Cost of living in Edison
Edison, NJ, is a vibrant city known for its diverse community and strategic location in the United States. Understanding the cost of living in Edison is crucial for anyone considering moving to or residing in this area.
This guide provides a detailed breakdown of various expenses, including housing, dining, transportation, and more, to help you plan your budget effectively.
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 $10 and $30.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $80, with prices ranging from $50 to $140.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $12, with a range between $9 and $15.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3 to $10, imported beer $8 to $10, cappuccino $3 to $7, and Coke/Pepsi $1 to $3.
Grocery Prices
- Milk - Milk is priced between $0.58 and $1.31 per liter, averaging $1.22.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.19 and $5.51, with an average price of $4.04.
- Eggs (Dozen) - A dozen eggs range from $2 to $5, averaging $4.23.
- 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 $1.07 and $4.41 per kg, and lettuce costs $1.07 to $4 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $6.
- Monthly Pass - A monthly pass for public transport is priced at $200.
- Fuel (Gasoline) - Gasoline is priced between $0.82 and $1.06 per liter.
- Taxi Fares - Taxi fares start at $3, with a cost of $2.17 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 ranges from $1800 to $2700, averaging $2133.33.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1600 to $2000, averaging $1800.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $2700 to $4000, averaging $3166.67.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $2200 to $3500, averaging $2766.67.
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 $29 to $100, with an average cost of $61.66.
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"
Edison, NJ, presents a moderate cost of living with relatively high housing costs, especially in the city centre.
Dining and grocery prices are varied, offering options for different budgets.
Transportation costs are significant, with high prices for public transport and fuel.
Utilities and internet services are reasonably priced, providing essential services at competitive rates.
Conclusion
In conclusion, Edison, NJ, offers a balanced cost of living with some areas of higher expense, particularly in housing and transportation.
Prospective residents should consider these factors when planning their move, ensuring they budget accordingly for housing and daily expenses.