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Cost of Living in ZIP 08889

Is it better to rent or buy in ZIP 08889? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$178,137
$1,702/mo

Median in area: $1,702

$618,055

Median in area: $618,055

$123,611

If you Rent

$1,902 /mo
Base Rent$1,702
Est. Utilities$200
% of Income12.8%
Pre-tax Residual$12,943

If you Buy

$4,421 /mo
P&I (6.801%)$3,224
Taxes & Ins$997
Est. Utilities$200
% of Income29.8%
Pre-tax Residual$10,424

Cost of Living FAQs

Is it cheaper to rent or buy in ZIP 08889?›

Based on median housing data, renting is currently more affordable on a monthly basis in ZIP 08889. The estimated all-in monthly cost for renting is $1,902, while owning a median-priced home with a 20% down payment is roughly $4,421 per month (a difference of $2,519).

How much do utilities cost in ZIP 08889?›

The average monthly utility cost (electricity and natural gas) for a typical home in ZIP 08889 is approximately $200. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in ZIP 08889?›

To comfortably afford the median rent and utilities in ZIP 08889 without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $76,080 per year.