Cost of Living in Ocean gate, NJ
Housing
The housing market plays a significant role in determining the cost of living in Ocean gate, NJ.
- Housing Index: 118.8 / 100
- Median Home Price is: $333,000
- Average Rent (2 BR Apartment): $2586 per month
- Average Rent (2 BR House): $2811 per month
Considering a move to Ocean gate, NJ? The housing index currently stands at 118.8, indicating a slightly above-average market. With a median home price of 333000, purchasing a home may be a viable investment. Alternatively, renting options are available, with an average rent of 2586 for a two-bedroom apartment and 2811 for a two-bedroom house. Given the trends you've shared, ensure you weigh the benefits of homeownership against the flexibility renting provides, especially in light of potential changes in the real estate market.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Ocean gate, 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 Ocean gate, 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 Ocean gate is a financially viable option for your relocation.