Housing costs in Allenwood?
A typical home costs
$764,200, which is 126.0% more expensive than the national average of
$338,100 and 76.9% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Allenwood costs
$1,550 per month, which is 8.4% more than the national average of
$1,430 and 10.3% cheaper than the state average of
$1,710.
Can I afford Allenwood?
To live comfortably in Allenwood (zip 08720), New Jersey, a minimum annual income of
$146,520 for a family, and
$49,600 for a single person is recommended.
What does A.I. say about Allenwood?
The cost of living in 08720 Allenwood, NJ is relatively low compared to other parts of the state. The median home cost is $369,800 and the median household income is $80,164. Despite being a suburban area, property taxes are lower than the national average and groceries and health care are also moderately priced. Utilities for a 900-square-foot house will typically run between $100 to $140 per month depending on usage. If you're looking for an affordable place to live near the shore, then Allenwood is a great option.