Housing costs in Port Murray?
A typical home costs
$394,600, which is 16.7% more expensive than the national average of
$338,100 and 8.7% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Port Murray costs
$1,690 per month, which is 18.2% more than the national average of
$1,430 and close to the state average of
$1,710.
Can I afford Port Murray?
To live comfortably in Port Murray (zip 07865), New Jersey, a minimum annual income of
$75,600 for a family, and
$56,000 for a single person is recommended.
What does A.I. say about Port Murray?
The cost of living in 07865 Port Murray, NJ is relatively high compared to most areas of the United States. The median home value is $355,900, which is more than twice the average for the country. Aside from property costs, other essential expenses such as food and transportation tend to be higher than average as well. Groceries cost an average of 11% higher than elsewhere in the US while transportation costs 10% more. Despite these increases, Port Murray still offers a reasonable cost of living due to its close proximity to major cities such as New York and Philadelphia and its excellent access to public transportation options.