The housing market plays a significant role in determining the cost of living in Harrison, NJ.
In Harrison, NJ, the housing index stands at 125.4, indicating a competitive market. The median home price is 420000, which points to an investment that could appreciate over time, depending on market trends. The average rent for a 2-bedroom apartment is 2400, while renting a 2-bedroom house costs about 2457. Given these rental costs, purchasing a home may offer long-term financial benefits. Furthermore, consider factors like job opportunities and local amenities that can impact your quality of life in this vibrant area.
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Harrison, NJ.
Living in Harrison, 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.
The cost of living index is a widely used metric to determine the relative affordability of cities and towns.
The median income is an important factor to consider when evaluating the affordability of a city or town.
Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.
When considering a move to Harrison, NJ, consider the following factors: