Housing costs in Springfield?
A typical home costs
$404,700, which is 19.7% more expensive than the national average of
$338,100 and 6.3% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Springfield costs
$1,540 per month, which is 7.7% more than the national average of
$1,430 and 11.0% cheaper than the state average of
$1,710.
Can I afford Springfield?
To live comfortably in Springfield, New Jersey, a minimum annual income of
$77,400 for a family, and
$51,200 for a single person is recommended.
What does A.I. say about Springfield?
The cost of living in Springfield township (Burlington County), NJ is quite affordable. The median home value is around $346,000, which is lower than the statewide average. Renters typically pay anywhere from $1,200 to $2,100 per month for a one-bedroom apartment, depending on the location and amenities. Groceries are generally reasonable with most items costing around average or below average compared to other areas in the state. Other costs such as utilities and transportation can also be relatively inexpensive, although some areas may be more expensive than others depending on the distance from major cities and public transportation options. Overall, Springfield township is an affordable place to live for those looking for a reasonably-priced suburban area.