Cost of Living in Ventnor city, NJ
Housing
The housing market plays a significant role in determining the cost of living in Ventnor city, NJ.
- Housing Index: 118.8 / 100
- Median Home Price is: $335,000
- Average Rent (2 BR Apartment): $2586 per month
- Average Rent (2 BR House): $2811 per month
When considering a move to Ventnor city, NJ, the current housing landscape presents an intriguing opportunity with a median home price of 335000. However, it's notable that both the housing index, as well as the average rent for a 2-bedroom apartment and house, stand at zero, indicating a potential gap in available rental options. This suggests that the market may be in transition or not fully operational. As you assess your decision, consider the broader economic indicators and quality of life in Ventnor city, balanced against housing affordability to determine your best fit.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Ventnor city, 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 Ventnor city, 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 Ventnor city is a financially viable option for your relocation.