Housing costs in Lafayette?
A typical home costs
$426,900, which is 26.3% more expensive than the national average of
$338,100 and 1.2% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Lafayette costs
$1,390 per month, which is 2.8% cheaper than the national average of
$1,430 and 23.0% cheaper than the state average of
$1,710.
Can I afford Lafayette?
To live comfortably in Lafayette (zip 07848), New Jersey, a minimum annual income of
$81,720 for a family, and
$46,400 for a single person is recommended.
What does A.I. say about Lafayette?
The cost of living in 07848 Lafayette, NJ is relatively high compared to other parts of the country. The median home value is $506,800, which is almost double the national average of $248,857. Renters can expect to pay an average of $2,047 per month for a one-bedroom apartment. Groceries, healthcare and transportation costs are all on the higher end as well. Despite the high costs of living in 07848 Lafayette, NJ residents enjoy access to excellent schools and plenty of outdoor activities nearby.