Cost of Living in Plainsboro, NJ
Housing
The housing market plays a significant role in determining the cost of living in Plainsboro, NJ.
- Housing Index: 118.8 / 100
- Median Home Price is: $469,000
- Average Rent (2 BR Apartment): $1980 per month
- Average Rent (2 BR House): $2152 per month
Considering a move to Plainsboro, NJ? The median home price stands at 469000, indicative of a competitive housing market. However, with a housing index of 118.8, there may be potential affordably challenges, particularly as both the average rent for a 2BR apartment and for a 2BR house show zeros, suggesting a possible lack of rental availability or market data. It's essential to research additional housing options, costs of living, and economic factors in the area to make an informed decision. The attractiveness of home buying versus renting must align with your financial goals 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 Plainsboro, 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 Plainsboro, 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 Plainsboro is a financially viable option for your relocation.