Housing costs in Belvidere?
A typical home costs
$312,800, which is 7.5% less expensive than the national average of
$338,100 and 27.6% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Belvidere costs
$1,270 per month, which is 11.2% cheaper than the national average of
$1,430 and 34.6% cheaper than the state average of
$1,710.
Can I afford Belvidere?
To live comfortably in Belvidere (zip 07823), New Jersey, a minimum annual income of
$59,760 for a family, and
$42,000 for a single person is recommended.
What does A.I. say about Belvidere?
The cost of living in 07823 Belvidere, NJ is relatively low compared to other parts of the country. According to the most recent data from Sperling's Best Places, Belvidere has an overall cost of living index of 87.7 which is significantly lower than the national average of 100. The cost for housing is also considerably lower than other locations, with a median home value in 2019 sitting at around $170,000. Additionally, groceries and health care are both more affordable in Belvidere as well. All in all, living in Belvidere can make for an inexpensive lifestyle and a smart financial decision.