Cost of Living in South plainfield, NJ

Housing

The housing market plays a significant role in determining the cost of living in South plainfield, NJ.

• Housing Index: 120.0 / 100
• Median Home Price is: $360000
• Average Rent (2 BR Apartment): $2200 per month
• Average Rent (2 BR House): $2256 per month

When considering a move to South plainfield, NJ, it's important to note that the housing index stands at 120.0, indicating that it is above the national average. With a median home price of 360000, purchasing a home is a significant investment, especially compared to the average rent of 2200 for a 2-bedroom apartment or 2256 for a 2-bedroom house. This reveals that while rental prices are relatively high, buying a home may be a more financially sound long-term option. Factor in local amenities and job markets to make an informed choice.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in South plainfield, 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 South plainfield, 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 115.3

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $123417

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to South plainfield, NJ, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.