Cost of Living in Montclair, NJ
Housing
The housing market plays a significant role in determining the cost of living in Montclair, NJ.
- Housing Index: 118.8 / 100
- Median Home Price is: Data is updating
- Average Rent (2 BR Apartment): $2653 per month
- Average Rent (2 BR House): $2884 per month
Considering a move to Montclair, NJ? Current data indicates a housing index of 118.8, which suggests very affordable living conditions. The median home price stands at 0 — a significant advantage for potential homebuyers. Rent for a 2-bedroom apartment averages around 2653, and for a 2-bedroom house, it's 2884. It’s noteworthy that when exploring neighborhoods, understanding the local economy, and amenities can greatly impact your living experience. Overall, this quiet affordability might present a fantastic opportunity for settling down in Montclair.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Montclair, 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 Montclair, 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 Montclair is a financially viable option for your relocation.