Avenel, NJ Cost Of Living
Cost Of Living In Avenel, NJ Summary
Cost of living in Avenel research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Avenel is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New Jersey, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Avenel is 122, with 100 being the average.
The cost of living index in Avenel is 1.2x higher than the national average.
Avenel ranks as the #99 cheapest in New Jersey out of 260.
Avenel ranks as the #4,541 cheapest out of 6,489 in the US.
The median home value in Avenel is $521,206.
The median income in Avenel is $95,935.
Table Of Contents
Avenel's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Avenel, NJ?
According to the most recent data on the cost of living, Avenel has an overall cost of living index of 122, which is 1.2x higher than the national index of 100.
Compared to New Jersey, Avenel has a cost of living index that's 1.0x lower than New Jersey's index of 122.
The standard of living in Avenel ranks as #99 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Avenel ranks as the #161 most expensive place in the Garden State.
For more reading on life in Avenel, check out:
In New Jersey
In America
Avenel Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Avenel. Here is how it fairs on each of the criteria:
The Services index in Avenel is 107.
The Groceries index in Avenel is 101.
The Health index in Avenel is 97.
The Housing index in Avenel is 152.
The Transportation index in Avenel is 108.
The Utilities index in Avenel is 112.
| Living Expense | Avenel | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 122 | 122 | 100 | |
| Services | 107 | 108 | 100 | |
| Groceries | 101 | 104 | 100 | |
| Health | 97 | 99 | 100 | |
| Housing | 152 | 159 | 100 | |
| Transportation | 108 | 101 | 100 | |
| Utilities | 112 | 107 | 100 | |
Avenel, NJ Housing Cost Breakdown
Housing swings affordability the most between places in New Jersey, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Avenel is $521,206.
The Median Rent in Avenel is $1,839.
The Median Income in Avenel is $95,935.
The Home Value To Income in Avenel is 5.4x.
The Rent To Monthly Income in Avenel is 0.23x.
| Statistic | Avenel | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $521,206 | $564,432 | $303,400 |
| Median Rent | $1,839 | $1,653 | $1,348 |
| Median Income | $95,935 | $101,050 | $78,538 |
| Home Value To Income | 5.4x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.23x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Avenel, NJ Costs By Category
Detailed Avenel Services Costs Vs. New Jersey
| Item | Avenel | New Jersey |
|---|---|---|
| Shampoo | $1.48 | $1.28 |
| Movie | $15.78 | $12.13 |
| Bowling | $21.0 | $18 |
| Haircut | $25.62 | $24.26 |
| Beauty Salon | $41.67 | $45.56 |
Detailed Avenel Groceries Costs Vs. New Jersey
| Item | Avenel | New Jersey |
|---|---|---|
| Ground Beef | $5.65 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.71 | $4.67 |
| Potatoes | $5.37 | $4.93 |
| Pizza | $11.49 | $12.09 |
| Beer | $11.33 | $10.41 |
| Toothpaste | $3.72 | $3.7 |
Detailed Avenel Health Costs Vs. New Jersey
| Item | Avenel | New Jersey |
|---|---|---|
| Optometrist | $157.11 | $125.68 |
| Doctor | $115.59 | $135.78 |
| Dentist | $124.27 | $113.29 |
Detailed Avenel Transportation Costs Vs. New Jersey
| Item | Avenel | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $82.67 | $59.92 |
Detailed Avenel Utilities Costs Vs. New Jersey
| Item | Avenel | New Jersey |
|---|---|---|
| All Electricity | $236.04 | $193.99 |
| Phone | $186.61 | $192.25 |
Avenel SnackAbility
/10
Cost Of Living In Cities Around Avenel
The cost of living varies in the cities and towns around Avenel. Here's a quick look at the cost of living in the most populous nearby places:
Perth Amboy, NJ has a cost of living index of 119, 1.0x Avenel.
Linden, NJ has a cost of living index of 119, 1.0x Avenel.
Westfield, NJ has a cost of living index of 178, 1.5x Avenel.
| City | Population | Cost Of Living | Vs. Avenel |
|---|---|---|---|
| Perth Amboy, NJ | 55,278 | 119 | 1.0x |
| Linden, NJ | 43,614 | 119 | 1.0x |
| Westfield, NJ | 30,760 | 178 | 1.5x |
| Rahway, NJ | 29,748 | 116 | 1.0x |
| Carteret, NJ | 25,187 | 123 | 1.0x |
| Woodbridge, NJ | 20,086 | 127 | 1.0x |
| Iselin, NJ | 19,151 | 131 | 1.1x |
| Colonia, NJ | 18,294 | 131 | 1.1x |
| Middlesex, NJ | 14,518 | 126 | 1.0x |
| New Providence, NJ | 13,577 | 160 | 1.3x |
