Laurel Springs, NJ Cost of Living


0 Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.

Laurel Springs cost of living score
94.2
Less expensive
5.8% lower
than the US average
21.4% lower
than the New Jersey average
Laurel Springs, New Jersey gets a BestPlaces Cost of Living score of 94.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 5.8% lower than the U.S. average and 21.4% lower than the average for New Jersey.

Laurel Springs, NJ

Housing costs in Laurel Springs?
A typical home costs $269,000, which is 20.4% less expensive than the national average of $338,100 and 37.7% less expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Laurel Springs costs $1,540 per month, which is 7.7% more than the national average of $1,430 and 11.0% cheaper than the state average of $1,710.

Can I afford Laurel Springs?
To live comfortably in Laurel Springs, New Jersey, a minimum annual income of $51,480 for a family, and $50,800 for a single person is recommended.

What does A.I. say about Laurel Springs?
The cost of living in Laurel Springs, NJ is relatively high compared to other areas in the state. The median home value in Laurel Springs is $256,073, which is significantly higher than the statewide median of $209,400. The average household income is also higher than the national average at over $78,000. Additionally, groceries and healthcare can be expensive depending on where you shop. All these factors combine to create a higher cost of living overall.
   Cost of living score
     CategoriesLaurel SpringsNew JerseyUnited States
  94.2119.8100.0
  101.3105.8100
  95.196.9100.0
  73.5136.4100.0
  $269,000$432,100$338,100
  114.7%109.2%100.0%
  97.2127.7100.0
  101.0112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
Compare Laurel Springs, NJ cost of living
Compare food, housing, utilities, and more in Laurel Springs, New Jersey to any other city in the US.