Cost of Living in Malaga, NJ
Housing
The housing market plays a significant role in determining the cost of living in Malaga, NJ.
- Housing Index: 118.8 / 100
- Median Home Price is: Data is updating
- Average Rent (2 BR Apartment): $2586 per month
- Average Rent (2 BR House): $2811 per month
The data for Malaga, NJ, indicates a housing index of 118.8, which can imply significant concerns regarding the real estate market stability or lack of available data. With a median home price of 0, it may signal affordability issues whether purchasing or renting. Indeed, the average rent for a 2-bedroom apartment is 2586, and for houses, it's 2811. Consider researching the local economy and amenities, as these factors significantly impact housing demand and should play a vital role in your decision-making process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Malaga, 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 Malaga, 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 Malaga is a financially viable option for your relocation.