Housing costs in Dorchester?
A typical home costs
$196,100, which is 42.0% less expensive than the national average of
$338,100 and 54.6% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Dorchester costs
$1,440 per month, which is 0.7% more than the national average of
$1,430 and 18.8% cheaper than the state average of
$1,710.
Can I afford Dorchester?
To live comfortably in Dorchester (zip 08316), New Jersey, a minimum annual income of
$37,440 for a family, and
$44,800 for a single person is recommended.
What does A.I. say about Dorchester?
The cost of living in 08316 Dorchester, NJ is quite high compared to the national average. It has a median home value of $177,400 which is significantly higher than the national median home value of $184,700. This is due to the fact that Dorchester is located close to major metropolitan cities such as Philadelphia and Atlantic City. The median household income for the city is $56,959, slightly above the national average. Grocery prices are also higher in this area as well as utility costs. Overall, living in 08316 Dorchester can be expensive but it provides its residents with access to great amenities and attractions nearby.