Housing costs in Franklin township (Somerset County)?
A typical home costs
$438,300, which is 29.6% more expensive than the national average of
$338,100 and 1.4% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Franklin township (Somerset County) costs
$2,160 per month, which is 51.0% more than the national average of
$1,430 and 20.8% more than the state average of
$1,710.
Can I afford Franklin township (Somerset County)?
To live comfortably in Franklin township (Somerset County), New Jersey, a minimum annual income of
$83,880 for a family, and
$68,000 for a single person is recommended.
What does A.I. say about Franklin township (Somerset County)?
Franklin township (Somerset County), NJ is situated about 45 miles northwest of New York City in central Jersey and provides homebuyers with excellent value for money when it comes to real estate purchases. Prices sit well below statewide averages at around $320k while monthly rent averages out at roughly $1,250 - making it one of the most attractive locations in terms of cost of living versus average wages earned by township residents. Grocery stores are also plentiful so stocking up on basics is made easier at competitive rates compared to many other areas nearby.