Zip 08865 (Phillipsburg, NJ) Cost of Living


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Phillipsburg cost of living score
104.7
More expensive
4.7% higher
than the US average
12.6% lower
than the New Jersey average
Phillipsburg (zip 08865), New Jersey gets a BestPlaces Cost of Living score of 104.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 4.7% higher than the U.S. average and 12.6% higher than the average for New Jersey.

Zip 08865 (Phillipsburg, NJ)

Housing costs in Phillipsburg?
A typical home costs $263,600, which is 22.0% less expensive than the national average of $338,100 and 39.0% less expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Phillipsburg costs $1,480 per month, which is 13.5% cheaper than the national average of $1,710 and 4.7% more than the state average of $1,410.

Can I afford Phillipsburg?
To live comfortably in Phillipsburg (zip 08865), New Jersey, a minimum annual income of $50,400 for a family, and $49,200 for a single person is recommended.

What does A.I. say about Phillipsburg?
The cost of living in 08865 Phillipsburg, NJ is relatively affordable compared to other areas in the state. The median home value is approximately $112,000, and the median household income is around $53,867. In addition, the average price for a gallon of gasoline is around $2.50, and groceries cost an average of 11% less than the national average. With its reasonable prices on housing and everyday items combined with access to nearby urban centers like New York City and Philadelphia, 08865 Phillipsburg makes a great destination for those looking for an affordable place to live.
   Cost of living score
     CategoriesPhillipsburgNew JerseyUnited States
  104.7119.8100.0
  102.4105.8100
  98.796.9100.0
  72.9136.4100.0
  $263,600$432,100$338,100
  103.6%109.2%100.0%
  104.5127.7100.0
  103.9112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime