Cost of Living in Englewood, NJ
Housing
The housing market plays a significant role in determining the cost of living in Englewood, NJ.
- Housing Index: 118.8 / 100
- Median Home Price is: $425,000
- Average Rent (2 BR Apartment): $2773 per month
- Average Rent (2 BR House): $3014 per month
Based on the data for Englewood, NJ, with a 118.8 index of 0.0 and a median home price of 425000, it appears affordability may be a significant concern for prospective buyers. Note that without rental data—2773 and 3014—we cannot analyze the rental market comprehensively. However, aspiring residents should be mindful of the potential financial strain that homeownership may present in this market. Consideration of historical trends, job availability, and amenities can further assist in making an informed decision before relocating.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Englewood, 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 Englewood, 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 Englewood is a financially viable option for your relocation.