Cost of Living in Newton, NJ
Housing
The housing market plays a significant role in determining the cost of living in Newton, NJ.
- Housing Index: 118.8 / 100
- Median Home Price is: $309,000
- Average Rent (2 BR Apartment): $2586 per month
- Average Rent (2 BR House): $2811 per month
In analyzing the housing data for Newton, NJ, it's important to note that while the median home price stands at an attractive 309000, the housing index and rental prices for both 2-bedroom apartments and houses are currently reported as 0. This could indicate either a lack of available housing stock or insufficient market activity. If you're considering relocating to Newton, it would be wise to investigate local market trends, determine the availability of rental options, and assess other affordability factors, as a stable real estate market is essential for long-term decision-making.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Newton, 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 Newton, 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 Newton is a financially viable option for your relocation.