Housing costs in Garwood?
A typical home costs
$496,600, which is 46.9% more expensive than the national average of
$338,100 and 14.9% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Garwood costs
$1,910 per month, which is 11.7% more than the national average of
$1,710 and 13.6% cheaper than the state average of
$2,170.
Can I afford Garwood?
To live comfortably in Garwood (zip 07027), New Jersey, a minimum annual income of
$95,040 for a family, and
$63,600 for a single person is recommended.
What does A.I. say about Garwood?
The cost of living in 07027 Garwood, NJ is quite reasonable. It has a low cost of housing compared to nearby towns and cities, with the median home cost being $283,000. In addition, the area offers reasonable rates for goods and services, as well as restaurants and entertainment venues. The overall cost of living index for the city is 94.1, which is significantly lower than the national average of 100. Additionally, tax rates are quite low in Garwood compared to other areas in New Jersey, making it an attractive place to live for those seeking a reasonably priced lifestyle.