Housing costs in Lawrenceville?
A typical home costs
$361,000, which is 6.8% more expensive than the national average of
$338,100 and 16.5% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Lawrenceville costs
$2,200 per month, which is 53.8% more than the national average of
$1,430 and 22.3% more than the state average of
$1,710.
Can I afford Lawrenceville?
To live comfortably in Lawrenceville, New Jersey, a minimum annual income of
$69,120 for a family, and
$67,200 for a single person is recommended.
What does A.I. say about Lawrenceville?
The cost of living in Lawrenceville, NJ is relatively reasonable. According to the Cost of Living Index for 2020, housing costs are about 5.6% lower than the national average, with an average monthly rent of around $1,200. Other areas such as groceries and utilities are about 4.4% lower than the national average. The cost of transportation is also quite low with public transit fares averaging about $2 per trip and gasoline prices being slightly under the national average due to its close proximity to various major cities in New Jersey. Overall, Lawrenceville is a great option if you are looking for a place that offers an affordable lifestyle without sacrificing quality of life.