East Franklin, NJ Cost Of Living
Cost Of Living In East Franklin, NJ Summary
Cost of living in East Franklin 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 East Franklin 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 East Franklin is 121, with 100 being the average.
The cost of living index in East Franklin is 1.2x higher than the national average.
East Franklin ranks as the #93 cheapest in New Jersey out of 260.
East Franklin ranks as the #4,476 cheapest out of 6,489 in the US.
The median home value in East Franklin is $484,308.
The median income in East Franklin is $105,363.
Table Of Contents
East Franklin's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in East Franklin, NJ?
According to the most recent data on the cost of living, East Franklin has an overall cost of living index of 121, which is 1.2x higher than the national index of 100.
Compared to New Jersey, East Franklin has a cost of living index that's 1.0x lower than New Jersey's index of 122.
The standard of living in East Franklin ranks as #93 most affordable out of the 260 places we measured in New Jersey. By definition, that implies East Franklin ranks as the #167 most expensive place in the Garden State.
For more reading on life in East Franklin, check out:
In New Jersey
In America
East Franklin Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in East Franklin. Here is how it fairs on each of the criteria:
The Services index in East Franklin is 112.
The Groceries index in East Franklin is 104.
The Health index in East Franklin is 103.
The Housing index in East Franklin is 153.
The Transportation index in East Franklin is 107.
The Utilities index in East Franklin is 108.
| Living Expense | East Franklin | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 121 | 122 | 100 | |
| Services | 112 | 108 | 100 | |
| Groceries | 104 | 104 | 100 | |
| Health | 103 | 99 | 100 | |
| Housing | 153 | 159 | 100 | |
| Transportation | 107 | 101 | 100 | |
| Utilities | 108 | 107 | 100 | |
East Franklin, 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 East Franklin is $484,308.
The Median Rent in East Franklin is $1,794.
The Median Income in East Franklin is $105,363.
The Home Value To Income in East Franklin is 4.6x.
The Rent To Monthly Income in East Franklin is 0.2x.
| Statistic | East Franklin | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $484,308 | $564,432 | $303,400 |
| Median Rent | $1,794 | $1,653 | $1,348 |
| Median Income | $105,363 | $101,050 | $78,538 |
| Home Value To Income | 4.6x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
East Franklin, NJ Costs By Category
Detailed East Franklin Services Costs Vs. New Jersey
| Item | East Franklin | 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 East Franklin Groceries Costs Vs. New Jersey
| Item | East Franklin | 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 East Franklin Health Costs Vs. New Jersey
| Item | East Franklin | New Jersey |
|---|---|---|
| Optometrist | $129.93 | $125.68 |
| Doctor | $124.1 | $135.78 |
| Dentist | $129.94 | $113.29 |
Detailed East Franklin Transportation Costs Vs. New Jersey
| Item | East Franklin | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $72.38 | $59.92 |
Detailed East Franklin Utilities Costs Vs. New Jersey
| Item | East Franklin | New Jersey |
|---|---|---|
| All Electricity | $223.08 | $193.99 |
| Phone | $186.61 | $192.25 |
East Franklin SnackAbility
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Cost Of Living In Cities Around East Franklin
The cost of living varies in the cities and towns around East Franklin. Here's a quick look at the cost of living in the most populous nearby places:
New Brunswick, NJ has a cost of living index of 118, 1.0x East Franklin.
Westfield, NJ has a cost of living index of 178, 1.5x East Franklin.
Somerset, NJ has a cost of living index of 130, 1.1x East Franklin.
| City | Population | Cost Of Living | Vs. East Franklin |
|---|---|---|---|
| New Brunswick, NJ | 55,744 | 118 | 1.0x |
| Westfield, NJ | 30,760 | 178 | 1.5x |
| Somerset, NJ | 23,851 | 130 | 1.1x |
| Colonia, NJ | 18,294 | 131 | 1.1x |
| Highland Park, NJ | 14,981 | 133 | 1.1x |
| Middlesex, NJ | 14,518 | 126 | 1.0x |
| Bradley Gardens, NJ | 14,315 | 150 | 1.2x |
| New Providence, NJ | 13,577 | 160 | 1.3x |
| Martinsville, NJ | 12,016 | 159 | 1.3x |
| Twin Rivers, NJ | 8,315 | 118 | 1.0x |
