Housing costs in Cranbury?
A typical home costs
$613,800, which is 81.5% more expensive than the national average of
$338,100 and 42.1% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Cranbury costs
$1,730 per month, which is 21.0% more than the national average of
$1,430 and close to the state average of
$1,710.
Can I afford Cranbury?
To live comfortably in Cranbury (zip 08512), New Jersey, a minimum annual income of
$117,720 for a family, and
$54,800 for a single person is recommended.
What does A.I. say about Cranbury?
The cost of living in 08512 Cranbury, NJ is slightly higher than the US average. According to BestPlaces, Cranbury has an overall cost of living index of 112.7 which is 12.7% higher than the US average. Housing prices are particularly high due to the area's desirability with a median home price of $487,906. The median rent for a one-bedroom apartment in Cranbury is $1,619 per month. Transportation options are also pricey as both gas and public transit costs are above the national average. Despite this, grocery expenses are about on par with the national average. All in all, while it can be expensive to live in 08512 Cranbury, NJ it offers many benefits that make up for the higher cost of living.