Zip 07885 (Wharton, NJ) Cost of Living


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with insight into cost of living, crime, climate, and more.
How much do I need to live in Wharton, New Jersey?
$6,030 / month
for a family, 11.7% more expensive than the national average A total of $72,360 for the year for a family.
$5,400 / month
for a single person, 13.3% more expensive than the national average A total of $64,800 for the year for a single person.

Wharton cost of living score
136.6
More expensive
36.6% higher
than the US average
14.0% higher
than the New Jersey average
Wharton (zip 07885), New Jersey gets a BestPlaces Cost of Living score of 136.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 36.6% higher than the U.S. average and 14.0% lower than the average for New Jersey.

Zip 07885 (Wharton, NJ)

Housing costs in Wharton?
A typical home costs $377,600, which is 11.7% more expensive than the national average of $338,100 and 12.6% less expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Wharton costs $1,950 per month, which is 14.0% more than the national average of $1,710 and 11.3% cheaper than the state average of $2,170.

Can I afford Wharton?
To live comfortably in Wharton (zip 07885), New Jersey, a minimum annual income of $72,360 for a family, and $64,800 for a single person is recommended.

What does A.I. say about Wharton?
The cost of living in 07885 Wharton, NJ is higher than the national average. The median home cost in Wharton is roughly around $350,000, which is about twice as much as the national median home price. The cost of groceries and health care are also higher than the national average. Furthermore, utilities are generally more expensive in Wharton due to the fact that there are limited public transportation options and a lack of renewable energy sources. All in all, living in 07885 Wharton, NJ can be quite expensive if you don't budget accordingly.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesWhartonNew JerseyUnited States
    Unlock119.8100.0
  104.4  Unlock100.0
    Unlock96.9100.0
  125.3  Unlock100.0
    Unlock$432,100$338,100
  101.7  Unlock100.0
    Unlock127.7100.0
  143.9  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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