Housing costs in Pennington?
A typical home costs
$569,700, which is 68.5% more expensive than the national average of
$338,100 and 31.8% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Pennington costs
$2,250 per month, which is 57.3% more than the national average of
$1,430 and 24.0% more than the state average of
$1,710.
Can I afford Pennington?
To live comfortably in Pennington (zip 08534), New Jersey, a minimum annual income of
$109,080 for a family, and
$68,800 for a single person is recommended.
What does A.I. say about Pennington?
The cost of living in 08534 Pennington, NJ is quite high. The median home cost is $600,000, with the average rent at $2,400 per month. Groceries and utilities are also more expensive than the national average, but transportation costs are lower. Taxes are higher than the national average as well, with a sales tax rate of 6.625%. Overall, 08534 Pennington, NJ offers some of the highest quality of life in the country but it comes with a higher price tag for those who choose to live there.