Cost of Living in Kearny, NJ
Housing
The housing market plays a significant role in determining the cost of living in Kearny, NJ.
- Housing Index: 118.8 / 100
- Median Home Price is: $402,500
- Average Rent (2 BR Apartment): $1933 per month
- Average Rent (2 BR House): $2101 per month
Considering a move to Kearny, NJ involves evaluating the current housing landscape. The housing index of 118.8 indicates that the market is relatively competitive compared to the national average. A median home price of 402500 suggests you should be prepared for a significant investment in ownership. Additionally, the average rent for a 2-bedroom apartment is 1933, while a house averages 2101, indicating a premium for living in larger, detached accommodations. Research local amenities and job opportunities to determine if the investment aligns with your lifestyle and financial goals.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Kearny, 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 Kearny, 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 Kearny is a financially viable option for your relocation.