Housing costs in New Providence?
A typical home costs
$757,500, which is 124.0% more expensive than the national average of
$338,100 and 75.3% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in New Providence costs
$2,080 per month, which is 21.6% more than the national average of
$1,710 and 4.3% cheaper than the state average of
$2,170.
Can I afford New Providence?
To live comfortably in New Providence (zip 07974), New Jersey, a minimum annual income of
$145,080 for a family, and
$69,200 for a single person is recommended.
What does A.I. say about New Providence?
The cost of living in 07974 New Providence, NJ is relatively high compared to other parts of the nation. The median home value is $688,200, with rent averaging around $2,800 per month. The area also has a higher-than-average cost of goods and services - including groceries, healthcare and transportation. Residents can expect to pay slightly more for food, gas, and utilities than in other parts of the country. However, the area's excellent schools and low crime rate make up for these costs.