THE ULTIMATE LBI BUYER’S GUIDE
Everything You Need to Know About Buying a Home on Long Beach Island
Utility Bills
Long Beach Island is serviced by New Jersey Natural Gas and Atlantic City Electric. Utility costs vary based on home size, efficiency, and usage. Monthly heating bills for most Cape Cod-style homes range from $125-$500, while electricity costs range from $150-$600. Newer homes tend to have lower utility costs due to improved efficiency. Water and sewer are metered and billed quarterly, while trash service is often included in property taxes unless you live in a condominium with private trash service. Utility costs may also be lower for winterized homes with minimal usage.
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Long Beach Island is serviced by New Jersey Natural Gas and Atlantic City Electric. The annual costs of each utility will depend on the size and efficiency of the home. Most Cape Cod-style homes will have a monthly heating cost of $125-$500 and a monthly electric bill of $150 to $600. Surprisingly, a newer home in the LBI real estate market is usually less, thanks to a more efficient design. For most towns, water and sewer are metered and billed quarterly. Trash service is typically factored into your property taxes and not billed separately unless you are in a condominium. Some condo associations on LBI will have a private trash service and bill accordingly. It is very important to remember that utility costs will vary on many factors, including the size of the home, the age of the home, and your personal usage. A winterized home will see a much lower utility bill since the house is "off" and there is little to no electricity or gas usage.