Crestwood Village, NJ Cost Of Living
Cost Of Living In Crestwood Village, NJ Summary
Cost of living in Crestwood Village 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 Crestwood Village 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 Crestwood Village is 87, with 100 being the average.
The cost of living index in Crestwood Village is 0.9x lower than the national average.
Crestwood Village ranks as the #2 cheapest in New Jersey out of 260.
Crestwood Village ranks as the #777 cheapest out of 6,489 in the US.
The median home value in Crestwood Village is $126,324.
The median income in Crestwood Village is $38,396.
Table Of Contents
Crestwood Village's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Crestwood Village, NJ?
According to the most recent data on the cost of living, Crestwood Village has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to New Jersey, Crestwood Village has a cost of living index that's 0.7x lower than New Jersey's index of 122.
The standard of living in Crestwood Village ranks as #2 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Crestwood Village ranks as the #258 most expensive place in the Garden State.
For more reading on life in Crestwood Village, check out:
In New Jersey
In America
Crestwood Village Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Crestwood Village. Here is how it fairs on each of the criteria:
The Services index in Crestwood Village is 105.
The Groceries index in Crestwood Village is 103.
The Health index in Crestwood Village is 93.
The Housing index in Crestwood Village is 54.
The Transportation index in Crestwood Village is 107.
The Utilities index in Crestwood Village is 111.
| Living Expense | Crestwood Village | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 87 | 122 | 100 | |
| Services | 105 | 108 | 100 | |
| Groceries | 103 | 104 | 100 | |
| Health | 93 | 99 | 100 | |
| Housing | 54 | 159 | 100 | |
| Transportation | 107 | 101 | 100 | |
| Utilities | 111 | 107 | 100 | |
Crestwood Village, 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 Crestwood Village is $126,324.
The Median Rent in Crestwood Village is $1,236.
The Median Income in Crestwood Village is $38,396.
The Home Value To Income in Crestwood Village is 3.3x.
The Rent To Monthly Income in Crestwood Village is 0.39x.
| Statistic | Crestwood Village | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $126,324 | $564,432 | $303,400 |
| Median Rent | $1,236 | $1,653 | $1,348 |
| Median Income | $38,396 | $101,050 | $78,538 |
| Home Value To Income | 3.3x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.39x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Crestwood Village, NJ Costs By Category
Detailed Crestwood Village Services Costs Vs. New Jersey
| Item | Crestwood Village | New Jersey |
|---|---|---|
| Shampoo | $1.52 | $1.28 |
| Movie | $13.75 | $12.13 |
| Bowling | $19.47 | $18 |
| Haircut | $23.54 | $24.26 |
| Beauty Salon | $66.27 | $45.56 |
Detailed Crestwood Village Groceries Costs Vs. New Jersey
| Item | Crestwood Village | New Jersey |
|---|---|---|
| Ground Beef | $5.76 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.67 | $4.67 |
| Potatoes | $5.37 | $4.93 |
| Pizza | $11.73 | $12.09 |
| Beer | $11.99 | $10.41 |
| Toothpaste | $3.65 | $3.7 |
Detailed Crestwood Village Health Costs Vs. New Jersey
| Item | Crestwood Village | New Jersey |
|---|---|---|
| Optometrist | $123.5 | $125.68 |
| Doctor | $132.56 | $135.78 |
| Dentist | $103.31 | $113.29 |
Detailed Crestwood Village Transportation Costs Vs. New Jersey
| Item | Crestwood Village | New Jersey |
|---|---|---|
| Gasoline | $3.53 | $3.46 |
| Tire Balancing | $70.89 | $59.92 |
Detailed Crestwood Village Utilities Costs Vs. New Jersey
| Item | Crestwood Village | New Jersey |
|---|---|---|
| All Electricity | $222.45 | $193.99 |
| Phone | $198.27 | $192.25 |
Crestwood Village SnackAbility
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