Fair Haven, NJ Cost Of Living
Cost Of Living In Fair Haven, NJ Summary
Cost of living in Fair Haven 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 Fair Haven 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 Fair Haven is 206, with 100 being the average.
The cost of living index in Fair Haven is 2.1x higher than the national average.
Fair Haven ranks as the #254 cheapest in New Jersey out of 260.
Fair Haven ranks as the #6,341 cheapest out of 6,489 in the US.
The median home value in Fair Haven is $1,408,548.
The median income in Fair Haven is $237,132.
Table Of Contents
Fair Haven's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Fair Haven, NJ?
According to the most recent data on the cost of living, Fair Haven has an overall cost of living index of 206, which is 2.1x higher than the national index of 100.
Compared to New Jersey, Fair Haven has a cost of living index that's 1.7x higher than New Jersey's index of 122.
The standard of living in Fair Haven ranks as #254 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Fair Haven ranks as the #6 most expensive place in the Garden State.
For more reading on life in Fair Haven, check out:
In New Jersey
In America
Fair Haven Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Fair Haven. Here is how it fairs on each of the criteria:
The Services index in Fair Haven is 129.
The Groceries index in Fair Haven is 112.
The Health index in Fair Haven is 122.
The Housing index in Fair Haven is 405.
The Transportation index in Fair Haven is 114.
The Utilities index in Fair Haven is 102.
| Living Expense | Fair Haven | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 206 | 122 | 100 | |
| Services | 129 | 108 | 100 | |
| Groceries | 112 | 104 | 100 | |
| Health | 122 | 99 | 100 | |
| Housing | 405 | 159 | 100 | |
| Transportation | 114 | 101 | 100 | |
| Utilities | 102 | 107 | 100 | |
Fair Haven, 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 Fair Haven is $1,408,548.
The Median Rent in Fair Haven is $3,500.
The Median Income in Fair Haven is $237,132.
The Home Value To Income in Fair Haven is 5.9x.
The Rent To Monthly Income in Fair Haven is 0.18x.
| Statistic | Fair Haven | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $1,408,548 | $564,432 | $303,400 |
| Median Rent | $3,500 | $1,653 | $1,348 |
| Median Income | $237,132 | $101,050 | $78,538 |
| Home Value To Income | 5.9x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.18x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Fair Haven, NJ Costs By Category
Detailed Fair Haven Services Costs Vs. New Jersey
| Item | Fair Haven | New Jersey |
|---|---|---|
| Shampoo | $1.69 | $1.28 |
| Movie | $13.68 | $12.13 |
| Bowling | $29.4 | $18 |
| Haircut | $34.94 | $24.26 |
| Beauty Salon | $64.07 | $45.56 |
Detailed Fair Haven Groceries Costs Vs. New Jersey
| Item | Fair Haven | New Jersey |
|---|---|---|
| Ground Beef | $5.87 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.97 | $4.67 |
| Potatoes | $5.21 | $4.93 |
| Pizza | $12.57 | $12.09 |
| Beer | $11.87 | $10.41 |
| Toothpaste | $3.96 | $3.7 |
Detailed Fair Haven Health Costs Vs. New Jersey
| Item | Fair Haven | New Jersey |
|---|---|---|
| Optometrist | $128.97 | $125.68 |
| Doctor | $162.24 | $135.78 |
| Dentist | $149.64 | $113.29 |
Detailed Fair Haven Transportation Costs Vs. New Jersey
| Item | Fair Haven | New Jersey |
|---|---|---|
| Gasoline | $3.55 | $3.46 |
| Tire Balancing | $86.43 | $59.92 |
Detailed Fair Haven Utilities Costs Vs. New Jersey
| Item | Fair Haven | New Jersey |
|---|---|---|
| All Electricity | $201.27 | $193.99 |
| Phone | $200.67 | $192.25 |
Fair Haven SnackAbility
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Cost Of Living In Cities Around Fair Haven
The cost of living varies in the cities and towns around Fair Haven. Here's a quick look at the cost of living in the most populous nearby places:
Tinton Falls, NJ has a cost of living index of 134, 0.7x Fair Haven.
Fairview, NJ has a cost of living index of 156, 0.8x Fair Haven.
West Freehold, NJ has a cost of living index of 136, 0.7x Fair Haven.
| City | Population | Cost Of Living | Vs. Fair Haven |
|---|---|---|---|
| Tinton Falls, NJ | 19,252 | 134 | 0.7x |
| Fairview, NJ | 14,920 | 156 | 0.8x |
| West Freehold, NJ | 14,233 | 136 | 0.7x |
| Fords, NJ | 13,052 | 129 | 0.6x |
| Red Bank, NJ | 12,864 | 143 | 0.7x |
| Freehold, NJ | 12,504 | 125 | 0.6x |
| Rumson, NJ | 7,265 | 239 | 1.2x |
| Yorketown, NJ | 7,265 | 140 | 0.7x |
| Lincroft, NJ | 6,901 | 146 | 0.7x |
| Strathmore, NJ | 6,593 | 136 | 0.7x |
