Housing costs in Morris Plains?
A typical home costs
$556,100, which is 64.5% more expensive than the national average of
$338,100 and 28.7% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Morris Plains costs
$2,440 per month, which is 70.6% more than the national average of
$1,430 and 29.9% more than the state average of
$1,710.
Can I afford Morris Plains?
To live comfortably in Morris Plains (zip 07950), New Jersey, a minimum annual income of
$106,560 for a family, and
$81,200 for a single person is recommended.
What does A.I. say about Morris Plains?
Morris Plains, NJ is a desirable area to live in due to its relatively cost effective living expenses. The cost of living index in 07950 is around 113, which means that it is 13% higher than the national average. Despite this, rent and housing costs tend to be lower than other areas, making it an attractive option for those looking to settle down. Groceries, healthcare, transportation, and other essentials are also more affordable than in many other locations. Whether you’re looking for a place to call home or just somewhere to visit, Morris Plains is a great option due to its reasonable cost of living.