Housing costs in Cranford?
A typical home costs
$582,000, which is 72.1% more expensive than the national average of
$338,100 and 34.7% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Cranford costs
$2,140 per month, which is 49.7% more than the national average of
$1,430 and 20.1% more than the state average of
$1,710.
Can I afford Cranford?
To live comfortably in Cranford (zip 07016), New Jersey, a minimum annual income of
$111,600 for a family, and
$71,200 for a single person is recommended.
What does A.I. say about Cranford?
The cost of living in 07016 Cranford, NJ is quite high. According to data from Sperling's Best Places, the overall cost of living index for this area is a staggering 124.7, which is 24.7 points higher than the national average. The housing costs are especially high with an index of 213.1, which is 113 points higher than the national average. This indicates that it can be very expensive to purchase or rent a home in this area. In addition, transportation and health care also have higher costs compared to other areas in the United States, making it more expensive to get around and receive medical treatment in Cranford, NJ.