Housing costs in Montague?
A typical home costs
$279,100, which is 17.5% less expensive than the national average of
$338,100 and 35.4% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Montague costs
$1,320 per month, which is 7.7% cheaper than the national average of
$1,430 and 29.5% cheaper than the state average of
$1,710.
Can I afford Montague?
To live comfortably in Montague, New Jersey, a minimum annual income of
$53,640 for a family, and
$44,000 for a single person is recommended.
What does A.I. say about Montague?
The cost of living in Montague, NJ is relatively affordable compared to other New Jersey towns. According to BestPlaces's 2020 Cost of Living Index, the cost of living index for Montague is 90.3, which is lower than the U.S. average (100). This means that goods and services are 10% cheaper in Montague than they are elsewhere in the country. Additionally, housing prices in Montague are quite reasonable—the median price for a house is $177,000, which is significantly lower than the statewide median of $343,800. As such, those looking for an affordable place to live should certainly consider moving to Montague as it offers a great balance between affordability and quality of life.