Housing costs in Elizabeth?
A typical home costs
$412,700, which is 22.1% more expensive than the national average of
$338,100 and 4.5% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Elizabeth costs
$1,390 per month, which is 18.7% cheaper than the national average of
$1,710 and 56.1% cheaper than the state average of
$2,170.
Can I afford Elizabeth?
To live comfortably in Elizabeth (zip 07206), New Jersey, a minimum annual income of
$79,200 for a family, and
$46,400 for a single person is recommended.
What does A.I. say about Elizabeth?
The cost of living in 07206 Elizabeth, NJ is relatively high compared to other places in the United States. The median home price is $292,400, which is 19% higher than the average across the country. Additionally, the cost of basic goods and services such as groceries and transportation are also significantly higher than in other locations. The overall cost of living in 07206 Elizabeth, NJ is 27% higher than the national average. This makes it a desirable place to live for many people who are willing to pay a premium for access to top-notch amenities and culture that the city has to offer.