Average Heating Bill in New Jersey → Morris County
$524/mo
$3,143/year
$1.57/sq ft (oil heat, 2,000 sq ft home)
| Fuel | Local Price | Cost/MMBTU | Annual Cost | Monthly (Heating) |
|---|---|---|---|---|
| Natural Gas Cheapest | $1.37/therm | $15 | $1,186 | $198 |
| Heat Pump | $0.23/kWh | $23 | $1,817 | $303 |
| Heating Oil | $4.60/gallon | $39 | $3,143 | $524 |
| Electric Baseboard | $0.23/kWh | $68 | $5,452 | $909 |
Cheapest option for this area
Natural Gas
$1,186/year estimated — saving $1,957/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 11 tracked suppliers.
Data updated 2026-06-02.
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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: $4.60/gal · 11 suppliers reporting prices
Compare Morris County Suppliers →