Housing costs in Bogota?
A typical home costs
$474,400, which is 40.3% more expensive than the national average of
$338,100 and 9.8% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Bogota costs
$1,760 per month, which is 2.9% more than the national average of
$1,710 and 23.3% cheaper than the state average of
$2,170.
Can I afford Bogota?
To live comfortably in Bogota (zip 07603), New Jersey, a minimum annual income of
$90,720 for a family, and
$60,800 for a single person is recommended.
What does A.I. say about Bogota?
The cost of living in 07603 Bogota, NJ is quite affordable compared to other areas of the state. The median home value is $287,500, which is significantly less than the national average of $231,000. Rent for a one-bedroom apartment averages around $1,150 per month and utilities are relatively low. Groceries and other necessities are also reasonably priced in this area. Overall, living in Bogota offers a good balance between cost and quality of life.