Cost of Living in Berlin, NJ
Housing
The housing market plays a significant role in determining the cost of living in Berlin, NJ.
- Housing Index: 118.8 / 100
- Median Home Price is: $327,400
- Average Rent (2 BR Apartment): $2586 per month
- Average Rent (2 BR House): $2811 per month
In Berlin, NJ, the housing market reflects unique trends, showing a housing index of 118.8, which may suggest challenges in affordability or supply. The median home price is set at 327400, indicative of a moderate investment for prospective buyers. However, with both average rent prices for 2-bedroom apartments and houses being 2586 and 2811 respectively, there's noticeable uncertainty in rental viability. This scenario serves as a crucial reminder to evaluate long-term financial goals alongside the current housing climate before making your moving decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Berlin, 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.): $261 per month
Living in Berlin, 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 $261 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 Berlin is a financially viable option for your relocation.