Housing costs in Milltown?
A typical home costs
$459,200, which is 35.8% more expensive than the national average of
$338,100 and 6.3% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Milltown costs
$2,040 per month, which is 19.3% more than the national average of
$1,710 and 6.4% cheaper than the state average of
$2,170.
Can I afford Milltown?
To live comfortably in Milltown (zip 08850), New Jersey, a minimum annual income of
$87,840 for a family, and
$64,400 for a single person is recommended.
What does A.I. say about Milltown?
The cost of living in 08850 Milltown, NJ is quite reasonable. Housing prices tend to be relatively low, with the median home value estimated around $264,400. The overall cost of goods and services are also relatively low, with the cost of groceries and health care being 9% and 6%, respectively, lower than the national average. Despite this low cost of living, Milltown still offers plenty in terms of entertainment and culture for its residents. With an abundance of parks, restaurants, shops, galleries and other attractions nearby, there is something for everyone in this small but vibrant community.