Matawan, NJ Cost Of Living
Cost Of Living In Matawan, NJ Summary
Cost of living in Matawan 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 Matawan 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 Matawan is 129, with 100 being the average.
The cost of living index in Matawan is 1.3x higher than the national average.
Matawan ranks as the #128 cheapest in New Jersey out of 260.
Matawan ranks as the #4,942 cheapest out of 6,489 in the US.
The median home value in Matawan is $634,555.
The median income in Matawan is $122,026.
Table Of Contents
Matawan's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Matawan, NJ?
According to the most recent data on the cost of living, Matawan has an overall cost of living index of 129, which is 1.3x higher than the national index of 100.
Compared to New Jersey, Matawan has a cost of living index that's 1.1x higher than New Jersey's index of 122.
The standard of living in Matawan ranks as #128 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Matawan ranks as the #132 most expensive place in the Garden State.
For more reading on life in Matawan, check out:
In New Jersey
In America
Matawan Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Matawan. Here is how it fairs on each of the criteria:
The Services index in Matawan is 113.
The Groceries index in Matawan is 104.
The Health index in Matawan is 103.
The Housing index in Matawan is 184.
The Transportation index in Matawan is 106.
The Utilities index in Matawan is 110.
| Living Expense | Matawan | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 129 | 122 | 100 | |
| Services | 113 | 108 | 100 | |
| Groceries | 104 | 104 | 100 | |
| Health | 103 | 99 | 100 | |
| Housing | 184 | 159 | 100 | |
| Transportation | 106 | 101 | 100 | |
| Utilities | 110 | 107 | 100 | |
Matawan, 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 Matawan is $634,555.
The Median Rent in Matawan is $1,714.
The Median Income in Matawan is $122,026.
The Home Value To Income in Matawan is 5.2x.
The Rent To Monthly Income in Matawan is 0.17x.
| Statistic | Matawan | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $634,555 | $564,432 | $303,400 |
| Median Rent | $1,714 | $1,653 | $1,348 |
| Median Income | $122,026 | $101,050 | $78,538 |
| Home Value To Income | 5.2x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Matawan, NJ Costs By Category
Detailed Matawan Services Costs Vs. New Jersey
| Item | Matawan | 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 Matawan Groceries Costs Vs. New Jersey
| Item | Matawan | 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 Matawan Health Costs Vs. New Jersey
| Item | Matawan | New Jersey |
|---|---|---|
| Optometrist | $129.93 | $125.68 |
| Doctor | $124.1 | $135.78 |
| Dentist | $129.94 | $113.29 |
Detailed Matawan Transportation Costs Vs. New Jersey
| Item | Matawan | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $72.38 | $59.92 |
Detailed Matawan Utilities Costs Vs. New Jersey
| Item | Matawan | New Jersey |
|---|---|---|
| All Electricity | $223.08 | $193.99 |
| Phone | $186.61 | $192.25 |
Matawan SnackAbility
/10
Cost Of Living In Cities Around Matawan
The cost of living varies in the cities and towns around Matawan. 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, 1.4x Matawan.
Old Bridge, NJ has a cost of living index of 128, 1.0x Matawan.
Colonia, NJ has a cost of living index of 131, 1.0x Matawan.
| City | Population | Cost Of Living | Vs. Matawan |
|---|---|---|---|
| Westfield, NJ | 30,760 | 178 | 1.4x |
| Old Bridge, NJ | 28,015 | 128 | 1.0x |
| Colonia, NJ | 18,294 | 131 | 1.0x |
| Middlesex, NJ | 14,518 | 126 | 1.0x |
| Kendall Park, NJ | 10,765 | 142 | 1.1x |
| Keansburg, NJ | 9,729 | 108 | 0.8x |
| Madison Park, NJ | 8,798 | 120 | 0.9x |
| Twin Rivers, NJ | 8,315 | 118 | 0.9x |
| Fanwood, NJ | 7,714 | 150 | 1.2x |
| Yorketown, NJ | 7,265 | 140 | 1.1x |
