Housing costs in Richwood?
A typical home costs
$506,400, which is 49.8% more expensive than the national average of
$338,100 and 17.2% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Richwood costs
$1,420 per month, which is 0.7% cheaper than the national average of
$1,430 and 20.4% cheaper than the state average of
$1,710.
Can I afford Richwood?
To live comfortably in Richwood, New Jersey, a minimum annual income of
$97,200 for a family, and
$47,200 for a single person is recommended.
What does A.I. say about Richwood?
The cost of living in Richwood, NJ is fairly high, with the median home price estimated at $256,500. Renters can expect to pay around $1,224 a month for a one-bedroom apartment on average. Additionally, goods and services tend to be pricier than in other towns and cities in the area. Residents are likely to pay more for groceries, health care services, transportation fees, and even entertainment expenses. Despite these higher costs of living, many find that Richwood's excellent quality of life makes up for it.