Housing costs in Toms River?
A typical home costs
$440,300, which is 30.2% more expensive than the national average of
$338,100 and 1.9% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Toms River costs
$1,470 per month, which is 2.8% more than the national average of
$1,430 and 16.3% cheaper than the state average of
$1,710.
Can I afford Toms River?
To live comfortably in Toms River (zip 08755), New Jersey, a minimum annual income of
$84,240 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about Toms River?
The cost of living in 08755 Toms River, NJ is relatively affordable. According to the data from BestPlaces, the current cost of living index for Toms River stands at 87.34, which is slightly lower than the national average. The median rent in Toms River is also quite low compared to other cities in New Jersey and the United States as a whole. The median home price in Toms River is around $271,000, which makes it an ideal place for those looking to purchase a home or rent an apartment on a budget. Additionally, overall price levels are relatively low when compared to other areas in the state. This makes Toms River an ideal location for people who wish to have access to all that New Jersey has to offer while still keeping their budgets affordable.