Housing costs in Elizabeth?
A typical home costs
$440,700, which is 30.3% more expensive than the national average of
$338,100 and 2.0% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Elizabeth costs
$1,430 per month, which is 0.0% cheaper than the national average of
$1,430 and 19.6% cheaper than the state average of
$1,710.
Can I afford Elizabeth?
To live comfortably in Elizabeth, New Jersey, a minimum annual income of
$84,600 for a family, and
$47,600 for a single person is recommended.
What does A.I. say about Elizabeth?
Elizabeth is a city located in New Jersey and has an inexpensive cost of living compared to other states in the Northeast US. The median home value for Elizabeth sits at about $399,000; however those with lower incomes should still be able to find more reasonably priced housing options near them. Groceries typically run around $400 per month and basic utilities for a 915-square-foot apartment can range from just under $100/month up to almost $200/month depending on water usage and provider rates. Elizabeth also has many attractions such as stores, parks and entertainment venues that provide residents with plenty of opportunities for fun activities throughout the year.