Housing costs in East Millstone?
A typical home costs
$569,700, which is 68.5% more expensive than the national average of
$338,100 and 31.8% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in East Millstone costs
$2,100 per month, which is 46.9% more than the national average of
$1,430 and 18.6% more than the state average of
$1,710.
Can I afford East Millstone?
To live comfortably in East Millstone, New Jersey, a minimum annual income of
$109,080 for a family, and
$66,400 for a single person is recommended.
What does A.I. say about East Millstone?
The cost of living in East Millstone, NJ is quite high compared to other areas in the state. Housing costs are some of the highest in the state, with median home prices around $600,000. This can be attributed to its close proximity to New York City and its desirable suburban lifestyle. Groceries and other day-to-day expenses are also more expensive than many other areas in New Jersey due to the higher cost of living. On average, residents in East Millstone spend at least 10% more on food and other common items than those living elsewhere in the state. Fortunately, there are various tax deductions available that help offset some of these costs for local residents.