Cost of Living in Lyndhurst, NJ
Housing
The housing market plays a significant role in determining the cost of living in Lyndhurst, NJ.
- Housing Index: 120.0 / 100
- Median Home Price is: $485,000
- Average Rent (2 BR Apartment): $2200 per month
- Average Rent (2 BR House): $2256 per month
Considering a move to Lyndhurst, NJ? With a housing index of 120.0, this location indicates a higher cost of living compared to the national average. The median home price sits at 485000, making homeownership a significant investment. Additionally, you can expect to pay around 2200 for a 2-bedroom apartment and 2256 for a 2-bedroom house. It's essential to factor in local amenities and job opportunities as you weigh your options, as these can greatly impact your overall living experience and financial stability.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lyndhurst, 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 Lyndhurst, 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 Lyndhurst is a financially viable option for your relocation.