Cost of Living in Closter, NJ
Housing
The housing market plays a significant role in determining the cost of living in Closter, NJ.
- Housing Index: 130.0 / 100
- Median Home Price is: $664,000
- Average Rent (2 BR Apartment): $2800 per month
- Average Rent (2 BR House): $2900 per month
When considering a move to Closter, NJ, it's important to look at the housing index, currently at 130.0. The median home price stands at 664000, which indicates a competitive market, reflecting a strong demand. Additionally, rental costs are relatively high, with the average rent for a 2-BR apartment at 2800 and a 2-BR house at 2900. This suggests that affordability may be a concern here, especially for newcomers. If budget is a significant factor in your decision-making process, you might need to explore alternative housing options or neighborhoods.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Closter, 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 Closter, 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 Closter is a financially viable option for your relocation.