Housing costs in Mount Royal?
A typical home costs
$375,100, which is 10.9% more expensive than the national average of
$338,100 and 13.2% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Mount Royal costs
$2,190 per month, which is 53.1% more than the national average of
$1,430 and 21.9% more than the state average of
$1,710.
Can I afford Mount Royal?
To live comfortably in Mount Royal (zip 08061), New Jersey, a minimum annual income of
$72,000 for a family, and
$72,400 for a single person is recommended.
What does A.I. say about Mount Royal?
The cost of living in 08061 Mount Royal, NJ is relatively high compared to the rest of the state and nation. The median home price in this zip code is $221,400, which is significantly higher than the national average of $185,700. In addition, the median household income in 08061 is $58,607 as opposed to the New Jersey median household income of $76,126. Property taxes are also above average, at an estimated rate of 2.73% per year. Furthermore, utility bills are slightly higher than neighboring towns due to its close proximity to Philadelphia. Despite these costs, there are plenty of amenities available that make living in 08061 Mount Royal attractive.