Fair Haven, NJ Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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 189, with 100 being the average.

  • The cost of living index in Fair Haven is 1.9x higher than the national average.

  • Fair Haven ranks as the #243 cheapest in New Jersey out of 251.

  • Fair Haven ranks as the #6,263 cheapest out of 6,412 in the US.

  • The median home value in Fair Haven is $796,500.

  • The median income in Fair Haven is $192,500.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
189
Fair Haven's Overall Cost Of Living
1.9x
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 189, which is 1.9x 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 111.

The standard of living in Fair Haven ranks as #243 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Fair Haven ranks as the #8 most expensive place in the Garden State.

For more reading on life in Fair Haven, check out:

243 out of 251
In New Jersey
6,263 out of 6,412
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 134.

  • The Groceries index in Fair Haven is 146.

  • The Health index in Fair Haven is 112.

  • The Housing index in Fair Haven is 323.

  • The Transportation index in Fair Haven is 133.

  • The Utilities index in Fair Haven is 97.

Living Expense Fair Haven New Jersey National Average
Overall 189 111 100
Services 134 104 100
Groceries 146 104 100
Health 112 95 100
Housing 323 130 100
Transportation 133 106 100
Utilities 97 108 100
For more reading on cost of living around New Jersey, check out:
Fair Haven Cost of Living Vs. NJ

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 2017-2021. The key points are:

  • The Median Home Value in Fair Haven is $796,500.

  • The Median Rent in Fair Haven is $2,143.

  • The Median Income in Fair Haven is $192,500.

  • The Home Value To Income in Fair Haven is 4.1x.

  • The Rent To Monthly Income in Fair Haven is 0.13x.

Statistic Fair Haven New Jersey United States
Median Home Value $796,500 $355,700 $244,900
Median Rent $2,143 $1,436 $1,163
Median Income $192,500 $89,703 $69,021
Home Value To Income 4.1x 4.0x 3.5x
Rent To Monthly Income 0.13x 0.19x 0.2x
Search Homes For Sale In Fair Haven, NJ
$796,500
Median Home Value
$2,143
Median Rent
$192,500
Median Income

Fair Haven, NJ Costs By Category

Detailed Fair Haven Services Costs Vs. New Jersey

Item Fair Haven New Jersey
Shampoo $1.67 $1.06
Movie $16.31 $10.68
Bowling $20.49 $14.67
Haircut $23.25 $18.62
Beauty Salon $60.79 $39.05

Detailed Fair Haven Groceries Costs Vs. New Jersey

Item Fair Haven New Jersey
Ground Beef $6.4 $4.22
Fried Chicken $2.65 $1.39
Milk $3.11 $2.05
Potatoes $4.16 $3.29
Pizza $12.33 $10.62
Beer $12.01 $9.38
Toothpaste $4.42 $2.34

Detailed Fair Haven Health Costs Vs. New Jersey

Item Fair Haven New Jersey
Optometrist $108.08 $108.57
Doctor $106.72 $116.17
Dentist $124.43 $99.13

Detailed Fair Haven Transportation Costs Vs. New Jersey

Item Fair Haven New Jersey
Gasoline $2.62 $2.22
Tire Balancing $80.22 $50.07

Detailed Fair Haven Utilities Costs Vs. New Jersey

Item Fair Haven New Jersey
All Electricity $157.7 $167.67
Phone $189.52 $175.64

Fair Haven SnackAbility

10
/10
Overall SnackAbility
Jobs
9/10
Housing
10
Affordability
5
Diversity
4
Safety
9
Amenities
8.5
Education
10
Commute
2

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 126, 0.7x Fair Haven.

  • Fairview, NJ has a cost of living index of 140, 0.7x 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 19,053 126 0.7x
Fairview, NJ 14,918 140 0.7x
West Freehold, NJ 14,565 136 0.7x
Fords, NJ 12,897 123 0.7x
Red Bank, NJ 12,825 145 0.8x
Freehold, NJ 12,485 119 0.6x
Yorketown, NJ 7,316 144 0.8x
Rumson, NJ 7,292 226 1.2x
Strathmore, NJ 7,119 129 0.7x
Lincroft, NJ 6,812 139 0.7x

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