Housing costs in Farmingdale?
A typical home costs
$625,100, which is 84.9% more expensive than the national average of
$338,100 and 44.7% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Farmingdale costs
$1,230 per month, which is 14.0% cheaper than the national average of
$1,430 and 39.0% cheaper than the state average of
$1,710.
Can I afford Farmingdale?
To live comfortably in Farmingdale (zip 07727), New Jersey, a minimum annual income of
$119,880 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Farmingdale?
The cost of living in 07727 Farmingdale, NJ is relatively high compared to other areas of the country. The median home value is around $400,000 which is significantly higher than the national average. The median household income is also much higher than the national average, at around $60,000. Additionally, transportation costs are fairly high with a commute to New York City costing approximately $25 each way by car or bus. In general, living in this area can be quite expensive but those who can afford it often have access to great amenities and opportunities that can make the cost of living worth it.