Housing costs in Monmouth Junction?
A typical home costs
$519,800, which is 53.7% more expensive than the national average of
$338,100 and 20.3% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Monmouth Junction costs
$2,100 per month, which is 46.9% more than the national average of
$1,430 and 18.6% more than the state average of
$1,710.
Can I afford Monmouth Junction?
To live comfortably in Monmouth Junction (zip 08852), New Jersey, a minimum annual income of
$99,720 for a family, and
$66,400 for a single person is recommended.
What does A.I. say about Monmouth Junction?
The cost of living in Monmouth Junction, NJ is relatively high compared to the rest of the country. The median household income is $100,248 and the median home value is around $435,000. This indicates that housing prices are significantly higher than national averages. Additionally, transportation costs in Monmouth Junction tend to be higher due to its proximity to New York City and Philadelphia. Groceries and other common expenses also tend to be above average for similar areas in the nation. Despite these higher costs, living in this area provides residents with a variety of benefits such as easy access to nearby cities and top-notch education opportunities.