Cost of living in Morristown
Morristown, NJ, is a vibrant city known for its rich history and cultural attractions. Understanding the cost of living here is crucial for anyone considering a move or planning to budget effectively.
This guide provides a detailed breakdown of expenses in Morristown, covering essential categories such as dining, groceries, transportation, housing, and utilities.
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 $60.
- 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 $10 and $17.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4 to $10, imported beer $5 to $10, cappuccino $4 to $8, and Coke/Pepsi $1.99 to $4.
Grocery Prices
- Milk - Milk is priced between $0.92 and $1.32 per liter, averaging $1.08.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.19 and $8.82, with an average price of $4.04.
- Eggs (Dozen) - A dozen eggs range from $2 to $6.99, averaging $4.
- Fruits (e.g., Apples, Oranges) - Apples cost $4.39 to $13.23 per kg, while oranges range from $3.31 to $13.23 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.07 and $11.02 per kg, and lettuce costs $0.8 to $4 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $2.75 and $5, with a monthly pass priced between $88 and $150.
- Fuel (Gasoline) - Gasoline is priced between $0.82 and $1.06 per liter.
- Taxi Fares - Taxi fares start at $6, with a cost of $1.86 to $3 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 $2500, averaging $2150.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1600 to $3500, averaging $2550.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $4200.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $2217.37.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $1937.5.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $150 and $300, averaging $180.
- Internet - Internet services range from $29 to $100, with an average cost of $57.33.
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"
Morristown offers a diverse range of dining options, with prices varying significantly based on the type of restaurant.
Grocery prices in Morristown are relatively high, particularly for fresh produce and dairy products.
Transportation costs are moderate, with affordable public transport and competitive fuel prices.
Housing in Morristown can be expensive, especially for larger apartments in the city centre.
Utilities and internet services are reasonably priced, contributing to the overall cost of living.
Conclusion
The cost of living in Morristown, NJ, reflects its status as a desirable location with a mix of urban amenities and suburban charm.
While housing and grocery costs are on the higher side, transportation and utilities offer some relief.
Prospective residents should budget carefully, particularly for housing, to ensure a comfortable lifestyle in this vibrant city.