Newton, NJ Cost Of Living
Cost Of Living In Newton, NJ Summary
Cost of living in Newton 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 Newton 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 Newton is 107, with 100 being the average.
The cost of living index in Newton is 1.1x higher than the national average.
Newton ranks as the #36 cheapest in New Jersey out of 260.
Newton ranks as the #3,374 cheapest out of 6,489 in the US.
The median home value in Newton is $441,552.
The median income in Newton is $73,679.
Table Of Contents
Newton's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Newton, NJ?
According to the most recent data on the cost of living, Newton has an overall cost of living index of 107, which is 1.1x higher than the national index of 100.
Compared to New Jersey, Newton has a cost of living index that's 0.9x lower than New Jersey's index of 122.
The standard of living in Newton ranks as #36 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Newton ranks as the #224 most expensive place in the Garden State.
For more reading on life in Newton, check out:
In New Jersey
In America
Newton Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Newton. Here is how it fairs on each of the criteria:
The Services index in Newton is 101.
The Groceries index in Newton is 103.
The Health index in Newton is 98.
The Housing index in Newton is 119.
The Transportation index in Newton is 93.
The Utilities index in Newton is 104.
| Living Expense | Newton | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 107 | 122 | 100 | |
| Services | 101 | 108 | 100 | |
| Groceries | 103 | 104 | 100 | |
| Health | 98 | 99 | 100 | |
| Housing | 119 | 159 | 100 | |
| Transportation | 93 | 101 | 100 | |
| Utilities | 104 | 107 | 100 | |
Newton, 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 Newton is $441,552.
The Median Rent in Newton is $1,383.
The Median Income in Newton is $73,679.
The Home Value To Income in Newton is 6.0x.
The Rent To Monthly Income in Newton is 0.23x.
| Statistic | Newton | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $441,552 | $564,432 | $303,400 |
| Median Rent | $1,383 | $1,653 | $1,348 |
| Median Income | $73,679 | $101,050 | $78,538 |
| Home Value To Income | 6.0x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.23x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Newton, NJ Costs By Category
Detailed Newton Services Costs Vs. New Jersey
| Item | Newton | New Jersey |
|---|---|---|
| Shampoo | $1.44 | $1.28 |
| Movie | $14.15 | $12.13 |
| Bowling | $25.03 | $18 |
| Haircut | $29.17 | $24.26 |
| Beauty Salon | $40.36 | $45.56 |
Detailed Newton Groceries Costs Vs. New Jersey
| Item | Newton | New Jersey |
|---|---|---|
| Ground Beef | $5.64 | $5.84 |
| Fried Chicken | $1.55 | $1.57 |
| Milk | $4.74 | $4.67 |
| Potatoes | $5.21 | $4.93 |
| Pizza | $11.49 | $12.09 |
| Beer | $11.66 | $10.41 |
| Toothpaste | $3.66 | $3.7 |
Detailed Newton Health Costs Vs. New Jersey
| Item | Newton | New Jersey |
|---|---|---|
| Optometrist | $105.11 | $125.68 |
| Doctor | $117.94 | $135.78 |
| Dentist | $121.22 | $113.29 |
Detailed Newton Transportation Costs Vs. New Jersey
| Item | Newton | New Jersey |
|---|---|---|
| Gasoline | $3.45 | $3.46 |
| Tire Balancing | $77.33 | $59.92 |
Detailed Newton Utilities Costs Vs. New Jersey
| Item | Newton | New Jersey |
|---|---|---|
| All Electricity | $230.68 | $193.99 |
| Phone | $186.61 | $192.25 |
Newton SnackAbility
/10
Cost Of Living In Cities Around Newton
The cost of living varies in the cities and towns around Newton. Here's a quick look at the cost of living in the most populous nearby places:
Dover, NJ has a cost of living index of 116, 1.1x Newton.
Hopatcong, NJ has a cost of living index of 113, 1.1x Newton.
Budd Lake, NJ has a cost of living index of 119, 1.1x Newton.
| City | Population | Cost Of Living | Vs. Newton |
|---|---|---|---|
| Dover, NJ | 18,420 | 116 | 1.1x |
| Hopatcong, NJ | 14,470 | 113 | 1.1x |
| Budd Lake, NJ | 10,106 | 119 | 1.1x |
| Kinnelon, NJ | 9,971 | 160 | 1.5x |
| Succasunna, NJ | 9,866 | 134 | 1.3x |
| Lake Mohawk, NJ | 9,116 | 126 | 1.2x |
| White Meadow Lake, NJ | 8,706 | 131 | 1.2x |
| Wharton, NJ | 7,254 | 123 | 1.1x |
| Mount Arlington, NJ | 5,901 | 126 | 1.2x |
