Martinsville, NJ Cost Of Living
Cost Of Living In Martinsville, NJ Summary
Cost of living in Martinsville 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 Martinsville 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 Martinsville is 159, with 100 being the average.
The cost of living index in Martinsville is 1.6x higher than the national average.
Martinsville ranks as the #217 cheapest in New Jersey out of 260.
Martinsville ranks as the #5,877 cheapest out of 6,489 in the US.
The median home value in Martinsville is $927,564.
The median income in Martinsville is $206,839.
Table Of Contents
Martinsville's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Martinsville, NJ?
According to the most recent data on the cost of living, Martinsville has an overall cost of living index of 159, which is 1.6x higher than the national index of 100.
Compared to New Jersey, Martinsville has a cost of living index that's 1.3x higher than New Jersey's index of 122.
The standard of living in Martinsville ranks as #217 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Martinsville ranks as the #43 most expensive place in the Garden State.
For more reading on life in Martinsville, check out:
In New Jersey
In America
Martinsville Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Martinsville. Here is how it fairs on each of the criteria:
The Services index in Martinsville is 113.
The Groceries index in Martinsville is 103.
The Health index in Martinsville is 101.
The Housing index in Martinsville is 279.
The Transportation index in Martinsville is 105.
The Utilities index in Martinsville is 109.
| Living Expense | Martinsville | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 159 | 122 | 100 | |
| Services | 113 | 108 | 100 | |
| Groceries | 103 | 104 | 100 | |
| Health | 101 | 99 | 100 | |
| Housing | 279 | 159 | 100 | |
| Transportation | 105 | 101 | 100 | |
| Utilities | 109 | 107 | 100 | |
Martinsville, 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 Martinsville is $927,564.
The Median Rent in Martinsville is $2,183.
The Median Income in Martinsville is $206,839.
The Home Value To Income in Martinsville is 4.5x.
The Rent To Monthly Income in Martinsville is 0.13x.
| Statistic | Martinsville | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $927,564 | $564,432 | $303,400 |
| Median Rent | $2,183 | $1,653 | $1,348 |
| Median Income | $206,839 | $101,050 | $78,538 |
| Home Value To Income | 4.5x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.13x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Martinsville, NJ Costs By Category
Detailed Martinsville Services Costs Vs. New Jersey
| Item | Martinsville | 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 Martinsville Groceries Costs Vs. New Jersey
| Item | Martinsville | 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 Martinsville Health Costs Vs. New Jersey
| Item | Martinsville | New Jersey |
|---|---|---|
| Optometrist | $129.93 | $125.68 |
| Doctor | $124.1 | $135.78 |
| Dentist | $129.94 | $113.29 |
Detailed Martinsville Transportation Costs Vs. New Jersey
| Item | Martinsville | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $72.38 | $59.92 |
Detailed Martinsville Utilities Costs Vs. New Jersey
| Item | Martinsville | New Jersey |
|---|---|---|
| All Electricity | $223.08 | $193.99 |
| Phone | $186.61 | $192.25 |
Martinsville SnackAbility
/10
Cost Of Living In Cities Around Martinsville
The cost of living varies in the cities and towns around Martinsville. Here's a quick look at the cost of living in the most populous nearby places:
Westfield, NJ has a cost of living index of 178, 1.1x Martinsville.
Middlesex, NJ has a cost of living index of 126, 0.8x Martinsville.
Bradley Gardens, NJ has a cost of living index of 150, 0.9x Martinsville.
| City | Population | Cost Of Living | Vs. Martinsville |
|---|---|---|---|
| Westfield, NJ | 30,760 | 178 | 1.1x |
| Middlesex, NJ | 14,518 | 126 | 0.8x |
| Bradley Gardens, NJ | 14,315 | 150 | 0.9x |
| Florham Park, NJ | 13,134 | 165 | 1.0x |
| Somerville, NJ | 12,958 | 128 | 0.8x |
| Bound Brook, NJ | 12,023 | 120 | 0.8x |
| Manville, NJ | 10,870 | 119 | 0.7x |
| Succasunna, NJ | 9,866 | 134 | 0.8x |
| Raritan, NJ | 8,192 | 131 | 0.8x |
| Bernardsville, NJ | 7,871 | 162 | 1.0x |
