Housing costs in Rumson?
A typical home costs
$1,344,100, which is 297.5% more expensive than the national average of
$338,100 and 211.1% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Rumson costs
$2,040 per month, which is 19.3% more than the national average of
$1,710 and 6.4% cheaper than the state average of
$2,170.
Can I afford Rumson?
To live comfortably in Rumson (zip 07760), New Jersey, a minimum annual income of
$257,400 for a family, and
$65,200 for a single person is recommended.
What does A.I. say about Rumson?
Living in 07760 Rumson, NJ can be quite expensive. According to Zillow, the median home value in Rumson is $1,450,700 and the median rent for a 1 bedroom apartment is around $2,250. Other costs of living include groceries at about $8-$13 per meal and transportation costing around $9.50 a day for public transport or an average of 16.83 cents a mile for car owners. Utility bills can also be steep with the average electricity cost per month being around $234 and gas bills averaging at approximately $130 per month. Due to these costs, those looking to live in Rumson should plan accordingly and have a proper budgeting strategy.