Housing costs in Burlington?
A typical home costs
$327,900, which is 3.0% less expensive than the national average of
$338,100 and 24.1% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Burlington costs
$1,350 per month, which is 5.6% cheaper than the national average of
$1,430 and 26.7% cheaper than the state average of
$1,710.
Can I afford Burlington?
To live comfortably in Burlington (zip 08016), New Jersey, a minimum annual income of
$63,000 for a family, and
$44,800 for a single person is recommended.
What does A.I. say about Burlington?
The cost of living in 08016 Burlington, NJ is relatively high compared to other parts of the country. Housing prices are particularly expensive, with a median home value of $278,400. Despite being slightly higher than the national average for groceries and health care costs, overall expenses are still modest. The cost of transportation is also below the national average. With a relatively low unemployment rate and affordable amenities, 08016 Burlington, NJ remains an attractive option for those seeking to settle down and live comfortably.