Housing costs in Springfield township?
A typical home costs
$610,500, which is 80.6% more expensive than the national average of
$338,100 and 41.3% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Springfield township costs
$2,270 per month, which is 58.7% more than the national average of
$1,430 and 24.7% more than the state average of
$1,710.
Can I afford Springfield township?
To live comfortably in Springfield township, New Jersey, a minimum annual income of
$117,000 for a family, and
$75,600 for a single person is recommended.
What does A.I. say about Springfield township?
The cost of living in Springfield Township (Union County), NJ, is slightly higher than the national average. According to BestPlaces, the overall cost of living index in Springfield Township (Union County) is 114.9, which is 14.9 points higher than the U.S. average of 100 points. This means that general expenses such as groceries, goods and services are about 15% more expensive in Springfield Township (Union County) than they are nationally. The median home value in the township is also relatively high at $414,700 whereas the median household income in the township is $113,013, making it one of the more affluent communities in Union County.