Cost of Living in Rutherford, NJ
Housing
The housing market plays a significant role in determining the cost of living in Rutherford, NJ.
- Housing Index: 118.8 / 100
- Median Home Price is: $467,000
- Average Rent (2 BR Apartment): $2262 per month
- Average Rent (2 BR House): $2458 per month
Considering moving to Rutherford, NJ? The housing index currently stands at 118.8, indicating a highly fluctuating market. The median home price is significantly high at 467000. If you're contemplating renting, keep in mind that both the average rent for a 2BR apartment and a 2BR house are at 2262 and 2458, respectively, suggesting limited rental options. Given these factors, it may be vital to explore local amenities, job opportunities, and future market trends to make a well-informed decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Rutherford, 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 Rutherford, 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 Rutherford is a financially viable option for your relocation.