Housing costs in Spotswood?
A typical home costs
$406,900, which is 20.3% more expensive than the national average of
$338,100 and 5.8% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Spotswood costs
$1,690 per month, which is 18.2% more than the national average of
$1,430 and close to the state average of
$1,710.
Can I afford Spotswood?
To live comfortably in Spotswood, New Jersey, a minimum annual income of
$78,120 for a family, and
$53,600 for a single person is recommended.
What does A.I. say about Spotswood?
The cost of living in Spotswood, NJ is slightly higher than the national average. According to the latest data from Sperling's Best Places, the cost of living index in Spotswood is 114.2, compared to the national average of 100. This means that things like housing, groceries, healthcare, and transportation costs are 1.1% higher in Spotswood than they are throughout the rest of the country. While this may seem like a small difference, it can add up over time and make a difference in a person's budgeting or financial planning.