Housing costs in Penns Grove?
A typical home costs
$136,900, which is 59.5% less expensive than the national average of
$338,100 and 68.3% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Penns Grove costs
$1,450 per month, which is 1.4% more than the national average of
$1,430 and 17.9% cheaper than the state average of
$1,710.
Can I afford Penns Grove?
To live comfortably in Penns Grove, New Jersey, a minimum annual income of
$26,280 for a family, and
$48,000 for a single person is recommended.
What does A.I. say about Penns Grove?
Penns Grove, NJ is a great place to live with a relatively low cost of living. While housing prices can be slightly higher than the US average, the median home price is around $100,000 and there are plenty of rental options available. Other expenses such as groceries, transportation and utilities are also reasonably priced making it a very affordable place to live. There are also several job opportunities in town, making it an ideal place for those looking to relocate or start a family.