Fair Lawn, NJ Cost Of Living
Cost Of Living In Fair Lawn, NJ Summary
Cost of living in Fair Lawn 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 Lawn 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 Lawn is 144, with 100 being the average.
The cost of living index in Fair Lawn is 1.4x higher than the national average.
Fair Lawn ranks as the #190 cheapest in New Jersey out of 260.
Fair Lawn ranks as the #5,533 cheapest out of 6,489 in the US.
The median home value in Fair Lawn is $692,497.
The median income in Fair Lawn is $147,952.
Table Of Contents
Fair Lawn's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Fair Lawn, NJ?
According to the most recent data on the cost of living, Fair Lawn has an overall cost of living index of 144, which is 1.4x higher than the national index of 100.
Compared to New Jersey, Fair Lawn has a cost of living index that's 1.2x higher than New Jersey's index of 122.
The standard of living in Fair Lawn ranks as #190 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Fair Lawn ranks as the #70 most expensive place in the Garden State.
For more reading on life in Fair Lawn, check out:
In New Jersey
In America
Fair Lawn Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Fair Lawn. Here is how it fairs on each of the criteria:
The Services index in Fair Lawn is 109.
The Groceries index in Fair Lawn is 103.
The Health index in Fair Lawn is 95.
The Housing index in Fair Lawn is 225.
The Transportation index in Fair Lawn is 109.
The Utilities index in Fair Lawn is 110.
| Living Expense | Fair Lawn | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 144 | 122 | 100 | |
| Services | 109 | 108 | 100 | |
| Groceries | 103 | 104 | 100 | |
| Health | 95 | 99 | 100 | |
| Housing | 225 | 159 | 100 | |
| Transportation | 109 | 101 | 100 | |
| Utilities | 110 | 107 | 100 | |
Fair Lawn, 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 Lawn is $692,497.
The Median Rent in Fair Lawn is $1,908.
The Median Income in Fair Lawn is $147,952.
The Home Value To Income in Fair Lawn is 4.7x.
The Rent To Monthly Income in Fair Lawn is 0.15x.
| Statistic | Fair Lawn | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $692,497 | $564,432 | $303,400 |
| Median Rent | $1,908 | $1,653 | $1,348 |
| Median Income | $147,952 | $101,050 | $78,538 |
| Home Value To Income | 4.7x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.15x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Fair Lawn, NJ Costs By Category
Detailed Fair Lawn Services Costs Vs. New Jersey
| Item | Fair Lawn | New Jersey |
|---|---|---|
| Shampoo | $1.48 | $1.28 |
| Movie | $15.78 | $12.13 |
| Bowling | $21.0 | $18 |
| Haircut | $25.62 | $24.26 |
| Beauty Salon | $41.67 | $45.56 |
Detailed Fair Lawn Groceries Costs Vs. New Jersey
| Item | Fair Lawn | New Jersey |
|---|---|---|
| Ground Beef | $5.65 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.71 | $4.67 |
| Potatoes | $5.37 | $4.93 |
| Pizza | $11.49 | $12.09 |
| Beer | $11.33 | $10.41 |
| Toothpaste | $3.72 | $3.7 |
Detailed Fair Lawn Health Costs Vs. New Jersey
| Item | Fair Lawn | New Jersey |
|---|---|---|
| Optometrist | $157.11 | $125.68 |
| Doctor | $115.59 | $135.78 |
| Dentist | $124.27 | $113.29 |
Detailed Fair Lawn Transportation Costs Vs. New Jersey
| Item | Fair Lawn | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $82.67 | $59.92 |
Detailed Fair Lawn Utilities Costs Vs. New Jersey
| Item | Fair Lawn | New Jersey |
|---|---|---|
| All Electricity | $236.04 | $193.99 |
| Phone | $186.61 | $192.25 |
Fair Lawn SnackAbility
/10
Cost Of Living In Cities Around Fair Lawn
The cost of living varies in the cities and towns around Fair Lawn. Here's a quick look at the cost of living in the most populous nearby places:
Paterson, NJ has a cost of living index of 114, 0.8x Fair Lawn.
Garfield, NJ has a cost of living index of 130, 0.9x Fair Lawn.
Paramus, NJ has a cost of living index of 169, 1.2x Fair Lawn.
| City | Population | Cost Of Living | Vs. Fair Lawn |
|---|---|---|---|
| Paterson, NJ | 157,660 | 114 | 0.8x |
| Garfield, NJ | 32,502 | 130 | 0.9x |
| Paramus, NJ | 26,500 | 169 | 1.2x |
| Ridgewood, NJ | 26,076 | 180 | 1.2x |
| Elmwood Park, NJ | 21,287 | 135 | 0.9x |
| Eastchester, NY | 20,519 | 167 | 1.2x |
| Hawthorne, NJ | 19,472 | 135 | 0.9x |
| Scarsdale, NY | 18,005 | 279 | 1.9x |
| Glen Rock, NJ | 12,082 | 165 | 1.1x |
| Maywood, NJ | 10,042 | 141 | 1.0x |
