Housing costs in Clayton?
A typical home costs
$247,800, which is 26.7% less expensive than the national average of
$338,100 and 42.7% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Clayton costs
$1,370 per month, which is 19.9% cheaper than the national average of
$1,710 and 7.3% cheaper than the state average of
$1,470.
Can I afford Clayton?
To live comfortably in Clayton (zip 08312), New Jersey, a minimum annual income of
$47,520 for a family, and
$45,600 for a single person is recommended.
What does A.I. say about Clayton?
The cost of living in 08312 Clayton, NJ is relatively high compared to other parts of the country. The median home value in this area is $186,200, which is significantly higher than the national average of $184,700. Additionally, the average monthly rent for a one-bedroom apartment in 08312 Clayton is around $1,000 per month while the national median rental rate for a similar unit is just slightly more than $900 per month. Further contributing to the high cost of living is that food prices are more expensive as well as gas and transportation costs. Overall, 08312 Clayton residents should plan to budget accordingly when considering their cost of living expenses.