Housing costs in Monroe township (Gloucester County)?
A typical home costs
$296,600, which is 12.3% less expensive than the national average of
$338,100 and 31.4% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Monroe township (Gloucester County) costs
$1,460 per month, which is 2.1% more than the national average of
$1,430 and 17.1% cheaper than the state average of
$1,710.
Can I afford Monroe township (Gloucester County)?
To live comfortably in Monroe township (Gloucester County), New Jersey, a minimum annual income of
$56,880 for a family, and
$48,400 for a single person is recommended.
What does A.I. say about Monroe township (Gloucester County)?
Monroe Township is located in the southernmost part of Gloucester County, New Jersey. The cost of living in Monroe Township is relatively affordable, with a median home price of $257,600. According to BestPlaces, the cost of living in Monroe Township is 12% lower than the state average and 6% lower than the national average. Additionally, food expenses in Monroe Township are 8% lower than the state average and 5% lower than the national average. With a wide range of housing options for buyers and renters alike, Monroe Township provides an attractive option for those looking to relocate to New Jersey without breaking their budget.