Housing costs in Elizabeth?
A typical home costs
$425,900, which is 26.0% more expensive than the national average of
$338,100 and 1.4% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Elizabeth costs
$1,390 per month, which is 18.7% cheaper than the national average of
$1,710 and 56.1% cheaper than the state average of
$2,170.
Can I afford Elizabeth?
To live comfortably in Elizabeth (zip 07201), New Jersey, a minimum annual income of
$81,720 for a family, and
$46,400 for a single person is recommended.
What does A.I. say about Elizabeth?
The cost of living in 07201 Elizabeth, NJ is fairly high. According to the Cost of Living Index from 2019, Elizabeth is nearly 20% more expensive than the national average. The median home value in this zip code is over $300,000, and rental prices are also above-average. Groceries are slightly more expensive than the national average as well. Utilities are somewhat lower than other places, however. On the whole, Elizabeth is a bit pricier than other parts of New Jersey and the US overall.