Housing costs in Montgomery?
A typical home costs
$761,800, which is 125.3% more expensive than the national average of
$338,100 and 76.3% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Montgomery costs
$2,460 per month, which is 72.0% more than the national average of
$1,430 and 30.5% more than the state average of
$1,710.
Can I afford Montgomery?
To live comfortably in Montgomery, New Jersey, a minimum annual income of
$145,800 for a family, and
$77,600 for a single person is recommended.
What does A.I. say about Montgomery?
The cost of living in Montgomery, NJ is generally above average when compared to other places in the United States. This is due to the higher-than-average housing costs and the cost of goods and services that are considered a necessary part of life. For example, housing prices are typically higher than the national median, and food, transportation, and healthcare costs can also be higher than average. Additionally, utilities such as electricity, water/sewer, internet/cable are all more expensive than what you may be used to in other parts of the country. Overall, while it can be expensive to live in Montgomery, NJ compared to some other cities or towns nearby, many residents find it worth it due to the high quality of life available here.