Housing costs in Boonton?
A typical home costs
$539,700, which is 59.6% more expensive than the national average of
$338,100 and 24.9% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Boonton costs
$1,720 per month, which is 0.6% more than the national average of
$1,710 and 26.2% cheaper than the state average of
$2,170.
Can I afford Boonton?
To live comfortably in Boonton (zip 07005), New Jersey, a minimum annual income of
$103,320 for a family, and
$57,200 for a single person is recommended.
What does A.I. say about Boonton?
07005 Boonton, NJ is a great place to live with its low cost of living. According to the Cost of Living Index, the cost of living in 07005 Boonton is 4% lower than the national average, and 9% lower than the New Jersey state average. The median household income is around $97,755 and the median home value is approximately $359,800. Residents enjoy an abundance of stores, restaurants and entertainment venues in this charming town. Additionally, there are plenty of outdoor activities such as hiking trails and parks for residents to take advantage of year-round. All these factors contribute to why 07005 Boonton is an amazing place to live with its affordable cost of living!