Cost of Living in Harrison, NJ
Housing
The housing market plays a significant role in determining the cost of living in Harrison, NJ.
- Housing Index: 125.4 / 100
- Median Home Price is: $420,000
- Average Rent (2 BR Apartment): $2400 per month
- Average Rent (2 BR House): $2457 per month
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.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Harrison, 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 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 Harrison is a financially viable option for your relocation.