Cost of Living in Clark, NJ
Housing
The housing market plays a significant role in determining the cost of living in Clark, NJ.
- Housing Index: 120.0 / 100
- Median Home Price is: $462,000
- Average Rent (2 BR Apartment): $2300 per month
- Average Rent (2 BR House): $2500 per month
Considering a move to Clark, NJ? With a housing index of 120.0, it's clear this locale is priced above the national average, making homeownership potentially costly. The median home price stands at 462000, coupled with average rent prices of 2300 for apartments and 2500 for houses. If you're upsizing or seeking more space, renting might prove slightly less expensive than buying. It's vital to assess your long-term financial goals here, including local job market dynamics and community amenities that can impact your living experience beyond sheer costs.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Clark, 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.): $280 per month
Living in Clark, 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 $280 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 Clark is a financially viable option for your relocation.