Housing costs in Princeton Junction?
A typical home costs
$804,900, which is 138.1% more expensive than the national average of
$338,100 and 86.3% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Princeton Junction costs
$2,510 per month, which is 75.5% more than the national average of
$1,430 and 31.9% more than the state average of
$1,710.
Can I afford Princeton Junction?
To live comfortably in Princeton Junction (zip 08550), New Jersey, a minimum annual income of
$154,080 for a family, and
$76,800 for a single person is recommended.
What does A.I. say about Princeton Junction?
The cost of living in 08550 Princeton Junction, NJ is generally quite high. The median home value in the area is around $539,000, and the median rent for a one-bedroom apartment is nearly $1,800 per month. There are many amenities available including great schools, shopping, dining, and entertainment options. Groceries can be costly due to the higher prices of certain fresh items such as produce and meats. Residents may also find it difficult to afford transportation costs as gas prices and public transportation fares can be expensive. Despite this expense, residents still benefit from a lower state income tax rate than other nearby states.