Cost of living in Basking Ridge
Basking Ridge, NJ, is a charming community known for its suburban appeal and proximity to major urban centers. Understanding the cost of living here is crucial for potential residents and those considering relocation.
This guide provides a detailed breakdown of expenses in Basking Ridge, covering everything from dining and groceries to housing and transportation.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $20 on average, with a range between $15 and $30.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $100, with prices ranging from $75 to $150.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $12, with a range between $10 and $15.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $7 to $10, imported beer $7 to $10, cappuccino $3 to $7, and Coke/Pepsi $2.5 to $3.
Grocery Prices
- Milk - Milk is priced between $0.79 and $1.85 per liter, averaging $1.42.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.2 and $7.17, with an average price of $3.96.
- Eggs (Dozen) - A dozen eggs range from $2 to $6, averaging $4.63.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.98 to $11.02 per kg, while oranges range from $2.2 to $11 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $2.18 and $8.8 per kg, and lettuce costs $1.75 to $3.29 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.89 and $1.06 per liter.
- Taxi Fares - Taxi fares start at $3, with a cost of $2.17 to $3.11 per km and $42 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre is not specified in the data provided.
- 1-Bedroom Apartment Rent (Outside Centre) - Rent for a 1-bedroom apartment outside the city centre is not specified in the data provided.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $100 and $237.88, averaging $151.74.
- Internet - Internet services range from $40 to $100, with an average cost of $69.38.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Basking Ridge offers a suburban lifestyle with costs that reflect its proximity to urban centers. Dining out can be relatively expensive, especially at mid-range restaurants.
Grocery prices vary, with some items like bread and eggs being more costly than the national average.
Transportation costs are moderate, with gasoline prices being relatively stable.
Housing data is limited, but utility costs are within a reasonable range for the area.
Conclusion
In conclusion, Basking Ridge, NJ, presents a cost of living that balances suburban charm with the expenses associated with its location near major cities.
Potential residents should consider the higher dining and grocery costs when planning their budget, while transportation and utility expenses remain manageable.