Housing costs in Runnemede?
A typical home costs
$241,000, which is 28.7% less expensive than the national average of
$338,100 and 44.2% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Runnemede costs
$1,220 per month, which is 28.7% cheaper than the national average of
$1,710 and 20.5% cheaper than the state average of
$1,470.
Can I afford Runnemede?
To live comfortably in Runnemede (zip 08078), New Jersey, a minimum annual income of
$46,080 for a family, and
$40,400 for a single person is recommended.
What does A.I. say about Runnemede?
The cost of living in 08078 Runnemede, NJ is relatively high compared to the national average. According to Data USA, the median household income is significantly higher than the national average at $76,847 and the median property value is $184,300. The cost of housing in the area is quite expensive with a median rent of $1,033 per month. This high cost of living reflects the fact that Runnemede is located within commuting distance to many major cities such as Philadelphia and New York City. Despite this, there are still a range of affordable activities and amenities available for residents including nearby parks, shopping areas, restaurants and entertainment venues.