Fords, NJ Cost Of Living
Cost Of Living In Fords, NJ Summary
Cost of living in Fords 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 Fords 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 Fords is 129, with 100 being the average.
The cost of living index in Fords is 1.3x higher than the national average.
Fords ranks as the #128 cheapest in New Jersey out of 260.
Fords ranks as the #4,942 cheapest out of 6,489 in the US.
The median home value in Fords is $526,995.
The median income in Fords is $116,250.
Table Of Contents
Fords's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Fords, NJ?
According to the most recent data on the cost of living, Fords has an overall cost of living index of 129, which is 1.3x higher than the national index of 100.
Compared to New Jersey, Fords has a cost of living index that's 1.1x higher than New Jersey's index of 122.
The standard of living in Fords ranks as #128 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Fords ranks as the #132 most expensive place in the Garden State.
For more reading on life in Fords, check out:
In New Jersey
In America
Fords Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Fords. Here is how it fairs on each of the criteria:
The Services index in Fords is 109.
The Groceries index in Fords is 102.
The Health index in Fords is 101.
The Housing index in Fords is 173.
The Transportation index in Fords is 106.
The Utilities index in Fords is 110.
| Living Expense | Fords | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 129 | 122 | 100 | |
| Services | 109 | 108 | 100 | |
| Groceries | 102 | 104 | 100 | |
| Health | 101 | 99 | 100 | |
| Housing | 173 | 159 | 100 | |
| Transportation | 106 | 101 | 100 | |
| Utilities | 110 | 107 | 100 | |
Fords, 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 Fords is $526,995.
The Median Rent in Fords is $1,976.
The Median Income in Fords is $116,250.
The Home Value To Income in Fords is 4.5x.
The Rent To Monthly Income in Fords is 0.2x.
| Statistic | Fords | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $526,995 | $564,432 | $303,400 |
| Median Rent | $1,976 | $1,653 | $1,348 |
| Median Income | $116,250 | $101,050 | $78,538 |
| Home Value To Income | 4.5x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Fords, NJ Costs By Category
Detailed Fords Services Costs Vs. New Jersey
| Item | Fords | 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 Fords Groceries Costs Vs. New Jersey
| Item | Fords | 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 Fords Health Costs Vs. New Jersey
| Item | Fords | New Jersey |
|---|---|---|
| Optometrist | $129.93 | $125.68 |
| Doctor | $124.1 | $135.78 |
| Dentist | $129.94 | $113.29 |
Detailed Fords Transportation Costs Vs. New Jersey
| Item | Fords | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $72.38 | $59.92 |
Detailed Fords Utilities Costs Vs. New Jersey
| Item | Fords | New Jersey |
|---|---|---|
| All Electricity | $223.08 | $193.99 |
| Phone | $186.61 | $192.25 |
Fords SnackAbility
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Cost Of Living In Cities Around Fords
The cost of living varies in the cities and towns around Fords. Here's a quick look at the cost of living in the most populous nearby places:
Perth Amboy, NJ has a cost of living index of 119, 0.9x Fords.
Westfield, NJ has a cost of living index of 178, 1.4x Fords.
Rahway, NJ has a cost of living index of 116, 0.9x Fords.
| City | Population | Cost Of Living | Vs. Fords |
|---|---|---|---|
| Perth Amboy, NJ | 55,278 | 119 | 0.9x |
| Westfield, NJ | 30,760 | 178 | 1.4x |
| Rahway, NJ | 29,748 | 116 | 0.9x |
| Woodbridge, NJ | 20,086 | 127 | 1.0x |
| Iselin, NJ | 19,151 | 131 | 1.0x |
| Colonia, NJ | 18,294 | 131 | 1.0x |
| Avenel, NJ | 17,143 | 122 | 0.9x |
| Metuchen, NJ | 14,982 | 144 | 1.1x |
| Middlesex, NJ | 14,518 | 126 | 1.0x |
| Bradley Gardens, NJ | 14,315 | 150 | 1.2x |
