Housing costs in Richland?
A typical home costs
$274,100, which is 18.9% less expensive than the national average of
$338,100 and 36.6% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Richland costs
$1,570 per month, which is 9.8% more than the national average of
$1,430 and 8.9% cheaper than the state average of
$1,710.
Can I afford Richland?
To live comfortably in Richland (zip 08350), New Jersey, a minimum annual income of
$52,560 for a family, and
$50,000 for a single person is recommended.
What does A.I. say about Richland?
Living in 08350 Richland, NJ can be quite expensive due to its proximity to larger cities like Philadelphia and Atlantic City. The median home value in 08350 is $208,400, which is substantially higher than the national average of $184,700. In addition, the cost of living index in 08350 is 125.8 which is 25.8% higher than the national average of 100. This means that goods and services such as groceries, transportation, and healthcare are more expensive than they would be elsewhere in the country. Despite the high cost of living in this area, it remains a desirable place to live due to its cultural attractions and proximity to both Philadelphia and Atlantic City.