Zip 07838 (Great Meadows, NJ) Cost of Living


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How much do I need to live in Great Meadows, New Jersey?
$6,030 / month
for a family, 11.7% more expensive than the national average A total of $72,360 for the year for a family.
$5,233 / month
for a single person, 9.8% more expensive than the national average A total of $62,800 for the year for a single person.

Great Meadows cost of living score
104.7
More expensive
4.7% higher
than the US average
12.6% lower
than the New Jersey average
Great Meadows (zip 07838), New Jersey gets a BestPlaces Cost of Living score of 104.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 4.7% higher than the U.S. average and 12.6% higher than the average for New Jersey.

Zip 07838 (Great Meadows, NJ)

Housing costs in Great Meadows?
A typical home costs $378,000, which is 11.8% more expensive than the national average of $338,100 and 12.5% less expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Great Meadows costs $1,900 per month, which is 32.9% more than the national average of $1,430 and 10.0% more than the state average of $1,710.

Can I afford Great Meadows?
To live comfortably in Great Meadows (zip 07838), New Jersey, a minimum annual income of $72,360 for a family, and $62,800 for a single person is recommended.

What does A.I. say about Great Meadows?
Living in 07838 Great Meadows, NJ is affordable. According to the United States Census Bureau, the median household income for this area is $79,813. Although housing costs can be expensive for many areas of New Jersey, Great Meadows has an average home value around $228,100. Goods and services as well as groceries are also reasonably priced compared to other cities in the state. This makes living in Great Meadows an affordable option for many families looking to enjoy a quiet suburban lifestyle near some major metropolitan areas.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesGreat MeadowsNew JerseyUnited States
    Unlock119.8100.0
  107.1  Unlock100.0
    Unlock96.9100.0
  122.2  Unlock100.0
    Unlock$432,100$338,100
  102.0  Unlock100.0
    Unlock127.7100.0
  103.9  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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