Housing costs in Morganville?
A typical home costs
$536,500, which is 58.7% more expensive than the national average of
$338,100 and 24.2% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Morganville costs
$2,370 per month, which is 65.7% more than the national average of
$1,430 and 27.8% more than the state average of
$1,710.
Can I afford Morganville?
To live comfortably in Morganville, New Jersey, a minimum annual income of
$102,960 for a family, and
$76,000 for a single person is recommended.
What does A.I. say about Morganville?
The cost of living in Morganville, NJ is quite reasonable compared to other areas of the state. The median home price in Morganville is $400,000, which is substantially lower than many other cities in New Jersey. Rent prices are also relatively low compared to other parts of the state, with an average two-bedroom apartment renting for approximately $1,400 per month. The area offers a wide range of restaurants and shopping that are affordable for residents on any budget. In addition, groceries and utilities are generally priced fairly competitively as compared to neighboring towns. Overall, Morganville provides a great quality of life at a relatively low cost of living when compared to other cities throughout New Jersey.