Housing costs in Kinnelon?
A typical home costs
$686,800, which is 103.1% more expensive than the national average of
$338,100 and 58.9% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Kinnelon costs
$1,750 per month, which is 22.4% more than the national average of
$1,430 and 2.3% more than the state average of
$1,710.
Can I afford Kinnelon?
To live comfortably in Kinnelon, New Jersey, a minimum annual income of
$131,760 for a family, and
$58,400 for a single person is recommended.
What does A.I. say about Kinnelon?
Kinnelon, NJ is known for its high quality of life and is an excellent place to live. The cost of living in Kinnelon is significantly higher than the national average. Housing prices are especially expensive, with median home values being around $450,000 dollars and monthly rent costs reaching as high as $2,500 dollars a month for a one-bedroom apartment. Fortunately, property taxes are relatively low compared to other parts of the state, helping to offset some of the cost of living in Kinnelon. Additionally, there is no sales tax in New Jersey which helps residents save on unnecessary purchases. Overall, while living in Kinnelon may be more expensive than other places throughout the country, it still offers an incredible standard of living and a wealth of amenities that make it worth the extra cost.