Cost of Living in Runnemede, NJ
Housing
The housing market plays a significant role in determining the cost of living in Runnemede, NJ.
- Housing Index: 110.0 / 100
- Median Home Price is: $275,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1648 per month
When considering a move to Runnemede, NJ, the current housing index of 110.0 indicates that costs are slightly above the national average. The median home price of 275000 presents an affordable opportunity for homebuyers compared to other urban areas. However, the rental market reflects higher trends, with the average rent for a 2BR apartment at 1800 and for a 2BR house at 1648. Keep in mind that new developments and local amenities could further influence these figures and might enhance the desirability of living in this area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Runnemede, 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.): $250 per month
Living in Runnemede, 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 $250 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 Runnemede is a financially viable option for your relocation.