Cost of Living in Wharton, NJ
Housing
The housing market plays a significant role in determining the cost of living in Wharton, NJ.
- Housing Index: 115.0 / 100
- Median Home Price is: $348,000
- Average Rent (2 BR Apartment): $2200 per month
- Average Rent (2 BR House): $2240 per month
When considering a move to Wharton, NJ, the local housing index of 115.0 indicates that the market is currently above the national average. With a median home price of 348000, potential buyers may find this area competitive. Meanwhile, the average rent for a 2-bedroom apartment at 2200 and a house at 2240 suggests that renting is also a viable option, although on the pricier side. Furthermore, consider local amenities and the job market, as they can significantly impact your overall living experience.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Wharton, 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 Wharton, 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 Wharton is a financially viable option for your relocation.