Housing costs in Trenton?
A typical home costs
$220,700, which is 34.7% less expensive than the national average of
$338,100 and 48.9% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Trenton costs
$1,590 per month, which is 11.2% more than the national average of
$1,430 and 7.5% cheaper than the state average of
$1,710.
Can I afford Trenton?
To live comfortably in Trenton (zip 08638), New Jersey, a minimum annual income of
$42,120 for a family, and
$48,400 for a single person is recommended.
What does A.I. say about Trenton?
The cost of living in 08638 Trenton, NJ is relatively affordable compared to other areas in the state. The median home value is $152,400, which is lower than the national average of $227,025. In addition, residents can expect to pay an average of $1,568 for monthly rent and utilities. Property taxes are also low in this area with the median property tax rate at 1.79%, which is significantly lower than the state average of 2.27%. With plenty of amenities available nearby such as parks and shopping centers, paired with its affordability makes 08638 Trenton, NJ a great place for those seeking a more budget-friendly environment to live in.