Housing costs in Orange?
A typical home costs
$354,900, which is 5.0% more expensive than the national average of
$338,100 and 17.9% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Orange costs
$1,540 per month, which is 7.7% more than the national average of
$1,430 and 11.0% cheaper than the state average of
$1,710.
Can I afford Orange?
To live comfortably in Orange (zip 07050), New Jersey, a minimum annual income of
$68,040 for a family, and
$51,600 for a single person is recommended.
What does A.I. say about Orange?
The cost of living in Orange, NJ 07050 is significantly higher than the average cost of living in the United States. According to research from BestPlaces.net, the cost of living index for Orange is almost 25 points higher than the national average. This means that basic necessities such as housing, groceries, and transportation will likely be more expensive than other cities in the country. Prices of goods and services are typically higher due to the close proximity to New York City, which has an extremely high cost of living. However, despite the slightly higher prices Orange offers a range of amenities and activities for residents that make it worth it for many people.