Housing costs in Rio Grande?
A typical home costs
$312,500, which is 7.6% less expensive than the national average of
$338,100 and 27.7% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Rio Grande costs
$1,430 per month, which is 0.0% cheaper than the national average of
$1,430 and 19.6% cheaper than the state average of
$1,710.
Can I afford Rio Grande?
To live comfortably in Rio Grande (zip 08242), New Jersey, a minimum annual income of
$59,760 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about Rio Grande?
The cost of living in Rio Grande, NJ is relatively high compared to other areas in the state. Although housing and utilities are less expensive than the national average, food costs, transportation costs and healthcare expenses are all above the national average. The median home price for the area is $245,000, significantly higher than the state median home price of $180,000. Transportation costs are also higher than most of New Jersey with an average commute time of 26 minutes. Grocery prices are noticeably more expensive than surrounding towns with fresh produce costing 10-20% more on average. Healthcare is also pricey with a monthly health insurance premium that can range from $400-$600 per month for a family of four depending on coverage chosen.