Fanwood, NJ Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2021-02-06
150
Fanwood's Overall Cost Of Living
1.5x
Higher Than The National Average
201 out of 247
In New Jersey
5,831 out of 6,399
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 150 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 123.

The standard of living in Fanwood ranks as #5,835 most affordable out of the 6,522 places we measured in New Jersey. By definition, that implies Fanwood ranks as the #571 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 150 123 100
Services 114 111 100
Groceries 107 110 100
Health 104 102 100
Housing 245 158 100
Transportation 107 110 100
Utilities 104 100 100
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.

$467,800
Median Home Value
$2,710
Median Rent
$147,905
Median Income
Statistic Fanwood New Jersey United States
Median Home Value $467,800 $335,600 $217,500
Median Rent $2,710 $1,334 $1,062
Median Income $147,905 $82,545 $62,843
Home Value To Income 3.2x 4.1x 3.5x
Rent To Monthly Income 0.22x 0.19x 0.2x

Detailed Fanwood Services Costs Vs. New Jersey

Item Fanwood New Jersey
Shampoo $1.09 $1.01
Movie $12.01 $10.72
Bowling $18.0 $13.86

Detailed Fanwood Groceries Costs Vs. New Jersey

Item Fanwood New Jersey
Ground Beef $3.85 $3.9
Fried Chicken $1.49 $1.4
Milk $2.23 $1.96

Detailed Fanwood Health Costs Vs. New Jersey

Item Fanwood New Jersey
Haircut $21.6 $17.49
Beauty Salon $40.8 $38.17
Toothpaste $1.99 $2.32

Detailed Fanwood Transportation Costs Vs. New Jersey

Item Fanwood New Jersey
Potatoes $3.19 $3.18
Pizza $12.19 $10.39
Beer $9.19 $9.23
Optometrist $105.0 $106.34
Doctor $99.0 $115.25
Dentist $115.0 $98.38

Detailed Fanwood Utilities Costs Vs. New Jersey

Item Fanwood New Jersey
Gasoline $2.72 $2.59
Tire Balancing $55.99 $48.9
All Electricity $184.0 $167.6
Phone $177.03 $163.42

Fanwood SnackAbility

10
/10
Overall SnackAbility
Jobs
8/10
Housing
10
Affordability
6
Diversity
8
Safety
9.5
Amenities
9
Education
10
Commute
3

Cost Of Living In Cities Around Fanwood

City Population Cost Of Living Vs. Fanwood
Plainfield, NJ 50,362 115 0.8x
Westfield, NJ 29,877 170 1.1x
South Plainfield, NJ 23,956 128 0.9x
Summit, NJ 21,913 181 1.2x
North Plainfield, NJ 21,501 119 0.8x
Colonia, NJ 17,801 128 0.9x
Bradley Gardens, NJ 14,400 144 1.0x
Middlesex, NJ 13,662 124 0.8x
New Providence, NJ 13,049 151 1.0x
Florham Park, NJ 11,623 162 1.1x

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