Housing costs in Edison?
A typical home costs
$608,400, which is 79.9% more expensive than the national average of
$338,100 and 40.8% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Edison costs
$2,070 per month, which is 44.8% more than the national average of
$1,430 and 17.4% more than the state average of
$1,710.
Can I afford Edison?
To live comfortably in Edison (zip 08820), New Jersey, a minimum annual income of
$116,640 for a family, and
$65,600 for a single person is recommended.
What does A.I. say about Edison?
The cost of living in 08820 Edison, NJ is relatively high compared to other places in the US. According to the most recent data from BestPlaces, the overall cost of living index in Edison is 111.4, which is 11.4% higher than the national average. Housing prices are particularly high, with a rental rate of $2,370 per month for a one-bedroom apartment and an average price of $359,000 for a 4-bedroom house. Additionally, basic goods like groceries and utilities are expensive as well; these items can range anywhere from 20%-50% higher than the national average. Although it may be more costly to live here than other parts of the country, there is still plenty of opportunity and amenities to make up for it.