Cost of Living in South river, NJ
Housing
The housing market plays a significant role in determining the cost of living in South river, NJ.
- Housing Index: 120.0 / 100
- Median Home Price is: $330000
- Average Rent (2 BR Apartment): $2400 per month
- Average Rent (2 BR House): $2500 per month
In South river, NJ, the housing market is moderately high with a housing index of 120.0, indicating relative affordability challenges. The median home price stands at 330000, which is above the national average, making homeownership potentially less accessible. Monthly rents are similarly steep, averaging 2400 for a 2-bedroom apartment and 2500 for a 2-bedroom house. Prospective movers should consider these costs against their budget and weigh factors like local amenities and job market strength, as these can significantly impact long-term satisfaction in their new home.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in South river, 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 river, 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 South river is a financially viable option for your relocation.