Cost of Living in Hackensack, NJ
Housing
The housing market plays a significant role in determining the cost of living in Hackensack, NJ.
- Housing Index: 125.0 / 100
- Median Home Price is: $493,500
- Average Rent (2 BR Apartment): $2400 per month
- Average Rent (2 BR House): $2480 per month
If you're considering a move to Hackensack, NJ, the current housing market presents interesting dynamics. With a housing index of 125.0, it reflects a relatively high demand in the area. The median home price stands at 493500, positioning it as an investment opportunity, albeit at a premium. For renters, expectations are set at an average of 2400 for a 2-bedroom apartment and 2480 for a 2-bedroom house. Understanding these figures is crucial, as they influence not just living costs but also lifestyle choices in this vibrant community.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hackensack, 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 Hackensack, 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 Hackensack is a financially viable option for your relocation.