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: $485000
• 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 115.2

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $105000

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Lyndhurst, NJ, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.