Housing costs in Montclair?
A typical home costs
$868,700, which is 156.9% more expensive than the national average of
$338,100 and 101.0% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Montclair costs
$2,290 per month, which is 60.1% more than the national average of
$1,430 and 25.3% more than the state average of
$1,710.
Can I afford Montclair?
To live comfortably in Montclair, New Jersey, a minimum annual income of
$166,320 for a family, and
$76,000 for a single person is recommended.
What does A.I. say about Montclair?
The cost of living in Montclair, NJ is generally considered to be moderately high. Housing costs are particularly high, with the median monthly rent for a one-bedroom apartment hovering around $2,000. Groceries and other expenses are also fairly expensive, making it difficult for those living on a tight budget to make ends meet. However, this high cost of living comes with many benefits; Montclair offers excellent public transportation, plenty of job opportunities due to its proximity to New York City, and a thriving entertainment and cultural scene – all of which makes it an attractive option for those looking for convenience as well as quality of life.