Housing costs in Princeton Junction?
A typical home costs
$765,100, which is 126.3% more expensive than the national average of
$338,100 and 77.1% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Princeton Junction costs
$2,470 per month, which is 72.7% more than the national average of
$1,430 and 30.8% more than the state average of
$1,710.
Can I afford Princeton Junction?
To live comfortably in Princeton Junction, New Jersey, a minimum annual income of
$146,520 for a family, and
$75,200 for a single person is recommended.
What does A.I. say about Princeton Junction?
The cost of living in Princeton Junction, NJ is relatively high compared to the national average. According to BestPlaces, the cost of living index in Princeton Junction is 180.9 compared to a national average of 100. Housing in particular is especially expensive, with the median home price in Princeton Junction being around $570,800 which is almost three times the national median home price. Even basic goods and services like groceries and transportation can be pricey here due to its close proximity to New York City. Despite this, many residents find that they are able to make ends meet and are willing to pay for the higher quality of life that Princeton Junction provides.