Cost of Living in Maywood, NJ
Housing
The housing market plays a significant role in determining the cost of living in Maywood, NJ.
- Housing Index: 118.8 / 100
- Median Home Price is: $487,000
- Average Rent (2 BR Apartment): $2663 per month
- Average Rent (2 BR House): $2895 per month
Considering the provided data for Maywood, NJ, the housing index of 118.8 indicates a unique situation where the typical metrics for rental prices are not currently available. However, the median home price is notable at 487000. This suggests that purchasing a home may demand a significant investment despite rental options being unclear. Potential buyers should investigate issues like property taxes, local amenities, and future market trends to gain a complete understanding before making decisions. Researching neighborhoods within the city can also provide more tailored options that fit your financial and lifestyle needs.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Maywood, 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 Maywood, 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 Maywood is a financially viable option for your relocation.