Housing costs in Malaga?
A typical home costs
$246,100, which is 27.2% less expensive than the national average of
$338,100 and 43.0% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Malaga costs
$1,670 per month, which is 16.8% more than the national average of
$1,430 and 2.4% cheaper than the state average of
$1,710.
Can I afford Malaga?
To live comfortably in Malaga (zip 08328), New Jersey, a minimum annual income of
$47,160 for a family, and
$55,200 for a single person is recommended.
What does A.I. say about Malaga?
The cost of living in 08328 Malaga, NJ is quite reasonable. Property taxes are among the lowest in the state. The median home price is about $158,400 according to NeighborhoodScout, and rent for a one bedroom apartment averages around $750/month. Groceries are also reasonably priced with no sales tax on food. Overall, living in Malaga is very affordable compared to other areas in New Jersey.