Housing costs in Florence?
A typical home costs
$270,900, which is 19.9% less expensive than the national average of
$338,100 and 37.3% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Florence costs
$1,340 per month, which is 6.3% cheaper than the national average of
$1,430 and 27.6% cheaper than the state average of
$1,710.
Can I afford Florence?
To live comfortably in Florence (zip 08518), New Jersey, a minimum annual income of
$51,840 for a family, and
$44,400 for a single person is recommended.
What does A.I. say about Florence?
The cost of living in 08518 Florence, NJ is higher than the national average, with a median home value of $228,400 and median rent at $1,445. Groceries and other essentials are moderately priced compared to other parts of the state, but still significantly higher than the national average. Utility costs vary depending upon usage but are considered higher than the rest of the nation. Transportation costs can also be pricey due to limited public transportation options in this rural area.