Cost of Living in Pompton lakes, NJ
Housing
The housing market plays a significant role in determining the cost of living in Pompton lakes, NJ.
- Housing Index: 120.0 / 100
- Median Home Price is: $450,000
- Average Rent (2 BR Apartment): $2300 per month
- Average Rent (2 BR House): $2400 per month
When considering a move to Pompton lakes, NJ, the housing index currently stands at 120.0, indicating a moderately expensive market compared to the national average. With a median home price of 450000 and average rents of 2300 for a two-bedroom apartment and 2400 for a house, potential residents should weigh their options carefully. It's important to note that an investment here might yield long-term benefits, especially as housing markets often appreciate. Researching local amenities and job opportunities can also enhance 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 Pompton lakes, 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 Pompton lakes, 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 Pompton lakes is a financially viable option for your relocation.