Cost of living in Elizabeth
Elizabeth, NJ, is a vibrant city known for its diverse culture and proximity to New York City. Understanding the cost of living here is crucial for anyone considering moving to or residing in the area.
This guide provides a detailed breakdown of expenses, including housing, transportation, groceries, 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 $100, with prices ranging from $45 to $150.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10, with a range between $7 and $11.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $5 to $8, imported beer $7 to $10, cappuccino $3 to $6.95, and Coke/Pepsi $1 to $2.99.
Grocery Prices
- Milk - Milk is priced between $0.79 and $1.32 per liter, averaging $1.27.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.2 and $4.73, with an average price of $3.92.
- Eggs (Dozen) - A dozen eggs range from $2 to $4.99, averaging $3.85.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.18 to $6.61 per kg, while oranges range from $1.65 to $6.61 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.1 and $4.41 per kg, and lettuce costs $1.5 to $3.29 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs around $2.95.
- Fuel (Gasoline) - Gasoline is priced between $0.89 and $1.02 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 averages $2000.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $1600.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $2100 to $3000, averaging $2550.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $2500.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $1291.67.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $1162.5.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $90 and $237.88, averaging $164.87.
- Internet - Internet services range from $30 to $100, with an average cost of $50.
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"
Elizabeth, NJ, offers a diverse range of living costs, with housing being a significant expense, especially in the city centre.
Dining out can vary widely in cost, with options for both budget-friendly and upscale experiences.
Transportation is relatively affordable, with public transport and fuel prices being moderate.
Grocery prices are competitive, though some items like local cheese and beef can be on the higher side.
Conclusion
In conclusion, Elizabeth, NJ, presents a mixed cost of living landscape, with notable expenses in housing and dining.
Potential residents should consider their lifestyle preferences and budget accordingly, as the city offers both affordable and premium options across various categories.