Newton, NJ Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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 106, with 100 being the average.

  • The cost of living index in Newton is 1.1x higher than the national average.

  • Newton ranks as the #28 cheapest in New Jersey out of 251.

  • Newton ranks as the #3,772 cheapest out of 6,412 in the US.

  • The median home value in Newton is $229,100.

  • The median income in Newton is $69,107.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
106
Newton's Overall Cost Of Living
1.1x
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 106, which is 1.1x higher than the national index of 100.

Compared to New Jersey, Newton has a cost of living index that's 1.0x lower than New Jersey's index of 111.

The standard of living in Newton ranks as #28 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Newton ranks as the #223 most expensive place in the Garden State.

For more reading on life in Newton, check out:

28 out of 251
In New Jersey
3,772 out of 6,412
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 105.

  • The Groceries index in Newton is 113.

  • The Health index in Newton is 102.

  • The Housing index in Newton is 114.

  • The Transportation index in Newton is 112.

  • The Utilities index in Newton is 94.

Living Expense Newton New Jersey National Average
Overall 106 111 100
Services 105 104 100
Groceries 113 104 100
Health 102 95 100
Housing 114 130 100
Transportation 112 106 100
Utilities 94 108 100
For more reading on cost of living around New Jersey, check out:
Newton Cost of Living Vs. NJ

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 2017-2021. The key points are:

  • The Median Home Value in Newton is $229,100.

  • The Median Rent in Newton is $1,139.

  • The Median Income in Newton is $69,107.

  • The Home Value To Income in Newton is 3.3x.

  • The Rent To Monthly Income in Newton is 0.2x.

Statistic Newton New Jersey United States
Median Home Value $229,100 $355,700 $244,900
Median Rent $1,139 $1,436 $1,163
Median Income $69,107 $89,703 $69,021
Home Value To Income 3.3x 4.0x 3.5x
Rent To Monthly Income 0.2x 0.19x 0.2x
Search Homes For Sale In Newton, NJ
$229,100
Median Home Value
$1,139
Median Rent
$69,107
Median Income

Newton, NJ Costs By Category

Detailed Newton Services Costs Vs. New Jersey

Item Newton New Jersey
Shampoo $1.09 $1.06
Movie $12.38 $10.68
Bowling $20.56 $14.67
Haircut $20.96 $18.62
Beauty Salon $45.37 $39.05

Detailed Newton Groceries Costs Vs. New Jersey

Item Newton New Jersey
Ground Beef $4.21 $4.22
Fried Chicken $1.94 $1.39
Milk $2.37 $2.05
Potatoes $3.52 $3.29
Pizza $11.27 $10.62
Beer $8.27 $9.38
Toothpaste $2.06 $2.34

Detailed Newton Health Costs Vs. New Jersey

Item Newton New Jersey
Optometrist $92.33 $108.57
Doctor $99.57 $116.17
Dentist $116.16 $99.13

Detailed Newton Transportation Costs Vs. New Jersey

Item Newton New Jersey
Gasoline $2.45 $2.22
Tire Balancing $53.07 $50.07

Detailed Newton Utilities Costs Vs. New Jersey

Item Newton New Jersey
All Electricity $147.86 $167.67
Phone $179.87 $175.64

Newton SnackAbility

6
/10
Overall SnackAbility
Jobs
7/10
Housing
8.5
Affordability
6
Diversity
8
Safety
8.5
Amenities
8.5
Education
8
Commute
5

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 118, 1.1x Newton.

  • Hopatcong, NJ has a cost of living index of 111, 1.0x Newton.

  • Kinnelon, NJ has a cost of living index of 152, 1.4x Newton.

City Population Cost Of Living Vs. Newton
Dover, NJ 18,418 118 1.1x
Hopatcong, NJ 14,395 111 1.0x
Kinnelon, NJ 9,994 152 1.4x
Budd Lake, NJ 9,971 118 1.1x
Succasunna, NJ 9,530 134 1.3x
Lake Mohawk, NJ 9,503 121 1.1x
White Meadow Lake, NJ 9,069 129 1.2x
Wharton, NJ 7,175 117 1.1x
Mount Arlington, NJ 5,812 122 1.2x

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