Housing costs in New Hanover?
A typical home costs
$318,400, which is 5.8% less expensive than the national average of
$338,100 and 26.3% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in New Hanover costs
$2,030 per month, which is 42.0% more than the national average of
$1,430 and 15.8% more than the state average of
$1,710.
Can I afford New Hanover?
To live comfortably in New Hanover, New Jersey, a minimum annual income of
$60,840 for a family, and
$67,600 for a single person is recommended.
What does A.I. say about New Hanover?
The cost of living in New Hanover, NJ is surprisingly reasonable compared to many other areas in the state. The median home value is estimated to be around $259,100, which is slightly higher than the national average but more affordable than many of its neighboring towns and cities. In addition, the sales tax rate in New Hanover is only 6%, making it one of the most affordable locations in New Jersey. Groceries are also reasonably priced, with an overall cost of goods index that's just a bit higher than the national average. With all these factors combined, it's easy to see why New Hanover remains a popular destination for those looking for a comfortable and affordable place to live.