Housing costs in Hancocks Bridge?
A typical home costs
$198,900, which is 41.2% less expensive than the national average of
$338,100 and 54.0% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Hancocks Bridge costs
$1,270 per month, which is 11.2% cheaper than the national average of
$1,430 and 34.6% cheaper than the state average of
$1,710.
Can I afford Hancocks Bridge?
To live comfortably in Hancocks Bridge (zip 08038), New Jersey, a minimum annual income of
$38,160 for a family, and
$42,000 for a single person is recommended.
What does A.I. say about Hancocks Bridge?
The cost of living in 08038 Hancocks Bridge, NJ is relatively high compared to other cities in the area. This is mainly due to the fact that it is a small town with limited resources and amenities. The median home value is $229,200, which is higher than the national average and much higher than nearby towns. However, this number can be offset by the low unemployment rate of 4.6%. For those looking to purchase a home in this area, there are many reasonably priced options available. Additionally, the cost of goods and services are on par with what one would expect from a small town. All things considered, 08038 Hancocks Bridge offers an affordable lifestyle for those who are looking for a rural setting with access to city amenities nearby.