Cost of living in Heathcote 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 Heathcote 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 Heathcote is 139, with 100 being the average.
The cost of living index in Heathcote is 1.4x higher than the national average.
Heathcote ranks as the #170 cheapest in New Jersey out of 251.
Heathcote ranks as the #5,546 cheapest out of 6,412 in the US.
The median home value in Heathcote is $452,900.
The median income in Heathcote is $110,938.
According to the most recent data on the cost of living, Heathcote has an overall cost of living index of 139, which is 1.4x higher than the national index of 100.
Compared to New Jersey, Heathcote has a cost of living index that's 1.3x higher than New Jersey's index of 111.
The standard of living in Heathcote ranks as #170 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Heathcote ranks as the #81 most expensive place in the Garden State.
For more reading on life in Heathcote, check out:
Six factors go into calculating the cost of living index in Heathcote. Here is how it fairs on each of the criteria:
The Services index in Heathcote is 114.
The Groceries index in Heathcote is 108.
The Health index in Heathcote is 104.
The Housing index in Heathcote is 204.
The Transportation index in Heathcote is 105.
The Utilities index in Heathcote is 101.
|Living Expense||Heathcote||New Jersey||National Average|
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 2017-2021. The key points are:
The Median Home Value in Heathcote is $452,900.
The Median Rent in Heathcote is $1,525.
The Median Income in Heathcote is $110,938.
The Home Value To Income in Heathcote is 4.1x.
The Rent To Monthly Income in Heathcote is 0.16x.
|Statistic||Heathcote||New Jersey||United States|
|Median Home Value||$452,900||$355,700||$244,900|
|Home Value To Income||4.1x||4.0x||3.5x|
|Rent To Monthly Income||0.16x||0.19x||0.2x|
The cost of living varies in the cities and towns around Heathcote. Here's a quick look at the cost of living in the most populous nearby places:
Colonia, NJ has a cost of living index of 127, 0.9x Heathcote.
Princeton Meadows, NJ has a cost of living index of 129, 0.9x Heathcote.
Bradley Gardens, NJ has a cost of living index of 144, 1.0x Heathcote.
|City||Population||Cost Of Living||Vs. Heathcote|
|Princeton Meadows, NJ||15,491||129||0.9x|
|Bradley Gardens, NJ||14,798||144||1.0x|
|Franklin Park, NJ||13,686||124||0.9x|
|Hamilton Square, NJ||12,244||130||0.9x|
|Kendall Park, NJ||10,560||131||0.9x|
|Monmouth Junction, NJ||9,728||138||1.0x|