Cost of Living in Clifton, NJ

Housing

The housing market plays a significant role in determining the cost of living in Clifton, NJ.

• Housing Index: 120.0 / 100
• Median Home Price is: $504000
• Average Rent (2 BR Apartment): $2300 per month
• Average Rent (2 BR House): $2400 per month

In analyzing the housing market in Clifton, NJ, the current housing index stands at 120.0, indicating that property costs are above the national average. The median home price of 504000 reflects a competitive market. Renting a 2-bedroom apartment averages about 2300, while a house rental is slightly higher at 2400. High rental prices may signal a growing demand in the area. For those considering a move, weigh these costs against local employment opportunities and lifestyle amenities to ensure a well-rounded decision.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Clifton, 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 Clifton, 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 115.8

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $94179

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Clifton, NJ, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.