Housing costs in Millburn?
A typical home costs
$929,800, which is 175.0% more expensive than the national average of
$338,100 and 115.2% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Millburn costs
$2,000 per month, which is 39.9% more than the national average of
$1,430 and 14.5% more than the state average of
$1,710.
Can I afford Millburn?
To live comfortably in Millburn (zip 07041), New Jersey, a minimum annual income of
$178,200 for a family, and
$66,800 for a single person is recommended.
What does A.I. say about Millburn?
The cost of living in 07041 Millburn, NJ is higher than the national average. The median home price in this area is $799,000, which is more than double the national median home price of $284,000. Rentals are also quite pricey in 07041, with an average monthly rent of $2,025 per month. Prices for goods and services are also higher compared to the national average. While it can be expensive to live in 07041 Millburn, NJ, many residents view it as a desirable place to call home due to its excellent schools and central location near both New York City and Newark International Airport.