Cost of living in Middlesex 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 Middlesex 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 Middlesex is 123, with 100 being the average.
The cost of living index in Middlesex is 1.2x higher than the national average.
Middlesex ranks as the #109 cheapest in New Jersey out of 251.
Middlesex ranks as the #4,954 cheapest out of 6,412 in the US.
The median home value in Middlesex is $333,200.
The median income in Middlesex is $90,162.
According to the most recent data on the cost of living, Middlesex has an overall cost of living index of 123, which is 1.2x higher than the national index of 100.
Compared to New Jersey, Middlesex has a cost of living index that's 1.1x higher than New Jersey's index of 111.
The standard of living in Middlesex ranks as #109 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Middlesex ranks as the #142 most expensive place in the Garden State.
For more reading on life in Middlesex, check out:
Six factors go into calculating the cost of living index in Middlesex. Here is how it fairs on each of the criteria:
The Services index in Middlesex is 114.
The Groceries index in Middlesex is 108.
The Health index in Middlesex is 102.
The Housing index in Middlesex is 154.
The Transportation index in Middlesex is 106.
The Utilities index in Middlesex is 104.
|Living Expense||Middlesex||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 Middlesex is $333,200.
The Median Rent in Middlesex is $1,574.
The Median Income in Middlesex is $90,162.
The Home Value To Income in Middlesex is 3.7x.
The Rent To Monthly Income in Middlesex is 0.21x.
|Statistic||Middlesex||New Jersey||United States|
|Median Home Value||$333,200||$355,700||$244,900|
|Home Value To Income||3.7x||4.0x||3.5x|
|Rent To Monthly Income||0.21x||0.19x||0.2x|
The cost of living varies in the cities and towns around Middlesex. 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 170, 1.4x Middlesex.
Somerset, NJ has a cost of living index of 123, 1.0x Middlesex.
South Plainfield, NJ has a cost of living index of 126, 1.0x Middlesex.
|City||Population||Cost Of Living||Vs. Middlesex|
|South Plainfield, NJ||24,251||126||1.0x|
|North Plainfield, NJ||22,635||119||1.0x|
|Bradley Gardens, NJ||14,798||144||1.2x|
|New Providence, NJ||13,570||154||1.3x|
|Florham Park, NJ||12,655||165||1.3x|
|Bound Brook, NJ||11,799||120||1.0x|