Cost of Living in Raritan, NJ
Housing
The housing market plays a significant role in determining the cost of living in Raritan, NJ.
- Housing Index: Data is updating
- Median Home Price is: $375,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering a move to Raritan, NJ? With a median home price of 375000, homeownership may be within reach, particularly if you weigh the prospects of investing in real estate given the impactful housing indices. The zeros in average rent for both 2-bedroom apartments and houses signal an unusual market condition. Be conscious of the local economic situation and fluctuation trends, as they may indicate opportunities for future growth or caution depending on the overall demand. Continuous research is recommended to identify suitable living options in the area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Raritan, 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.): Data is updating
Living in Raritan, 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 data unavailable 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 Raritan is a financially viable option for your relocation.