Housing costs in Lake Hiawatha?
A typical home costs
$410,800, which is 21.5% more expensive than the national average of
$338,100 and 4.9% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Lake Hiawatha costs
$1,470 per month, which is 2.8% more than the national average of
$1,430 and 16.3% cheaper than the state average of
$1,710.
Can I afford Lake Hiawatha?
To live comfortably in Lake Hiawatha (zip 07034), New Jersey, a minimum annual income of
$78,840 for a family, and
$48,800 for a single person is recommended.
What does A.I. say about Lake Hiawatha?
The cost of living in Lake Hiawatha, NJ 07034 is relatively high compared to other areas in the state. According to Sperling’s Best Places, the overall cost of living index for this area is 114, with groceries, housing, and utilities all higher than the national average. Although there are no big-box retailers like Walmart or Target nearby, there are plenty of smaller businesses that offer competitive prices on goods and services. Additionally, there is an abundance of restaurants in the area offering affordable dining options for residents and visitors alike. Home prices tend to be higher in this area as well, with a median home price coming in at about $358,000. The median household income is slightly above the national average at $64,451. All factors considered, Lake Hiawatha can be an expensive place to live but it does have its perks as well.