Housing costs in North Hanover?
A typical home costs
$437,200, which is 29.3% more expensive than the national average of
$338,100 and 1.2% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in North Hanover costs
$1,800 per month, which is 25.9% more than the national average of
$1,430 and 5.0% more than the state average of
$1,710.
Can I afford North Hanover?
To live comfortably in North Hanover, New Jersey, a minimum annual income of
$83,880 for a family, and
$59,600 for a single person is recommended.
What does A.I. say about North Hanover?
The cost of living in North Hanover, NJ is relatively high compared to other cities and states. The median home value in the area is $335,400, which is two times higher than the national median. Additionally, utilities are expensive with an average monthly cost of $175 for electricity, natural gas, water and garbage. Transportation costs can also add up quickly with gasoline estimated at around $2.90 per gallon and public transit fares averaging at $1.50 per ride. However, the high cost of living can be offset by lower taxes – the sales tax rate is 6% and there is no state income tax.