Cost of Living in New brunswick, NJ
Housing
The housing market plays a significant role in determining the cost of living in New brunswick, NJ.
- Housing Index: 120.0 / 100
- Median Home Price is: $305000
- Average Rent (2 BR Apartment): $2300 per month
- Average Rent (2 BR House): $2400 per month
When considering a move to New brunswick, NJ, you'll find that the housing index stands at 120.0, indicating a slightly higher cost of living compared to the national average. The median home price of 305000 suggests a decent investment opportunity, especially in a competitive market. For renters, the average rent for a 2-bedroom apartment is 2300, while a 2-bedroom house will set you back about 2400. This indicates a vibrant rental market, perfect for those who prefer flexibility. Be sure to weigh these costs against your budget and lifestyle needs before making your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in New brunswick, 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 New brunswick, 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 New brunswick is a financially viable option for your relocation.