Housing costs in Bedminster township?
A typical home costs
$493,000, which is 45.8% more expensive than the national average of
$338,100 and 14.1% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Bedminster township costs
$2,650 per month, which is 85.3% more than the national average of
$1,430 and 35.5% more than the state average of
$1,710.
Can I afford Bedminster township?
To live comfortably in Bedminster township, New Jersey, a minimum annual income of
$94,320 for a family, and
$83,600 for a single person is recommended.
What does A.I. say about Bedminster township?
The cost of living in Bedminster, NJ is quite high. According to BestPlaces’s cost of living index, the average monthly expenses for a single person in Bedminster is $2,150. This includes rent, groceries, restaurant meals, transportation costs, and utilities. Rent in particular is quite expensive at $1,400 per month for an apartment with one bedroom. Fortunately for those who are looking to buy a home instead of renting one can expect to pay an average of $480,000. In addition, taxes in Bedminster are also high compared to other places in the US due to its location near major cities like New York and Philadelphia.