Cost of Living in Waldwick, NJ
Housing
The housing market plays a significant role in determining the cost of living in Waldwick, NJ.
- Housing Index: 118.8 / 100
- Median Home Price is: $525,000
- Average Rent (2 BR Apartment): $2586 per month
- Average Rent (2 BR House): $2811 per month
In Waldwick, NJ, the current housing landscape presents a significant challenge for potential buyers and renters. With a housing index of 118.8, median home prices are notably high at 525000. Although specific rental data indicates that the average rent for a 2-bedroom apartment and house is unavailable, this might imply that available rental options are limited or not well documented. Risking potential overextension, prospective residents should weigh their financial situation against the sturdy home prices before making a commitment. It may also be valuable to explore neighboring areas for more accessible housing options.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Waldwick, 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 Waldwick, 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 Waldwick is a financially viable option for your relocation.