Cost of Living in Lake hiawatha, NJ
Housing
The housing market plays a significant role in determining the cost of living in Lake hiawatha, NJ.
- Housing Index: Data is updating
- Median Home Price is: $360,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering a move to Lake hiawatha, NJ? The housing index here is remarkably low at 0.0, which typically indicates a buyer's market, making it a potentially excellent time to purchase real estate. The median home price is set at 360000, which suggests the city might appeal to first-time buyers looking for affordability. However, the absence of rental data, with average rent for a 2BR apartment and house recorded at 0.0 and 0.0 respectively, poses a concern for those considering renting. Investing now could offer long-term benefits as the market stabilizes.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lake hiawatha, NJ.
- Electricity Price: $19.88 USD (median by state)
- Natural Gas Price: $14.01 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Lake hiawatha, NJ could entail higher utility costs. Electricity costs sit at $19.88, while natural gas is priced at $14.01 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Lake hiawatha is a financially viable option for your relocation.