Housing costs in Morganville?
A typical home costs
$709,300, which is 109.8% more expensive than the national average of
$338,100 and 64.2% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Morganville costs
$2,350 per month, which is 64.3% more than the national average of
$1,430 and 27.2% more than the state average of
$1,710.
Can I afford Morganville?
To live comfortably in Morganville (zip 07751), New Jersey, a minimum annual income of
$136,080 for a family, and
$75,200 for a single person is recommended.
What does A.I. say about Morganville?
Living in 07751 Morganville, NJ is becoming increasingly expensive. According to BestPlaces, the cost of living index in this town is 126.6, which is higher than the US average of 100, indicating that living here is more expensive than the national average. Housing costs are particularly high with a median home price of $339,000 and an average rent price of $1,800 per month. Other typical expenses such as food and transportation are also more expensive than in other areas. All things considered, Morganville's cost of living is quite high and may become prohibitive for some who may be looking to move there.