Cost of Living in Wayne, NJ
Housing
The housing market plays a significant role in determining the cost of living in Wayne, NJ.
- Housing Index: 118.8 / 100
- Median Home Price is: $417,000
- Average Rent (2 BR Apartment): $2399 per month
- Average Rent (2 BR House): $2607 per month
In analyzing the real estate landscape of Wayne, NJ, the figures present an intriguing scenario. With a median home price of 417000, prospective buyers may find this market relatively accessible compared to areas with higher costs. However, the zero values for the housing index and average rents, such as 2399 and 2607, raise concerns about data reliability or market activity. It may signify a stagnation or transition phase. Thoroughly investigate local market trends and neighborhood amenities to affirm this decision as economic conditions can greatly impact the value over time.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Wayne, 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 Wayne, 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 Wayne is a financially viable option for your relocation.