Housing costs in Maplewood?
A typical home costs
$713,300, which is 111.0% more expensive than the national average of
$338,100 and 65.1% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Maplewood costs
$2,200 per month, which is 53.8% more than the national average of
$1,430 and 22.3% more than the state average of
$1,710.
Can I afford Maplewood?
To live comfortably in Maplewood (zip 07040), New Jersey, a minimum annual income of
$136,800 for a family, and
$73,200 for a single person is recommended.
What does A.I. say about Maplewood?
The cost of living in 07040 Maplewood, NJ is relatively high compared to most other parts of the country, with an estimated cost of living index of 119.7 which is 19.7 higher than the national average. Housing costs are particularly expensive, with a median home price of almost $450K and a median monthly rent of over $1,500. Groceries, transportation, and healthcare are also pricier than in other areas of the country. Despite these higher costs, many people find that living in Maplewood is worth it for its close proximity to New York City and its charming small-town atmosphere.