Housing costs in Elwood?
A typical home costs
$325,300, which is 3.8% less expensive than the national average of
$338,100 and 24.7% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Elwood costs
$1,610 per month, which is 5.8% cheaper than the national average of
$1,710 and close to the state average of
$1,580.
Can I afford Elwood?
To live comfortably in Elwood (zip 08217), New Jersey, a minimum annual income of
$62,280 for a family, and
$51,200 for a single person is recommended.
What does A.I. say about Elwood?
The cost of living in 08217 Elwood, NJ is generally higher than the national average. The median home value in 08217 is $274,600, which is over double the national average of $200,000. Additionally, the median rent price in Elwood is $1,428/month, while the national median rent is only $1,020/month. On top of that, the cost of groceries and other necessities are also higher than the national averages. All these factors combined mean that living in 08217 Elwood can be quite expensive compared to other areas around the country.