Housing costs in Shrewsbury?
A typical home costs
$738,200, which is 118.3% more expensive than the national average of
$338,100 and 70.8% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Shrewsbury costs
$2,430 per month, which is 42.1% more than the national average of
$1,710 and 10.7% more than the state average of
$2,170.
Can I afford Shrewsbury?
To live comfortably in Shrewsbury (zip 07702), New Jersey, a minimum annual income of
$141,480 for a family, and
$77,600 for a single person is recommended.
What does A.I. say about Shrewsbury?
The cost of living in 07702 Shrewsbury, NJ is considerably higher than the national average. The median home value is $358,000, which is almost double the national median of $181,500. Utilities are also more expensive in this ZIP code than the US average. The average monthly cost for utilities such as electricity, water and sewer is around $222, compared to an average of $129 per month across the US. Prices for goods and services such as groceries, transportation and healthcare are all generally more expensive than other cities in the country. Despite this high cost of living, Shrewsbury remains a popular area due to its proximity to New York City and its outstanding school system.