Housing costs in Newfoundland?
A typical home costs
$471,700, which is 39.5% more expensive than the national average of
$338,100 and 9.2% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Newfoundland costs
$1,700 per month, which is 18.9% more than the national average of
$1,430 and close to the state average of
$1,710.
Can I afford Newfoundland?
To live comfortably in Newfoundland (zip 07435), New Jersey, a minimum annual income of
$90,360 for a family, and
$58,400 for a single person is recommended.
What does A.I. say about Newfoundland?
The cost of living in 07435 Newfoundland, NJ is relatively low compared to other areas in the state. According to data from BestPlaces, the cost of living index is only around 71.2, which is significantly lower than the national average. The most significant affordability factor is housing, which is around 56.9, considerably less than the U.S. average of 100. Additionally, groceries and health costs are also both below the national averages at 89.3 and 90 respectively.