Housing costs in Raritan?
A typical home costs
$405,000, which is 19.8% more expensive than the national average of
$338,100 and 6.3% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Raritan costs
$2,040 per month, which is 42.7% more than the national average of
$1,430 and 16.2% more than the state average of
$1,710.
Can I afford Raritan?
To live comfortably in Raritan, New Jersey, a minimum annual income of
$77,760 for a family, and
$64,400 for a single person is recommended.
What does A.I. say about Raritan?
The cost of living in Raritan borough, NJ is quite affordable compared to the national average. The median home price in the area is approximately $307,000, which is slightly lower than the state median. Additionally, the unemployment rate is an incredibly low 2.2%, a full percentage point lower than the national average. This low unemployment rate suggests that there are plenty of jobs available locally and that wages tend to be higher than other areas. Gas prices are also lower than the national average and groceries and healthcare costs are very reasonable here. Overall living in Raritan borough, NJ offers affordable housing costs and other related expenses for those looking for a place to call home.