Cost of Living in Trenton, NJ
Housing
The housing market plays a significant role in determining the cost of living in Trenton, NJ.
- Housing Index: 110.0 / 100
- Median Home Price is: $271,000
- Average Rent (2 BR Apartment): $2000 per month
- Average Rent (2 BR House): $2240 per month
Considering a move to Trenton, NJ? The current housing index stands at 110.0, which suggests a moderately competitive market. With a median home price of 271000, purchasing a home could be a viable investment. While the average rent for a 2-bedroom apartment is 2000, the average rent for a 2-bedroom house is slightly higher at 2240. Depending on your lifestyle and housing preferences, you may find that buying a home could, in the long run, be more economical than continuing to rent. Always evaluate your budget and financial goals when deciding.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Trenton, 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 Trenton, 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 Trenton is a financially viable option for your relocation.