Cost of Living in Marlboro, NJ
Housing
The housing market plays a significant role in determining the cost of living in Marlboro, NJ.
- Housing Index: 125.0 / 100
- Median Home Price is: $600,000
- Average Rent (2 BR Apartment): $2200 per month
- Average Rent (2 BR House): $2240 per month
When considering a move to Marlboro, NJ, it's essential to analyze the housing market carefully. With a housing index of 125.0, it indicates a relatively high demand for properties, while the median home price of 600000 suggests investment potential. Renting is also significant, with average rents for a 2BR apartment at 2200 and a 2BR house reaching 2240. This configuration might make buying a home preferable over renting. Overall, accessibility, local amenities, and job availability should also be part of your decision-making process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Marlboro, 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 Marlboro, 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 Marlboro is a financially viable option for your relocation.