Cost of Living in Riverdale, NJ
Housing
The housing market plays a significant role in determining the cost of living in Riverdale, NJ.
- Housing Index: 120.0 / 100
- Median Home Price is: $467,000
- Average Rent (2 BR Apartment): $2100 per month
- Average Rent (2 BR House): $2150 per month
Considering the data for Riverdale, NJ, the housing index stands at 120.0, indicating a higher than average cost of living in the area. The median home price is substantial at 467000, making home ownership a considerable investment. Rental prices are also notable, with an average of 2100 for a 2-bedroom apartment and 2150 for a 2-bedroom house. Prospective movers should weigh the potential for property value appreciation against these costs. Additionally, check local amenities and job market trends as these can further affect living conditions and future financial stability.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Riverdale, 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 Riverdale, 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 Riverdale is a financially viable option for your relocation.