Cost of Living in Cliffwood, NJ
Housing
The housing market plays a significant role in determining the cost of living in Cliffwood, NJ.
- Housing Index: 120.0 / 100
- Median Home Price is: $396,000
- Average Rent (2 BR Apartment): $2300 per month
- Average Rent (2 BR House): $2400 per month
In analyzing the real estate and rental market data for Cliffwood, NJ, we see a housing index of 120.0, indicating that the market is considerably above the national average. The median home price is 396000, positioning homeownership as a significant investment. Meanwhile, renting a 2-bedroom apartment averages 2300, while a house costs about 2400. This situation highlights the possibility of a competitive market, offering potential renters and buyers prime opportunities, but it also warrants careful financial consideration. Housing choices will profoundly impact your budget and lifestyle in the long term.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Cliffwood, 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.): $280 per month
Living in Cliffwood, 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 $280 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 Cliffwood is a financially viable option for your relocation.