Cost of living in Parsippany-Troy Hills
Parsippany-Troy Hills, located in New Jersey, is a vibrant township known for its suburban charm and proximity to major urban centers. Understanding the cost of living here is crucial for potential residents and those planning to relocate.
This guide provides a detailed breakdown of expenses in Parsippany-Troy Hills, 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 $12.5 on average, with a range between $10 and $35.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $55, with prices ranging from $40 to $140.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $9.5, with a range between $9 and $17.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic and imported beers range from $6 to $10, cappuccino $4.5 to $8, and Coke/Pepsi $2 to $3.
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 $5.51, with an average price of $4.04.
- Eggs (Dozen) - A dozen eggs range from $2.5 to $5, averaging $2.75.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.98 to $11.02 per kg, while oranges range from $2.65 to $8.82 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.07 and $4.41 per kg, and lettuce costs $1 to $4 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $4, with a monthly pass priced between $70 and $120.
- Fuel (Gasoline) - Gasoline is priced between $0.77 and $1.11 per liter.
- Taxi Fares - Taxi fares start at $2, 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 $1900, averaging $1833.33.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1400 to $1600, averaging $1500.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $2900 to $3500, averaging $3200.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $2400 to $3200, averaging $2800.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $3013.89.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $2475.7.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $150 and $350, averaging $180.
- Internet - Internet services range from $29 to $100, with an average cost of $40.
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.
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"Key Takeaways"
Parsippany-Troy Hills offers a moderate cost of living with relatively affordable dining and grocery options.
Housing costs can be significant, especially in the city centre, but there are more affordable options outside the centre.
Transportation costs are reasonable, with public transport and fuel prices being manageable for most residents.
Conclusion
In conclusion, Parsippany-Troy Hills presents a balanced cost of living, making it an attractive option for those seeking suburban life with access to urban amenities.
Potential residents should consider housing and transportation costs as key factors in their budgeting, while also enjoying the diverse dining and leisure options available.