Zip 07718 (Belford, NJ) Cost of Living


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Belford cost of living score
129.1
More expensive
29.1% higher
than the US average
7.8% higher
than the New Jersey average
Belford (zip 07718), New Jersey gets a BestPlaces Cost of Living score of 129.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 29.1% higher than the U.S. average and 7.8% lower than the average for New Jersey.

Zip 07718 (Belford, NJ)

Housing costs in Belford?
A typical home costs $455,700, which is 34.8% more expensive than the national average of $338,100 and 5.5% more expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Belford costs $1,800 per month, which is 25.9% more than the national average of $1,430 and 5.0% more than the state average of $1,710.

Can I afford Belford?
To live comfortably in Belford (zip 07718), New Jersey, a minimum annual income of $87,480 for a family, and $57,600 for a single person is recommended.

What does A.I. say about Belford?
The cost of living in 07718 Belford, NJ is relatively high compared to other areas in the US. The median home price is $660,000 which is significantly higher than the national average of $231,200. Additionally, the median household income is around $122,500 which is significantly higher than the national average of $61,937. Although the cost of living in Belford may be higher than some surrounding areas, there are also a number of benefits that come with it. Residents can enjoy easy access to transportation and plenty of job opportunities due to the town’s proximity to major cities such as New York City and Newark. In addition to this, residents have access to plenty of recreational activities and local attractions such as belford harbor and Sandy Hook Park.
   Cost of living score
     CategoriesBelfordNew JerseyUnited States
  129.1119.8100.0
  105.5105.8100
  98.396.9100.0
  147.3136.4100.0
  $455,700$432,100$338,100
  101.1%109.2%100.0%
  99.8127.7100.0
  140.5112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime