Cost of Living in Teaneck, NJ
Housing
The housing market plays a significant role in determining the cost of living in Teaneck, NJ.
- Housing Index: Data is updating
- Median Home Price is: $435,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering a move to Teaneck, NJ? The current housing index is registering at 0.0, indicating possible market fluctuations. Interestingly, while the median home price is set at 435000, it would be essential to explore local amenities and community lifestyle. However, no average rent data for 2-bedroom apartments or houses was available, which may suggest a limited rental market. Potential buyers should research further on the cost of living and establish the overall viability of investing here versus renting, as both factors significantly impact long-term financial decisions.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Teaneck, 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 Teaneck, 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 Teaneck is a financially viable option for your relocation.