Housing costs in Dover?
A typical home costs
$391,700, which is 15.9% more expensive than the national average of
$338,100 and 9.3% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Dover costs
$1,850 per month, which is 8.2% more than the national average of
$1,710 and 17.3% cheaper than the state average of
$2,170.
Can I afford Dover?
To live comfortably in Dover (zip 07801), New Jersey, a minimum annual income of
$74,880 for a family, and
$61,600 for a single person is recommended.
What does A.I. say about Dover?
The cost of living in 07801 Dover, NJ is relatively high, but not as high as some other areas. According to the Council for Community and Economic Research (C2ER), the overall cost of living index in 07801 is 125.3, which is higher than the national average of 100.0. Housing costs are 167.6%, which is one of the highest factors that affects this index number and can make living in 07801 expensive for those looking to move or buy a home. Additionally, goods and services such as transportation, healthcare costs, groceries, and utilities can be more expensive compared to other states or cities. However, there are many perks to living in Dover, NJ including access to a variety of recreational activities and community amenities that somewhat balance out the cost of living here.