Colonia, NJ Cost Of Living
Cost Of Living In Colonia, NJ Summary
Cost of living in Colonia 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 Colonia 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 Colonia is 131, with 100 being the average.
The cost of living index in Colonia is 1.3x higher than the national average.
Colonia ranks as the #138 cheapest in New Jersey out of 260.
Colonia ranks as the #5,035 cheapest out of 6,489 in the US.
The median home value in Colonia is $630,713.
The median income in Colonia is $134,301.
Table Of Contents
Colonia's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Colonia, NJ?
According to the most recent data on the cost of living, Colonia has an overall cost of living index of 131, which is 1.3x higher than the national index of 100.
Compared to New Jersey, Colonia has a cost of living index that's 1.1x higher than New Jersey's index of 122.
The standard of living in Colonia ranks as #138 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Colonia ranks as the #122 most expensive place in the Garden State.
For more reading on life in Colonia, check out:
In New Jersey
In America
Colonia Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Colonia. Here is how it fairs on each of the criteria:
The Services index in Colonia is 112.
The Groceries index in Colonia is 104.
The Health index in Colonia is 100.
The Housing index in Colonia is 193.
The Transportation index in Colonia is 106.
The Utilities index in Colonia is 108.
| Living Expense | Colonia | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 131 | 122 | 100 | |
| Services | 112 | 108 | 100 | |
| Groceries | 104 | 104 | 100 | |
| Health | 100 | 99 | 100 | |
| Housing | 193 | 159 | 100 | |
| Transportation | 106 | 101 | 100 | |
| Utilities | 108 | 107 | 100 | |
Colonia, 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 Colonia is $630,713.
The Median Rent in Colonia is $1,964.
The Median Income in Colonia is $134,301.
The Home Value To Income in Colonia is 4.7x.
The Rent To Monthly Income in Colonia is 0.18x.
| Statistic | Colonia | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $630,713 | $564,432 | $303,400 |
| Median Rent | $1,964 | $1,653 | $1,348 |
| Median Income | $134,301 | $101,050 | $78,538 |
| Home Value To Income | 4.7x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.18x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Colonia, NJ Costs By Category
Detailed Colonia Services Costs Vs. New Jersey
| Item | Colonia | New Jersey |
|---|---|---|
| Shampoo | $1.53 | $1.28 |
| Movie | $14.53 | $12.13 |
| Bowling | $20.98 | $18 |
| Haircut | $30.25 | $24.26 |
| Beauty Salon | $53.0 | $45.56 |
Detailed Colonia Groceries Costs Vs. New Jersey
| Item | Colonia | New Jersey |
|---|---|---|
| Ground Beef | $6.13 | $5.84 |
| Fried Chicken | $1.41 | $1.57 |
| Milk | $4.7 | $4.67 |
| Potatoes | $5.32 | $4.93 |
| Pizza | $12.59 | $12.09 |
| Beer | $11.12 | $10.41 |
| Toothpaste | $3.75 | $3.7 |
Detailed Colonia Health Costs Vs. New Jersey
| Item | Colonia | New Jersey |
|---|---|---|
| Optometrist | $129.93 | $125.68 |
| Doctor | $124.1 | $135.78 |
| Dentist | $129.94 | $113.29 |
Detailed Colonia Transportation Costs Vs. New Jersey
| Item | Colonia | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $72.38 | $59.92 |
Detailed Colonia Utilities Costs Vs. New Jersey
| Item | Colonia | New Jersey |
|---|---|---|
| All Electricity | $223.08 | $193.99 |
| Phone | $186.61 | $192.25 |
Colonia SnackAbility
/10
Cost Of Living In Cities Around Colonia
The cost of living varies in the cities and towns around Colonia. 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 Colonia.
Rahway, NJ has a cost of living index of 116, 0.9x Colonia.
Woodbridge, NJ has a cost of living index of 127, 1.0x Colonia.
| City | Population | Cost Of Living | Vs. Colonia |
|---|---|---|---|
| Westfield, NJ | 30,760 | 178 | 1.4x |
| Rahway, NJ | 29,748 | 116 | 0.9x |
| Woodbridge, NJ | 20,086 | 127 | 1.0x |
| Iselin, NJ | 19,151 | 131 | 1.0x |
| Avenel, NJ | 17,143 | 122 | 0.9x |
| Metuchen, NJ | 14,982 | 144 | 1.1x |
| Middlesex, NJ | 14,518 | 126 | 1.0x |
| Bradley Gardens, NJ | 14,315 | 150 | 1.1x |
| Florham Park, NJ | 13,134 | 165 | 1.3x |
| Fords, NJ | 13,052 | 129 | 1.0x |
