Housing costs in Avenel?
A typical home costs
$379,900, which is 12.4% more expensive than the national average of
$338,100 and 12.1% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Avenel costs
$1,850 per month, which is 8.2% more than the national average of
$1,710 and 17.3% cheaper than the state average of
$2,170.
Can I afford Avenel?
To live comfortably in Avenel (zip 07001), New Jersey, a minimum annual income of
$72,720 for a family, and
$58,400 for a single person is recommended.
What does A.I. say about Avenel?
The cost of living in 07001 Avenel, NJ is relatively high compared to many other areas across the US. The median home value in the area is $357,000, which is more than double the national median of $184,700. Additionally, the average rent for a two-bedroom apartment in Avenel is nearly $1,600 per month. Although groceries and utilities are slightly lower than the national average, transportation costs such as gas and insurance are much higher. All things considered, it’s clear that living in 07001 Avenel can be expensive.