Housing costs in Dumont?
A typical home costs
$498,800, which is 47.5% more expensive than the national average of
$338,100 and 15.4% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Dumont costs
$1,710 per month, which is 19.6% more than the national average of
$1,430 and close to the state average of
$1,710.
Can I afford Dumont?
To live comfortably in Dumont, New Jersey, a minimum annual income of
$95,400 for a family, and
$58,800 for a single person is recommended.
What does A.I. say about Dumont?
The cost of living in Dumont, NJ is higher than the national average but still relatively affordable. The median home value comes in at around $440,500 and the median household income is slightly over $82,000. The average rent for a two-bedroom apartment is around $1,800 per month. Groceries are also slightly more expensive in this area with the overall cost of living index being 132.2, which is more than 32 points higher than the national average. Despite the higher costs of living, there are many amenities that make it worth it to live in Dumont such as its proximity to New York City and its vibrant culture and nightlife.