Housing costs in Loch Arbour?
A typical home costs
$2,356,000, which is 596.8% more expensive than the national average of
$338,100 and 445.2% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Loch Arbour costs
$1,470 per month, which is 2.8% more than the national average of
$1,430 and 16.3% cheaper than the state average of
$1,710.
Can I afford Loch Arbour?
To live comfortably in Loch Arbour, New Jersey, a minimum annual income of
$451,440 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about Loch Arbour?
The cost of living in Loch Arbour, NJ is relatively high compared to the national average. The median home value in this town is $695,400, which is almost 2.5 times the national median home value of $231,200. The median household income here is also much higher than the national median of $57,652; the median household income in Loch Arbour is $157,741. In terms of essentials such as groceries and transportation costs, they are slightly below the national average but still more expensive compared to other areas around the country. In addition, property taxes are on the higher side with a rate of 5%. All these factors add up to make Loch Arbour one of the more expensive places to live in New Jersey.