Housing costs in Skillman?
A typical home costs
$806,200, which is 138.5% more expensive than the national average of
$338,100 and 86.6% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Skillman costs
$2,230 per month, which is 55.9% more than the national average of
$1,430 and 23.3% more than the state average of
$1,710.
Can I afford Skillman?
To live comfortably in Skillman (zip 08558), New Jersey, a minimum annual income of
$154,440 for a family, and
$70,400 for a single person is recommended.
What does A.I. say about Skillman?
The cost of living in 08558 Skillman, NJ is very high. According to Sperling's Best Places, the cost of living index in this area is rated at 124.4, which is 24.4% higher than the US average. Housing costs make up a large portion of this cost of living; the median home value in Skillman is almost $550,000 and the median rent price is nearly $2,200 per month. Other monthly expenses such as groceries, utilities, transportation and health care are also on the high side when compared to other places in the country. Nevertheless, many people choose to live here due to its close proximity to nearby major cities like Princeton and New Brunswick as well as its access to excellent schools and abundant recreational activities.