Housing costs in Folsom?
A typical home costs
$227,000, which is 32.9% less expensive than the national average of
$338,100 and 47.5% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Folsom costs
$1,500 per month, which is 4.9% more than the national average of
$1,430 and 14.0% cheaper than the state average of
$1,710.
Can I afford Folsom?
To live comfortably in Folsom, New Jersey, a minimum annual income of
$43,560 for a family, and
$48,800 for a single person is recommended.
What does A.I. say about Folsom?
Folsom, NJ is an affordable place to live with a cost of living that is 14% lower than the national average. The median home price in Folsom is $207,000, which is much lower than other areas of New Jersey. Additionally, the overall cost of groceries and other goods is also relatively low compared to many other places in the state. Transportation costs are also generally lower than in other parts of New Jersey due to the convenient access to public transportation options like buses and trains. All these factors make Folsom an attractive option for those looking for a more cost-effective place to live.