Housing costs in Lodi?
A typical home costs
$509,400, which is 50.7% more expensive than the national average of
$338,100 and 17.9% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Lodi costs
$1,720 per month, which is 20.3% more than the national average of
$1,430 and close to the state average of
$1,710.
Can I afford Lodi?
To live comfortably in Lodi, New Jersey, a minimum annual income of
$97,560 for a family, and
$59,600 for a single person is recommended.
What does A.I. say about Lodi?
The cost of living in Lodi, NJ is relatively low compared to other areas in the Northeast. The median home value in the town is around $300,000, which provides great value for those looking to buy a home in the area. Additionally, utilities are also relatively low with average costs for electricity and water being lower than both the national and state averages. Other costs such as groceries and transportation are also lower than most areas of the country due to its relative proximity to New York City. Overall, Lodi has an excellent cost of living that makes it an attractive option for people looking for a more affordable lifestyle.