Cost of Living in Cranford, NJ
Housing
The housing market plays a significant role in determining the cost of living in Cranford, NJ.
- Housing Index: 118.8 / 100
- Median Home Price is: $480,000
- Average Rent (2 BR Apartment): $2915 per month
- Average Rent (2 BR House): $3168 per month
Considering a move to Cranford, NJ? With a housing index of 118.8, it's essential to note that housing is more expensive compared to the national average. The median home price is substantial at 480000, reflecting high demand. Renting also comes with its costs, as the average rent for a 2-bedroom apartment is 2915, and a house averages 3168. When planning your relocation, consider your budget and personal preferences, as the housing costs here might determine whether it's an affordable option for you.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Cranford, 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 Cranford, 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 Cranford is a financially viable option for your relocation.