Housing costs in Lakewood?
A typical home costs
$542,900, which is 60.6% more expensive than the national average of
$338,100 and 25.6% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Lakewood costs
$1,370 per month, which is 4.2% cheaper than the national average of
$1,430 and 24.8% cheaper than the state average of
$1,710.
Can I afford Lakewood?
To live comfortably in Lakewood (zip 08701), New Jersey, a minimum annual income of
$104,040 for a family, and
$44,000 for a single person is recommended.
What does A.I. say about Lakewood?
The cost of living in 08701 Lakewood, NJ is slightly higher than the national average. Although housing is relatively expensive, there are a number of inexpensive restaurants and grocery stores in the area. The median home price is around $229,000 and the median rent for an apartment in 08701 is approximately $1,500 per month. Other costs such as transportation and utilities are also higher than the average for other areas. However, this area boasts a vibrant culture with plenty of activities to do which makes it a desirable place to live.