Cost of Living in Vernon, NJ
Housing
The housing market plays a significant role in determining the cost of living in Vernon, NJ.
- Housing Index: 105.0 / 100
- Median Home Price is: $350,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1875 per month
When considering a move to Vernon, NJ, the housing index of 105.0 suggests that the market is slightly above the national average, which can impact overall affordability. The median home price of 350000 positions homeownership as a viable option for many buyers, while average rents for a 2-bedroom apartment are at 1800 and for a 2-bedroom house at 1875. It's important to assess your budget and lifestyle preferences. Additionally, evaluating the local employment rates and school districts can further inform your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Vernon, 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 Vernon, 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 Vernon is a financially viable option for your relocation.