Housing costs in Oakland?
A typical home costs
$566,000, which is 67.4% more expensive than the national average of
$338,100 and 31.0% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Oakland costs
$2,120 per month, which is 24.0% more than the national average of
$1,710 and 2.4% cheaper than the state average of
$2,170.
Can I afford Oakland?
To live comfortably in Oakland (zip 07436), New Jersey, a minimum annual income of
$108,360 for a family, and
$73,200 for a single person is recommended.
What does A.I. say about Oakland?
The cost of living in 07436 Oakland, NJ is substantially higher than the national average. According to Best Places, the cost of living index is 140.1, which is 40% higher than the US average. Housing costs are particularly high in this area, with a median home price of $335,400 and median rent of $1,637 per month. Groceries, utilities and health care costs are also above average. Although Oakland is not as expensive as some other New Jersey towns like Ridgewood or Hoboken, it can still be difficult for many families to afford to live there due to the high cost of living.