Cost of Living in Clinton, NJ
Housing
The housing market plays a significant role in determining the cost of living in Clinton, NJ.
- Housing Index: 118.8 / 100
- Median Home Price is: $400,000
- Average Rent (2 BR Apartment): $2586 per month
- Average Rent (2 BR House): $2811 per month
Analyzing the current real estate market in Clinton, NJ, we note the housing index stands at 118.8, indicating potential stagnation or an emerging opportunity for future growth. The median home price is set at 400000, offering buyers a stable investment. However, with both the average rent for a 2BR apartment and house currently at 2586 and 2811 respectively, the rental market awaits clarity—pointing toward investment opportunities, or an exceedingly affordable transition to homeownership. Keep in mind adjacent areas may have higher activity levels that could influence these statistics over time.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Clinton, 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 Clinton, 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 Clinton is a financially viable option for your relocation.