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 154, which is 1.5x higher than the national index of 100.
Compared to New Jersey, Fanwood has a cost of living index that's 1.2x higher than New Jersey's index of 125.
The standard of living in Fanwood ranks as #210 most affordable out of the 262 places we measured in New Jersey. By definition, that implies Fanwood ranks as the #52 most expensive place in the Garden State.
For more reading on life in Fanwood, check out:
Fanwood Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Fanwood. Here is how it fares on each of the criteria:
The Services index in Fanwood is 107.
The Groceries index in Fanwood is 112.
The Health index in Fanwood is 251.
The Housing index in Fanwood is 109.
The Transportation index in Fanwood is 110.
The Utilities index in Fanwood is 110.
| Living Expense | Fanwood | New Jersey | National Average |
|---|---|---|---|
| Overall | 154 | 125 | 100 |
| Services | 107 | 107 | 100 |
| Groceries | 112 | 113 | 100 |
| Health | 251 | 155 | 100 |
| Housing | 109 | 116 | 100 |
| Transportation | 110 | 112 | 100 |
| Utilities | 110 | 113 | 100 |
Fanwood Cost Of Living Compared To New Jersey Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New Jersey, check out:
Protect your home budget Compare home warranties in Fanwood Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Fanwood, 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 2020-2024. The key points are:
The Median Home Value in Fanwood is $791,728.
The Median Rent in Fanwood is $2,446.
The Median Income in Fanwood is $195,529.
The Home Value To Income in Fanwood is 4.0x.
The Rent To Monthly Income in Fanwood is 0.15x.
| Statistic | Fanwood | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $791,728 | $569,411 | $332,700 |
| Median Rent | $2,446 | $1,720 | $1,413 |
| Median Income | $195,529 | $103,556 | $80,734 |
| Home Value To Income | 4.0x | 5.5x | 4.1x |
| Rent To Monthly Income | 0.15x | 0.2x | 0.21x |
Fanwood, NJ Costs By Category
Detailed Fanwood Services costs vs. New Jersey
| Item | Fanwood | New Jersey |
|---|---|---|
| Shampoo | $1.53 | $1.28 |
| Movie | $14.53 | $12.13 |
| Bowling | $20.98 | $18 |
| Haircut | $30.25 | $24.26 |
| Beauty Salon | $53.0 | $45.56 |
Detailed Fanwood Groceries costs vs. New Jersey
| Item | Fanwood | New Jersey |
|---|---|---|
| Ground Beef | $6.13 | $5.84 |
| Fried Chicken | $1.41 | $1.57 |
| Milk | $4.7 | $4.67 |
| Potatoes | $5.32 | $4.93 |
| Pizza | $12.59 | $12.09 |
| Beer | $11.12 | $10.41 |
| Toothpaste | $3.75 | $3.7 |
Detailed Fanwood Health costs vs. New Jersey
| Item | Fanwood | New Jersey |
|---|---|---|
| Optometrist | $129.93 | $125.68 |
| Doctor | $124.1 | $135.78 |
| Dentist | $129.94 | $113.29 |
Detailed Fanwood Transportation costs vs. New Jersey
| Item | Fanwood | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $72.38 | $59.92 |
Detailed Fanwood Utilities costs vs. New Jersey
| Item | Fanwood | New Jersey |
|---|---|---|
| All Electricity | $223.08 | $193.99 |
| Phone | $186.61 | $192.25 |
Fanwood SnackAbility
Cost Of Living In Cities Around Fanwood
The cost of living varies in the cities and towns around Fanwood. Here's a quick look at the cost of living in the most populous nearby places:
Plainfield, NJ has a cost of living index of 122, 0.8x Fanwood.
Westfield, NJ has a cost of living index of 182, 1.2x Fanwood.
South Plainfield, NJ has a cost of living index of 136, 0.9x Fanwood.
| City | Population | Cost Of Living | Vs. Fanwood |
|---|---|---|---|
| Plainfield, NJ | 55,236 | 122 | 0.8x |
| Westfield, NJ | 31,111 | 182 | 1.2x |
| South Plainfield, NJ | 24,473 | 136 | 0.9x |
| North Plainfield, NJ | 22,809 | 126 | 0.8x |
| Summit, NJ | 22,705 | 190 | 1.2x |
| Colonia, NJ | 18,587 | 136 | 0.9x |
| Middlesex, NJ | 14,645 | 128 | 0.8x |
| Bradley Gardens, NJ | 14,165 | 152 | 1.0x |
| New Providence, NJ | 13,727 | 167 | 1.1x |
| Florham Park, NJ | 13,564 | 174 | 1.1x |
