Housing costs in New Providence?
A typical home costs
$703,100, which is 108.0% more expensive than the national average of
$338,100 and 62.7% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in New Providence costs
$2,160 per month, which is 51.0% more than the national average of
$1,430 and 20.8% more than the state average of
$1,710.
Can I afford New Providence?
To live comfortably in New Providence, New Jersey, a minimum annual income of
$134,640 for a family, and
$72,000 for a single person is recommended.
What does A.I. say about New Providence?
New Providence is a highly desirable place to live due to its excellent quality of life. With that being said, it does come with a cost. The cost of living in New Providence is quite high compared to the national average, with housing costs making up the majority of it. On average, rent in New Providence can range from $2,000 - $4,000 per month for a single bedroom apartment and significantly more for larger accommodations. Grocery stores and other retail establishments are also priced higher than average but overall New Providence is still an attractive option for those who can afford the higher costs associated with living there.