Housing costs in Belmar?
A typical home costs
$636,300, which is 88.2% more expensive than the national average of
$338,100 and 47.3% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Belmar costs
$1,660 per month, which is 16.1% more than the national average of
$1,430 and 3.0% cheaper than the state average of
$1,710.
Can I afford Belmar?
To live comfortably in Belmar (zip 07719), New Jersey, a minimum annual income of
$122,040 for a family, and
$52,800 for a single person is recommended.
What does A.I. say about Belmar?
The cost of living in 07719 Belmar, NJ is relatively high. Rent for a one-bedroom apartment can range from $1,200 to $2,400 per month depending on size and location. Property taxes are also quite high, ranging from about 3% to 4% of the assessed value of your home. The sales tax rate is 6.625%, while groceries are taxed at 2%. The average household income is around $86,000 which is slightly higher than the national or state averages. Despite the somewhat high cost of living in this area, residents enjoy an abundance of amenities such as access to popular beaches, world-class restaurants, and plenty of recreational activities like boating and fishing.