Housing costs in Basking Ridge?
A typical home costs
$705,500, which is 108.7% more expensive than the national average of
$338,100 and 63.3% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Basking Ridge costs
$2,550 per month, which is 78.3% more than the national average of
$1,430 and 32.9% more than the state average of
$1,710.
Can I afford Basking Ridge?
To live comfortably in Basking Ridge (zip 07920), New Jersey, a minimum annual income of
$135,000 for a family, and
$80,400 for a single person is recommended.
What does A.I. say about Basking Ridge?
Living in 07920 Basking Ridge, NJ can be quite expensive. The median home value is $634,000 and the median rental cost is $2,372 per month, both of which are significantly higher than the national average. Other essential costs such as utilities, food, transportation and health care are also higher than the national average. Despite the high cost of living in 07920 Basking Ridge, NJ, there are numerous benefits that come with living in this area. For example, there is easy access to a variety of excellent stores and restaurants as well as an abundance of cultural activities and events to explore throughout the year.