Cost of Living in Midland park, NJ
Housing
The housing market plays a significant role in determining the cost of living in Midland park, NJ.
- Housing Index: Data is updating
- Median Home Price is: $540,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering a move to Midland park, NJ? The median home price stands at 540000, indicating the market might be competitive. However, the housing index suggests there's either a lack of successful sales or significant cooling in the market, as it is shown as 0.0. With both rental averages for a 2BR apartment as well as a 2BR house both at 0.0 and 0.0, indicating possible rent inflation now's a crucial time to assess your options. Research surrounding neighborhoods' amenities and future developments could prove beneficial in this decision-making process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Midland park, 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 Midland park, 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 Midland park is a financially viable option for your relocation.