Housing costs in Elizabeth?
A typical home costs
$458,100, which is 35.5% more expensive than the national average of
$338,100 and 6.0% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Elizabeth costs
$1,540 per month, which is 9.9% cheaper than the national average of
$1,710 and 40.9% cheaper than the state average of
$2,170.
Can I afford Elizabeth?
To live comfortably in Elizabeth (zip 07208), New Jersey, a minimum annual income of
$87,840 for a family, and
$51,600 for a single person is recommended.
What does A.I. say about Elizabeth?
The cost of living in 07208 Elizabeth, NJ is relatively high compared to other parts of the state. The median home price in this zip code is around $280,000 and the average rent for a one-bedroom apartment is just over $1,000 per month. The taxes can also be quite high due to the high property values in this area. Groceries and other necessities are also more expensive than they would be in other parts of New Jersey. All in all, 07208 Elizabeth, NJ can be quite an expensive place to live - however for those who are looking for a safe and desirable neighborhood it can definitely offer some great amenities.