Housing costs in Kinnelon?
A typical home costs
$515,400, which is 52.4% more expensive than the national average of
$338,100 and 19.3% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Kinnelon costs
$1,750 per month, which is 2.3% more than the national average of
$1,710 and 24.0% cheaper than the state average of
$2,170.
Can I afford Kinnelon?
To live comfortably in Kinnelon (zip 07405), New Jersey, a minimum annual income of
$98,640 for a family, and
$58,400 for a single person is recommended.
What does A.I. say about Kinnelon?
The cost of living in 07405 Kinnelon, NJ is significantly higher than the average in the United States. The median home price in this zip code is approximately $603,400, which is almost double the national median home price of about $315,000. Prices for goods and services are also higher in 07405 Kinnelon, NJ than most other parts of the country. For example, monthly utilities for a 915-square-foot apartment can easily cost over $200 per month. Additionally, local taxes are also among some of the highest in the nation. In summary, while 07405 Kinnelon, NJ provides an excellent quality of life and amenities to residents, it comes at a cost that is much higher than most other parts of the United States.