Cost of Living in Long valley, NJ
Housing
The housing market plays a significant role in determining the cost of living in Long valley, NJ.
- Housing Index: 118.8 / 100
- Median Home Price is: $532,000
- Average Rent (2 BR Apartment): $2586 per month
- Average Rent (2 BR House): $2811 per month
Based on the provided data for Long valley, NJ, the median home price stands at a significant 532000, which may indicate a competitive housing market. However, with a housing index of 118.8, there seems to be potential low rental availability, as both the average rent for a 2-bedroom apartment and a 2-bedroom house are recorded at 2586 and 2811, respectively. This scenario may suggest that prospective buyers should evaluate their budget carefully, as buying a home could provide more stability compared to rental options in this market.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Long valley, 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 Long valley, 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 Long valley is a financially viable option for your relocation.