Zip 07732 (Highlands, NJ) Cost of Living


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How much do I need to live in Highlands, New Jersey?
$6,990 / month
for a family, 29.4% more expensive than the national average A total of $83,880 for the year for a family.
$3,767 / month
for a single person, 21.0% less expensive than the national average A total of $45,200 for the year for a single person.

Highlands cost of living score
129.1
More expensive
29.1% higher
than the US average
7.8% higher
than the New Jersey average
Highlands (zip 07732), New Jersey gets a BestPlaces Cost of Living score of 129.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 29.1% higher than the U.S. average and 7.8% lower than the average for New Jersey.

Zip 07732 (Highlands, NJ)

Housing costs in Highlands?
A typical home costs $437,700, which is 29.5% more expensive than the national average of $338,100 and 1.3% more expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Highlands costs $1,420 per month, which is 17.0% cheaper than the national average of $1,710 and 52.8% cheaper than the state average of $2,170.

Can I afford Highlands?
To live comfortably in Highlands (zip 07732), New Jersey, a minimum annual income of $83,880 for a family, and $45,200 for a single person is recommended.

What does A.I. say about Highlands?
The cost of living in 07732 Highlands, NJ is relatively high compared to the rest of the state. The median home value is $381,400 and the median rent price is $1,750 per month. Property taxes are above average at 2.9%, with utilities costing an average of $189 a month. Groceries and dining out also tend to be more expensive than other areas in New Jersey due to tourism in the area. Although it may be more expensive to live here than some other parts of the state, residents are rewarded with an excellent quality of life which includes access to beautiful beaches, a bustling downtown area, and diverse outdoor activities.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesHighlandsNew JerseyUnited States
    Unlock119.8100.0
  104.4  Unlock100.0
    Unlock96.9100.0
  138.0  Unlock100.0
    Unlock$432,100$338,100
  101.1  Unlock100.0
    Unlock127.7100.0
  140.5  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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