Cost of Living in Barrington, NJ
Housing
The housing market plays a significant role in determining the cost of living in Barrington, NJ.
- Housing Index: 115.0 / 100
- Median Home Price is: $236,000
- Average Rent (2 BR Apartment): $2100 per month
- Average Rent (2 BR House): $2180 per month
Considering your move to Barrington, NJ, the housing index stands at 115.0, indicating housing costs are higher than the national average. With a median home price of 236000, homeownership could be a feasible option, especially if you plan on staying long-term. Renting offers slightly varied options, with the average rent for a 2-bedroom apartment at 2100 and a house at 2180. It's essential to evaluate your budget, as these rental rates can impact your financial stability. Additionally, local amenities and job opportunities should factor into your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Barrington, 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 Barrington, 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 Barrington is a financially viable option for your relocation.