Housing costs in East Hanover?
A typical home costs
$632,200, which is 87.0% more expensive than the national average of
$338,100 and 46.3% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in East Hanover costs
$2,420 per month, which is 69.2% more than the national average of
$1,430 and 29.3% more than the state average of
$1,710.
Can I afford East Hanover?
To live comfortably in East Hanover (zip 07936), New Jersey, a minimum annual income of
$120,960 for a family, and
$80,800 for a single person is recommended.
What does A.I. say about East Hanover?
The cost of living in 07936 East Hanover, NJ is quite high. According to the most recent figures, the median home value in the area is $459,100 and the median rent is $2,724. This is significantly higher than both county and state averages. Those looking to live in this area should be prepared to pay for the privilege of living here. Additionally, goods and services in 07936 are generally more expensive than elsewhere in New Jersey due to higher taxes and fees associated with living in this affluent area.