Fanwood, NJ Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
149
Fanwood's Overall Cost Of Living
1.5x
Higher Than The National Average
199 out of 251
In New Jersey
5,822 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Fanwood is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Fanwood, NJ?

According to the most recent data on the cost of living, Fanwood has an overall cost of living index of 149 which is 1.5x higher than the national index of 100.

Compared to only New Jersey, Fanwood has a cost of living index that's 1.2x higher than New Jersey's index of 121.

The standard of living in Fanwood ranks as #5,825 most affordable out of the 6,418 places we measured in New Jersey. By definition, that implies Fanwood ranks as the #593 most expensive place in the Garden State.

For more reading on life in Fanwood, check out:

Fanwood Cost Of Living Vs. New Jersey

Living Expense Fanwood New Jersey National Average
Overall 149 121 100
Services 112 107 100
Groceries 109 107 100
Health 104 100 100
Housing 246 160 100
Transportation 108 106 100
Utilities 102 98 100
For more reading on cost of living around New Jersey, check out:
Fanwood Cost of Living Vs. NJ

Fanwood, NJ Housing Cost Breakdown

Housing swings affordability the most between places in New Jersey, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$495,700
Median Home Value
$1,859
Median Rent
$171,023
Median Income
Statistic Fanwood New Jersey United States
Median Home Value $495,700 $343,500 $229,800
Median Rent $1,859 $1,368 $1,096
Median Income $171,023 $85,245 $64,994
Home Value To Income 2.9x 4.0x 3.5x
Rent To Monthly Income 0.13x 0.19x 0.2x

Detailed Fanwood Services Costs Vs. New Jersey

Item Fanwood New Jersey
Shampoo $1.03 $1.06
Movie $12.59 $10.68
Bowling $17.73 $14.67

Detailed Fanwood Groceries Costs Vs. New Jersey

Item Fanwood New Jersey
Ground Beef $3.87 $4.22
Fried Chicken $1.67 $1.39
Milk $2.41 $2.05

Detailed Fanwood Health Costs Vs. New Jersey

Item Fanwood New Jersey
Haircut $20.73 $18.62
Beauty Salon $36.4 $39.05
Toothpaste $2.16 $2.34

Detailed Fanwood Transportation Costs Vs. New Jersey

Item Fanwood New Jersey
Potatoes $3.09 $3.29
Pizza $11.4 $10.62
Beer $9.19 $9.38
Optometrist $101.33 $108.57
Doctor $94.5 $116.17
Dentist $113.15 $99.13

Detailed Fanwood Utilities Costs Vs. New Jersey

Item Fanwood New Jersey
Gasoline $2.26 $2.22
Tire Balancing $56.66 $50.07
All Electricity $174.26 $167.67
Phone $179.87 $175.64

Fanwood SnackAbility

10
/10
Overall SnackAbility
Jobs
8.5/10
Housing
9.5
Affordability
8.5
Diversity
8
Safety
9
Amenities
9
Education
9.5
Commute
1

Cost Of Living In Cities Around Fanwood

City Population Cost Of Living Vs. Fanwood
Plainfield, NJ 50,252 114 0.8x
Westfield, NJ 29,690 170 1.1x
South Plainfield, NJ 23,961 126 0.8x
Summit, NJ 21,913 185 1.2x
North Plainfield, NJ 21,445 119 0.8x
Colonia, NJ 17,782 127 0.9x
Bradley Gardens, NJ 14,714 144 1.0x
Middlesex, NJ 13,606 123 0.8x
New Providence, NJ 13,382 154 1.0x
Florham Park, NJ 11,719 165 1.1x

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