Housing costs in Rumson?
A typical home costs
$1,651,700, which is 388.5% more expensive than the national average of
$338,100 and 282.2% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Rumson costs
$1,990 per month, which is 39.2% more than the national average of
$1,430 and 14.1% more than the state average of
$1,710.
Can I afford Rumson?
To live comfortably in Rumson, New Jersey, a minimum annual income of
$316,440 for a family, and
$63,600 for a single person is recommended.
What does A.I. say about Rumson?
The cost of living in Rumson, NJ is quite high. Housing costs are some of the most expensive in the nation, with a median home price of $700,000. Groceries and transportation costs are also higher than elsewhere in New Jersey due to its remote location. Other expenses such as healthcare, utilities, and entertainment will also be more expensive than other places in New Jersey. Nonetheless, the quality of life that comes with living in this small town on the banks of the Navesink River makes it worth the cost for many families.