Zip 08886 (Greenwich, NJ) Cost of Living


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How much do I need to live in Greenwich, New Jersey?
$6,600 / month
for a family, 22.2% more expensive than the national average A total of $79,200 for the year for a family.
$4,867 / month
for a single person, 2.1% more expensive than the national average A total of $58,400 for the year for a single person.

Greenwich cost of living score
104.7
More expensive
4.7% higher
than the US average
12.6% lower
than the New Jersey average
Greenwich (zip 08886), 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 08886 (Greenwich, NJ)

Housing costs in Greenwich?
A typical home costs $412,700, which is 22.1% more expensive than the national average of $338,100 and 4.5% less expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Greenwich costs $1,770 per month, which is 23.8% more than the national average of $1,430 and 3.4% more than the state average of $1,710.

Can I afford Greenwich?
To live comfortably in Greenwich (zip 08886), New Jersey, a minimum annual income of $79,200 for a family, and $58,400 for a single person is recommended.

What does A.I. say about Greenwich?
The cost of living in 08886 Greenwich, NJ is generally considered to be fairly high. The median home value in this area is around $372,900 and the median household income is just over $101,000 per year. This means that most households need to make a decent amount of money to be able to afford to live in this area. Prices for groceries, healthcare, and petrol are all higher than the national average as well. Although it can be quite expensive to live here, there are a variety of activities and amenities available that can help offset the high cost of living.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesGreenwichNew JerseyUnited States
    Unlock119.8100.0
  106.1  Unlock100.0
    Unlock96.9100.0
  119.9  Unlock100.0
    Unlock$432,100$338,100
  103.6  Unlock100.0
    Unlock127.7100.0
  103.9  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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