Housing costs in Whippany?
A typical home costs
$578,400, which is 71.1% more expensive than the national average of
$338,100 and 33.9% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Whippany costs
$2,290 per month, which is 60.1% more than the national average of
$1,430 and 25.3% more than the state average of
$1,710.
Can I afford Whippany?
To live comfortably in Whippany (zip 07981), New Jersey, a minimum annual income of
$110,880 for a family, and
$76,000 for a single person is recommended.
What does A.I. say about Whippany?
The cost of living in 07981 Whippany, NJ is quite high compared to the national average, with an overall cost of living index of nearly 20% higher than the US average. Housing costs are particularly expensive, with the median home price being around $550,000, more than double the national median. Groceries and healthcare are also slightly above average when compared to other parts of the country. On the other hand, utilities and transportation expenses are slightly below average for this area. Overall, 07981 Whippany, NJ is a relatively costly place to live.