Housing costs in Teterboro?
A typical home costs
$649,000, which is 92.0% more expensive than the national average of
$338,100 and 50.2% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Teterboro costs
$2,130 per month, which is 24.6% more than the national average of
$1,710 and close to the state average of
$2,170.
Can I afford Teterboro?
To live comfortably in Teterboro (zip 07608), New Jersey, a minimum annual income of
$124,200 for a family, and
$73,600 for a single person is recommended.
What does A.I. say about Teterboro?
The cost of living in 07608 Teterboro, NJ is generally higher than the rest of the country. According to BestPlaces.net, the cost of living index in this area is 119.9, which is 19.9% higher than the US national average. This means that housing, groceries, healthcare, and transportation all tend to be more expensive in Teterboro when compared to other areas of the United States. Rent is especially high; one bedroom apartments average around $1,890 per month while a three bedroom apartment averages around $2,700 per month. Despite its high cost of living compared to other parts of America, residents can take advantage of its close proximity to major cities like New York City and Newark with plenty of public transportation options available for easy commuting.