Housing costs in Franklin borough (Sussex County)?
A typical home costs
$207,500, which is 38.6% less expensive than the national average of
$338,100 and 52.0% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Franklin borough (Sussex County) costs
$1,420 per month, which is 0.7% cheaper than the national average of
$1,430 and 20.4% cheaper than the state average of
$1,710.
Can I afford Franklin borough (Sussex County)?
To live comfortably in Franklin borough (Sussex County), New Jersey, a minimum annual income of
$39,600 for a family, and
$47,200 for a single person is recommended.
What does A.I. say about Franklin borough (Sussex County)?
Franklin borough, NJ is an affordable place to live with a median home value of around $248,700. Compared to nearby cities like Hoboken or Jersey City, the cost of living in Franklin is lower, providing a great balance between quality and affordability for its residents. The median household income for the area is $71,058 which gives people living in Franklin access to many amenities while still staying within their budget. Utilities are also less expensive than in other parts of New Jersey due to the rural location of the town. All these factors make Franklin borough a great place to live for those who want to enjoy comfortable living without breaking the bank.