Housing costs in Cranbury township?
A typical home costs
$750,100, which is 121.9% more expensive than the national average of
$338,100 and 73.6% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Cranbury township costs
$1,680 per month, which is 17.5% more than the national average of
$1,430 and close to the state average of
$1,710.
Can I afford Cranbury township?
To live comfortably in Cranbury township, New Jersey, a minimum annual income of
$143,640 for a family, and
$52,800 for a single person is recommended.
What does A.I. say about Cranbury township?
The cost of living in Cranbury, NJ is higher than the national average. Housing costs are particularly high due to the small size of the town and limited supply of real estate, with the median home value at around $500,000. Living costs such as groceries, transportation, and utilities are also on the pricier side. However, these costs may be offset by a higher average income in Cranbury. On average, families earn more than $100,000 per year which can help to offset some of the higher living expenses.