Housing costs in Nutley?
A typical home costs
$515,300, which is 52.4% more expensive than the national average of
$338,100 and 19.3% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Nutley costs
$1,700 per month, which is 18.9% more than the national average of
$1,430 and close to the state average of
$1,710.
Can I afford Nutley?
To live comfortably in Nutley (zip 07110), New Jersey, a minimum annual income of
$98,640 for a family, and
$56,800 for a single person is recommended.
What does A.I. say about Nutley?
The cost of living in 07110 Nutley, NJ is quite high compared to the national average. The median home value in the area is $382,400, which is significantly higher than the national median of $184,700. Additionally, the cost of goods and services are much higher than average with a grocery index score of 122.3 versus the U.S. average of 100. Renters will find themselves paying more for housing as well; the median rent price in 07110 is currently at $1,764 per month compared to the national median rent price of $949 per month. Although there may be a financial strain that comes with living in this area, many people still find it worthwhile due to its great amenities and convenient location near New York City.