Housing costs in Milltown?
A typical home costs
$462,300, which is 36.7% more expensive than the national average of
$338,100 and 7.0% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Milltown costs
$2,010 per month, which is 40.6% more than the national average of
$1,430 and 14.9% more than the state average of
$1,710.
Can I afford Milltown?
To live comfortably in Milltown, New Jersey, a minimum annual income of
$88,560 for a family, and
$63,600 for a single person is recommended.
What does A.I. say about Milltown?
The cost of living in Milltown, NJ is relatively affordable compared to nearby areas. Housing costs are on the lower end, with median home prices around $180,000, and the median rent price for a one-bedroom apartment is about $1,200 a month. Groceries and other necessities tend to be more expensive than the national average but are still within reach for most families. Utilities also tend to be slightly higher than average due to the higher cost of energy in New Jersey. Generally speaking, Milltown offers an affordable and comfortable lifestyle that appeals to many people looking for a place to call home.