Cost of living in Teaneck
Teaneck, NJ, is a vibrant community located in the United States, known for its diverse culture and suburban charm. Understanding the cost of living in Teaneck is crucial for potential residents and those planning to relocate.
This guide provides a detailed breakdown of expenses, including housing, transportation, groceries, and more, to help you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $15 on average, with a range between $10 and $60.
- 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 $10, with a range between $7 and $15.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $6 to $10, imported beer $7 to $10, cappuccino $3 to $7, and Coke/Pepsi $2 to $3.
Grocery Prices
- Milk - Milk is priced between $0.79 and $1.32 per liter, averaging $1.21.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.2 and $7.17, with an average price of $3.92.
- Eggs (Dozen) - A dozen eggs range from $2 to $6, averaging $3.85.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.18 to $11.02 per kg, while oranges range from $1.65 to $11 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.1 and $8.8 per kg, and lettuce costs $1.49 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 $2.5, 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 $1000.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $2000.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $3000.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $2000.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $1450.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $1360.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $90 and $237.88, averaging $151.74.
- Internet - Internet services range from $40 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"
Teaneck offers a moderate cost of living with affordable dining options and competitive grocery prices.
Housing costs vary significantly between the city centre and outside areas, with rental prices being a major expense.
Transportation costs are reasonable, with gasoline prices being relatively low compared to other regions.
Conclusion
In conclusion, Teaneck, NJ, presents a balanced cost of living, making it an attractive option for those seeking a suburban lifestyle with proximity to urban amenities.
Potential residents should consider housing and transportation as key factors in their budget planning, while also taking advantage of the diverse dining and grocery options available.