Housing costs in Fanwood?
A typical home costs
$563,400, which is 66.6% more expensive than the national average of
$338,100 and 30.4% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Fanwood costs
$2,430 per month, which is 69.9% more than the national average of
$1,430 and 29.6% more than the state average of
$1,710.
Can I afford Fanwood?
To live comfortably in Fanwood, New Jersey, a minimum annual income of
$108,000 for a family, and
$80,800 for a single person is recommended.
What does A.I. say about Fanwood?
The cost of living in Fanwood, NJ is comparable to the rest of the country. According to Sperling's Best Places, the overall cost of living index for Fanwood is 106.2. This means that it is 6.2% higher than the national average. The most expensive areas include housing and healthcare where housing costs are 52% higher than the national average and healthcare costs are 6% higher. Groceries and utilities also carry a slightly higher cost than average with a 4% and 8% difference respectively. While there may be slightly higher costs in some areas, overall Fanwood offers a reasonable cost of living that allows people to enjoy all that this area has to offer its residents.