Regency at Monroe, NJ Cost of Living


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How much do I need to live in Regency at Monroe, New Jersey?
$10,710 / month
for a family, 98.3% more expensive than the national average A total of $128,520 for the year for a family.
$4,333 / month
for a single person, 9.1% less expensive than the national average A total of $52,000 for the year for a single person.

Regency at Monroe cost of living score
124.7
More expensive
24.7% higher
than the US average
4.1% higher
than the New Jersey average
Regency at Monroe, New Jersey gets a BestPlaces Cost of Living score of 124.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 24.7% higher than the U.S. average and 4.1% lower than the average for New Jersey.

Regency at Monroe, NJ

Housing costs in Regency at Monroe?
A typical home costs $0, which is 100.0% less expensive than the national average of $338,100 and 100.0% less expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Regency at Monroe costs $1,640 per month, which is 14.7% more than the national average of $1,430 and 4.3% cheaper than the state average of $1,710.

Can I afford Regency at Monroe?
To live comfortably in Regency at Monroe, New Jersey, a minimum annual income of $128,520 for a family, and $52,000 for a single person is recommended.

What does A.I. say about Regency at Monroe?
The cost of living in Regency at Monroe, NJ is relatively high compared to the US average. According to data from the US Census Bureau, the median house value in Regency at Monroe is significantly higher than the US average of $338,100. This indicates that living costs are higher in this area due to the higher housing prices and other associated factors. The overall cost of living index for this area is also greater than the US average of 100, demonstrating just how much more expensive it can be to live here. It is important for potential residents to consider these costs when making a decision about relocating to Regency at Monroe.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesRegency at MonroeNew JerseyUnited States
    Unlock119.8100.0
Grocery 105.8100

   100=National Average

   Average Rent by Bedroom Size
Crime
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