Average Heating Bill in New Jersey → Morris County
$488/mo
$2,931/year
$1.47/sq ft (oil heat, 2,000 sq ft home)
↓ Oil prices are down 6.5% over the past 6 weeks, which affects current heating bills. View price trends.
| Fuel | Local Price | Cost/MMBTU | Annual Cost | Monthly (Heating) |
|---|---|---|---|---|
| Natural Gas Cheapest | $1.40/therm | $15 | $1,214 | $202 |
| Heat Pump | $0.24/kWh | $23 | $1,849 | $308 |
| Heating Oil | $4.29/gallon | $36 | $2,931 | $488 |
| Electric Baseboard | $0.24/kWh | $69 | $5,547 | $924 |
Cheapest option for this area
Natural Gas
$1,214/year estimated — saving $1,717/year vs heating oil
Average monthly heating costs during the October–March season for a 2,000 sq ft home in Morris County:
Based on a 2,000 sq ft home with 85% oil furnace efficiency, COP 3.0 heat pump, NOAA 30-year normal heating degree days (5,745 HDD for Morris County), and current EIA state-average energy rates. Oil prices reflect local median from 14 tracked suppliers.
Data updated 2026-07-18.
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If you're staying with oil heat, compare local suppliers to find the best price. The spread in Morris County can be $0.50–$1.00/gallon.
Median: $4.29/gal · 14 suppliers reporting prices
Compare Morris County Suppliers →We'll email you when local heating oil prices drop to your target — no spam, only price drops.