Cost of Living in Vineland, NJ
Housing
The housing market plays a significant role in determining the cost of living in Vineland, NJ.
- Housing Index: 118.8 / 100
- Median Home Price is: $275,000
- Average Rent (2 BR Apartment): $1760 per month
- Average Rent (2 BR House): $1913 per month
When considering a move to Vineland, NJ, it’s crucial to understand the housing landscape. With a housing index of 118.8, your potential investment reflects affordability against broader market trends. The median home price is set at 275000, making homeownership an achievable, appealing option for many. Meanwhile, average rents for a 2-bedroom apartment are currently 1760, and a 2-bedroom house costs around 1913. This combination indicates a competitive rental market but may suggest good long-term growth potential for property values. Balancing these factors will assist in making an informed decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Vineland, 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 Vineland, 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 Vineland is a financially viable option for your relocation.