Housing costs in Allentown?
A typical home costs
$554,400, which is 64.0% more expensive than the national average of
$338,100 and 28.3% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Allentown costs
$1,360 per month, which is 4.9% cheaper than the national average of
$1,430 and 25.7% cheaper than the state average of
$1,710.
Can I afford Allentown?
To live comfortably in Allentown (zip 08501), New Jersey, a minimum annual income of
$106,200 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about Allentown?
The cost of living in 08501 Allentown, NJ is slightly higher than the national average. The median home value for this area is around $388,800, which is 41.3% higher than the national average. Renters can expect to pay on average $2,000 a month for a two bedroom apartment. Groceries are also more expensive with an index of 117.9 compared to the national index of 100. Gas prices are about 9% higher than the rest of the nation and utility costs are about 6% higher as well. Overall, it can be costly to live in this area but it does offer its residents many amenities to make up for it.