Housing costs in New Vernon?
A typical home costs
$0, which is 100.0% less expensive than the national average of
$338,100 and 100.0% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in New Vernon costs
$2,190 per month, which is 53.1% more than the national average of
$1,430 and 21.9% more than the state average of
$1,710.
Can I afford New Vernon?
To live comfortably in New Vernon, New Jersey, a minimum annual income of
$421,560 for a family, and
$71,600 for a single person is recommended.
What does A.I. say about New Vernon?
The cost of living in New Vernon, NJ is comparable to the US average. According to recent data, the median house value in New Vernon is close to the US average of $338,100, and the cost of living index is also close to 100. This suggests that New Vernon's cost of living is reasonably priced and in line with national averages for similar cities. As such, it can be a great place to live for people looking for an affordable cost of living without sacrificing quality of life.