Housing costs in Montclair?
A typical home costs
$728,400, which is 115.4% more expensive than the national average of
$338,100 and 68.6% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Montclair 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 Montclair?
To live comfortably in Montclair (zip 07042), New Jersey, a minimum annual income of
$139,680 for a family, and
$73,200 for a single person is recommended.
What does A.I. say about Montclair?
The cost of living in 07042 Montclair, NJ is high compared to the national average. The median home value in 07042 Montclair is $523,000, which is more than twice the national median home value of $231,200. The cost of utilities and other necessities like transportation and groceries are significantly higher than the rest of the country as well. Although there is some variation based on how close you are to New York City and other neighboring cities like Newark, it remains generally true that the cost of living in 07042 Montclair is higher than most places.