Boonton, NJ Cost Of Living
Cost Of Living In Boonton, NJ Summary
Cost of living in Boonton 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 Boonton 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 Boonton is 129, with 100 being the average.
The cost of living index in Boonton is 1.3x higher than the national average.
Boonton ranks as the #128 cheapest in New Jersey out of 260.
Boonton ranks as the #4,942 cheapest out of 6,489 in the US.
The median home value in Boonton is $658,451.
The median income in Boonton is $100,417.
Table Of Contents
Boonton's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Boonton, NJ?
According to the most recent data on the cost of living, Boonton has an overall cost of living index of 129, which is 1.3x higher than the national index of 100.
Compared to New Jersey, Boonton has a cost of living index that's 1.1x higher than New Jersey's index of 122.
The standard of living in Boonton ranks as #128 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Boonton ranks as the #132 most expensive place in the Garden State.
For more reading on life in Boonton, check out:
In New Jersey
In America
Boonton Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Boonton. Here is how it fairs on each of the criteria:
The Services index in Boonton is 101.
The Groceries index in Boonton is 104.
The Health index in Boonton is 101.
The Housing index in Boonton is 196.
The Transportation index in Boonton is 96.
The Utilities index in Boonton is 103.
| Living Expense | Boonton | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 129 | 122 | 100 | |
| Services | 101 | 108 | 100 | |
| Groceries | 104 | 104 | 100 | |
| Health | 101 | 99 | 100 | |
| Housing | 196 | 159 | 100 | |
| Transportation | 96 | 101 | 100 | |
| Utilities | 103 | 107 | 100 | |
Boonton, 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 Boonton is $658,451.
The Median Rent in Boonton is $1,761.
The Median Income in Boonton is $100,417.
The Home Value To Income in Boonton is 6.6x.
The Rent To Monthly Income in Boonton is 0.21x.
| Statistic | Boonton | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $658,451 | $564,432 | $303,400 |
| Median Rent | $1,761 | $1,653 | $1,348 |
| Median Income | $100,417 | $101,050 | $78,538 |
| Home Value To Income | 6.6x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.21x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Boonton, NJ Costs By Category
Detailed Boonton Services Costs Vs. New Jersey
| Item | Boonton | New Jersey |
|---|---|---|
| Shampoo | $1.44 | $1.28 |
| Movie | $14.15 | $12.13 |
| Bowling | $25.03 | $18 |
| Haircut | $29.17 | $24.26 |
| Beauty Salon | $40.36 | $45.56 |
Detailed Boonton Groceries Costs Vs. New Jersey
| Item | Boonton | New Jersey |
|---|---|---|
| Ground Beef | $5.64 | $5.84 |
| Fried Chicken | $1.55 | $1.57 |
| Milk | $4.74 | $4.67 |
| Potatoes | $5.21 | $4.93 |
| Pizza | $11.49 | $12.09 |
| Beer | $11.66 | $10.41 |
| Toothpaste | $3.66 | $3.7 |
Detailed Boonton Health Costs Vs. New Jersey
| Item | Boonton | New Jersey |
|---|---|---|
| Optometrist | $105.11 | $125.68 |
| Doctor | $117.94 | $135.78 |
| Dentist | $121.22 | $113.29 |
Detailed Boonton Transportation Costs Vs. New Jersey
| Item | Boonton | New Jersey |
|---|---|---|
| Gasoline | $3.45 | $3.46 |
| Tire Balancing | $77.33 | $59.92 |
Detailed Boonton Utilities Costs Vs. New Jersey
| Item | Boonton | New Jersey |
|---|---|---|
| All Electricity | $230.68 | $193.99 |
| Phone | $186.61 | $192.25 |
Boonton SnackAbility
/10
Cost Of Living In Cities Around Boonton
The cost of living varies in the cities and towns around Boonton. Here's a quick look at the cost of living in the most populous nearby places:
Westfield, NJ has a cost of living index of 178, 1.4x Boonton.
Florham Park, NJ has a cost of living index of 165, 1.3x Boonton.
Oakland, NJ has a cost of living index of 139, 1.1x Boonton.
| City | Population | Cost Of Living | Vs. Boonton |
|---|---|---|---|
| Westfield, NJ | 30,760 | 178 | 1.4x |
| Florham Park, NJ | 13,134 | 165 | 1.3x |
| Oakland, NJ | 12,700 | 139 | 1.1x |
| Glen Rock, NJ | 12,082 | 165 | 1.3x |
| Hasbrouck Heights, NJ | 12,067 | 138 | 1.1x |
| Suffern, NY | 11,395 | 125 | 1.0x |
| Lincoln Park, NJ | 10,901 | 124 | 1.0x |
| Kinnelon, NJ | 9,971 | 160 | 1.2x |
| Succasunna, NJ | 9,866 | 134 | 1.0x |
| White Meadow Lake, NJ | 8,706 | 131 | 1.0x |
