Housing costs in Fairfield?
A typical home costs
$611,800, which is 81.0% more expensive than the national average of
$338,100 and 41.6% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Fairfield costs
$2,450 per month, which is 71.3% more than the national average of
$1,430 and 30.2% more than the state average of
$1,710.
Can I afford Fairfield?
To live comfortably in Fairfield (zip 07004), New Jersey, a minimum annual income of
$117,360 for a family, and
$81,600 for a single person is recommended.
What does A.I. say about Fairfield?
Living in 07004 Fairfield, NJ can be expensive but is still affordable for many. The cost of living index for the city is approximately 112.1, which is higher than the national average. This means that goods and services are more expensive in this area than they would be nationally. Housing costs are generally high due to the proximity to New York City, with a median home value hovering around $432,500. Grocery, health care, transportation and utilities are also somewhat higher than other areas of the country but still fairly reasonable. Despite being one of the more expensive places to live in New Jersey, residents of 07004 Fairfield have access to great jobs, excellent schools and plenty of cultural activities.