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 138, which is 1.4x 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 125.
The standard of living in Boonton ranks as #161 most affordable out of the 262 places we measured in New Jersey. By definition, that implies Boonton ranks as the #101 most expensive place in the Garden State.
For more reading on life in Boonton, check out:
Boonton Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Boonton. Here is how it fares on each of the criteria:
The Services index in Boonton is 111.
The Groceries index in Boonton is 112.
The Health index in Boonton is 199.
The Housing index in Boonton is 118.
The Transportation index in Boonton is 113.
The Utilities index in Boonton is 114.
| Living Expense | Boonton | New Jersey | National Average |
|---|---|---|---|
| Overall | 138 | 125 | 100 |
| Services | 111 | 107 | 100 |
| Groceries | 112 | 113 | 100 |
| Health | 199 | 155 | 100 |
| Housing | 118 | 116 | 100 |
| Transportation | 113 | 112 | 100 |
| Utilities | 114 | 113 | 100 |
Boonton Cost Of Living Compared To New Jersey Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New Jersey, check out:
Protect your home budget Compare home warranties in Boonton Get matched →Source: Cost-of-living index 2026, normalized to US average = 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 2020-2024. The key points are:
The Median Home Value in Boonton is $667,779.
The Median Rent in Boonton is $1,849.
The Median Income in Boonton is $114,302.
The Home Value To Income in Boonton is 5.8x.
The Rent To Monthly Income in Boonton is 0.19x.
| Statistic | Boonton | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $667,779 | $569,411 | $332,700 |
| Median Rent | $1,849 | $1,720 | $1,413 |
| Median Income | $114,302 | $103,556 | $80,734 |
| Home Value To Income | 5.8x | 5.5x | 4.1x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.21x |
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
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 182, 1.3x Boonton.
Florham Park, NJ has a cost of living index of 174, 1.3x Boonton.
Oakland, NJ has a cost of living index of 149, 1.1x Boonton.
| City | Population | Cost Of Living | Vs. Boonton |
|---|---|---|---|
| Westfield, NJ | 31,111 | 182 | 1.3x |
| Florham Park, NJ | 13,564 | 174 | 1.3x |
| Oakland, NJ | 12,768 | 149 | 1.1x |
| Glen Rock, NJ | 12,154 | 174 | 1.3x |
| Hasbrouck Heights, NJ | 12,115 | 140 | 1.0x |
| Suffern, NY | 11,441 | 128 | 0.9x |
| Lincoln Park, NJ | 10,957 | 133 | 1.0x |
| Kinnelon, NJ | 10,013 | 170 | 1.2x |
| Succasunna, NJ | 9,799 | 141 | 1.0x |
| White Meadow Lake, NJ | 8,842 | 139 | 1.0x |
