Cost of Living in Dover, NJ
Housing
The housing market plays a significant role in determining the cost of living in Dover, NJ.
- Housing Index: 120.0 / 100
- Median Home Price is: $325,000
- Average Rent (2 BR Apartment): $2100 per month
- Average Rent (2 BR House): $2150 per month
When considering a move to Dover, NJ, the housing index of 120.0 indicates a relatively competitive market. The median home price of 325000 is higher than the national average, suggesting a robust real estate demand. Additionally, rentals are significant, with an average rent of 2100 for a 2-bedroom apartment and 2150 for a 2-bedroom house. It's beneficial to weigh these costs against local income levels, property taxes, and amenities, which can vary widely and impact your overall financial decisions.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Dover, 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 Dover, 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 Dover is a financially viable option for your relocation.