Cost of Living in Metuchen, NJ
Housing
The housing market plays a significant role in determining the cost of living in Metuchen, NJ.
- Housing Index: 125.0 / 100
- Median Home Price is: $429,000
- Average Rent (2 BR Apartment): $2400 per month
- Average Rent (2 BR House): $2500 per month
Considering a move to Metuchen, NJ? The current housing index stands at 125.0, indicating a relatively competitive market. With median home prices hitting 429000 and the average rent for a 2-bedroom apartment at 2400—or a 2-bedroom house at 2500—affordability may be a concern. While the area's amenities, schools, and lifestyle options can add value, thorough financial planning should guide your decision. Additionally, comparing with other nearby markets may reveal unique opportunities or challenges. Be well-informed before making the leap!
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Metuchen, 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.): $280 per month
Living in Metuchen, 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 $280 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 Metuchen is a financially viable option for your relocation.