Chatham, NJ Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
172
Chatham's Overall Cost Of Living
1.7x
Higher Than The National Average
231 out of 251
In New Jersey
6,149 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Chatham is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Chatham, NJ?

According to the most recent data on the cost of living, Chatham has an overall cost of living index of 172 which is 1.7x higher than the national index of 100.

Compared to only New Jersey, Chatham has a cost of living index that's 1.4x higher than New Jersey's index of 121.

The standard of living in Chatham ranks as #6,154 most affordable out of the 6,418 places we measured in New Jersey. By definition, that implies Chatham ranks as the #264 most expensive place in the Garden State.

For more reading on life in Chatham, check out:

Chatham Cost Of Living Vs. New Jersey

Living Expense Chatham New Jersey National Average
Overall 172 121 100
Services 105 107 100
Groceries 115 107 100
Health 99 100 100
Housing 329 160 100
Transportation 111 106 100
Utilities 92 98 100
For more reading on cost of living around New Jersey, check out:
Chatham Cost of Living Vs. NJ

Chatham, NJ Housing Cost Breakdown

Housing swings affordability the most between places in New Jersey, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$807,900
Median Home Value
$1,833
Median Rent
$201,923
Median Income
Statistic Chatham New Jersey United States
Median Home Value $807,900 $343,500 $229,800
Median Rent $1,833 $1,368 $1,096
Median Income $201,923 $85,245 $64,994
Home Value To Income 4.0x 4.0x 3.5x
Rent To Monthly Income 0.11x 0.19x 0.2x

Detailed Chatham Services Costs Vs. New Jersey

Item Chatham New Jersey
Shampoo $1.09 $1.06
Movie $12.38 $10.68
Bowling $20.56 $14.67

Detailed Chatham Groceries Costs Vs. New Jersey

Item Chatham New Jersey
Ground Beef $4.21 $4.22
Fried Chicken $1.94 $1.39
Milk $2.37 $2.05

Detailed Chatham Health Costs Vs. New Jersey

Item Chatham New Jersey
Haircut $20.96 $18.62
Beauty Salon $45.37 $39.05
Toothpaste $2.06 $2.34

Detailed Chatham Transportation Costs Vs. New Jersey

Item Chatham New Jersey
Potatoes $3.52 $3.29
Pizza $11.27 $10.62
Beer $8.27 $9.38
Optometrist $92.33 $108.57
Doctor $99.57 $116.17
Dentist $116.16 $99.13

Detailed Chatham Utilities Costs Vs. New Jersey

Item Chatham New Jersey
Gasoline $2.45 $2.22
Tire Balancing $53.07 $50.07
All Electricity $147.86 $167.67
Phone $179.87 $175.64

Chatham SnackAbility

7
/10
Overall SnackAbility
Jobs
8.5/10
Housing
10
Affordability
8
Diversity
8
Safety
9
Amenities
8.5
Education
10
Commute
2

Cost Of Living In Cities Around Chatham

City Population Cost Of Living Vs. Chatham
Morristown, TN 29,887 85 0.5x
Westfield, NJ 29,690 170 1.0x
Summit, NJ 21,913 185 1.1x
Madison, NJ 16,647 164 1.0x
Bradley Gardens, NJ 14,714 144 0.8x
Short Hills, NJ 13,700 241 1.4x
New Providence, NJ 13,382 154 0.9x
Hasbrouck Heights, NJ 12,026 134 0.8x
Florham Park, NJ 11,719 165 1.0x
Martinsville, NJ 11,384 155 0.9x

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