Housing costs in Groveville?
A typical home costs
$369,800, which is 9.4% more expensive than the national average of
$338,100 and 14.4% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Groveville costs
$1,490 per month, which is 4.2% more than the national average of
$1,430 and 14.8% cheaper than the state average of
$1,710.
Can I afford Groveville?
To live comfortably in Groveville, New Jersey, a minimum annual income of
$70,920 for a family, and
$45,200 for a single person is recommended.
What does A.I. say about Groveville?
The cost of living in Groveville, NJ is relatively reasonable. Although the median home value is higher than the national average, the town's housing market has remained stable over the years. Groceries and health care costs are comparable to those found throughout New Jersey, while transportation costs are slightly lower than the state average. Additionally, utilities may be slightly higher than other parts of the country but they remain affordable overall. Tax rates tend to be modest for most residents as well, making it easier to manage budgeting without too much strain on one's finances.