Zip 07827 (Montague, NJ) Cost of Living


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Montague cost of living score
115
More expensive
15.0% higher
than the US average
4.0% lower
than the New Jersey average
Montague (zip 07827), New Jersey gets a BestPlaces Cost of Living score of 115, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 15.0% higher than the U.S. average and 4.0% higher than the average for New Jersey.

Zip 07827 (Montague, NJ)

Housing costs in Montague?
A typical home costs $267,700, which is 20.8% less expensive than the national average of $338,100 and 38.0% less expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Montague costs $1,350 per month, which is 5.6% cheaper than the national average of $1,430 and 26.7% cheaper than the state average of $1,710.

Can I afford Montague?
To live comfortably in Montague (zip 07827), New Jersey, a minimum annual income of $51,120 for a family, and $44,800 for a single person is recommended.

What does A.I. say about Montague?
The cost of living in 07827 Montague, NJ is very reasonable. The median home value in the town is $181,000, and monthly homeowner costs come in at around $1,653 a month. Renters can expect to pay an average of $1,244 a month for a two bedroom apartment. Grocery prices are relatively low when compared to other local areas and the overall tax rate in the area is well below the national average. For those looking for a smaller town with more affordable living, 07827 could be an excellent choice.
   Cost of living score
     CategoriesMontagueNew JerseyUnited States
  115.0119.8100.0
  102.3105.8100
  99.196.9100.0
  84.6136.4100.0
  $267,700$432,100$338,100
  98.5%109.2%100.0%
  153.9127.7100.0
  116.2112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime