Housing costs in Edison?
A typical home costs
$487,000, which is 44.0% more expensive than the national average of
$338,100 and 12.7% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Edison costs
$1,970 per month, which is 37.8% more than the national average of
$1,430 and 13.2% more than the state average of
$1,710.
Can I afford Edison?
To live comfortably in Edison, New Jersey, a minimum annual income of
$93,240 for a family, and
$62,400 for a single person is recommended.
What does A.I. say about Edison?
Edison, NJ offers residents a reasonable cost of living considering its proximity to New York City with median home prices around 20 percent cheaper than Manhattan yet still remaining about 3 percent higher compared with many surrounding towns creating more affordable neighborhoods overall yet still retaining easy access when needed into NYC via public transport or car. Other necessities like grocery items, utilities and health care tend to remain close to the U.S. averages making it a great location for individuals looking for that perfect balance between city convenience and suburban affordability without compromising on either end too much.