is 9.1% more than the national average of $1,430 and 9.6% cheaper than the state average of $1,710.

Can I afford Commercial?
To live comfortably in Commercial, New Jersey, a minimum annual income of $31,320 for a family, and $48,400 for a single person is recommended.

What does A.I. say about Commercial?
The cost of living in Commercial, NJ is quite high compared to other parts of the country. The median home value is $164,000 which is a full 30% higher than the national average. Additionally, the median household income in Commercial is nearly 20% higher than the national average as well. This means that residents of Commercial have higher incomes and can afford more expensive housing costs. Groceries and transportation are also slightly more expensive in this town than other areas throughout the nation. All in all, living in Commercial, NJ certainly comes with a higher price tag than most places but that cost is often offset by the increased availability of jobs and amenities within easy reach.
   Cost of living score
     CategoriesCommercialNew JerseyUnited States
  85.6119.8100.0
  101.3105.8100
  97.396.9100.0
  53.9136.4100.0
  $163,700$432,100$338,100
  112.1%109.2%100.0%
  92.2127.7100.0
  96.8112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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