Princeton Meadows, NJ Cost Of Living
Cost Of Living In Princeton Meadows, NJ Summary
Cost of living in Princeton Meadows 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 Princeton Meadows 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 Princeton Meadows is 129, with 100 being the average.
The cost of living index in Princeton Meadows is 1.3x higher than the national average.
Princeton Meadows ranks as the #135 cheapest in New Jersey out of 251.
Princeton Meadows ranks as the #5,222 cheapest out of 6,412 in the US.
The median home value in Princeton Meadows is $547,200.
The median income in Princeton Meadows is $112,205.
Table Of Contents
Princeton Meadows's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Princeton Meadows, NJ?
According to the most recent data on the cost of living, Princeton Meadows has an overall cost of living index of 129, which is 1.3x higher than the national index of 100.
Compared to New Jersey, Princeton Meadows has a cost of living index that's 1.2x higher than New Jersey's index of 111.
The standard of living in Princeton Meadows ranks as #135 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Princeton Meadows ranks as the #116 most expensive place in the Garden State.
For more reading on life in Princeton Meadows, check out:
- Living In Princeton Meadows
- Search Homes For Sale In Princeton Meadows, NJ
In New Jersey
In America
Princeton Meadows Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Princeton Meadows. Here is how it fairs on each of the criteria:
The Services index in Princeton Meadows is 112.
The Groceries index in Princeton Meadows is 107.
The Health index in Princeton Meadows is 103.
The Housing index in Princeton Meadows is 176.
The Transportation index in Princeton Meadows is 107.
The Utilities index in Princeton Meadows is 103.
| Living Expense | Princeton Meadows | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 129 | 111 | 100 | |
| Services | 112 | 104 | 100 | |
| Groceries | 107 | 104 | 100 | |
| Health | 103 | 95 | 100 | |
| Housing | 176 | 130 | 100 | |
| Transportation | 107 | 106 | 100 | |
| Utilities | 103 | 108 | 100 | |
Princeton Meadows, 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 Princeton Meadows is $547,200.
The Median Rent in Princeton Meadows is $1,694.
The Median Income in Princeton Meadows is $112,205.
The Home Value To Income in Princeton Meadows is 4.9x.
The Rent To Monthly Income in Princeton Meadows is 0.18x.
| Statistic | Princeton Meadows | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $547,200 | $355,700 | $244,900 |
| Median Rent | $1,694 | $1,436 | $1,163 |
| Median Income | $112,205 | $89,703 | $69,021 |
| Home Value To Income | 4.9x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Princeton Meadows, NJ Costs By Category
Detailed Princeton Meadows Services Costs Vs. New Jersey
| Item | Princeton Meadows | New Jersey |
|---|---|---|
| Shampoo | $1.03 | $1.06 |
| Movie | $12.59 | $10.68 |
| Bowling | $17.73 | $14.67 |
| Haircut | $20.73 | $18.62 |
| Beauty Salon | $36.4 | $39.05 |
Detailed Princeton Meadows Groceries Costs Vs. New Jersey
| Item | Princeton Meadows | New Jersey |
|---|---|---|
| Ground Beef | $3.87 | $4.22 |
| Fried Chicken | $1.67 | $1.39 |
| Milk | $2.41 | $2.05 |
| Potatoes | $3.09 | $3.29 |
| Pizza | $11.4 | $10.62 |
| Beer | $9.19 | $9.38 |
| Toothpaste | $2.16 | $2.34 |
Detailed Princeton Meadows Health Costs Vs. New Jersey
| Item | Princeton Meadows | New Jersey |
|---|---|---|
| Optometrist | $101.33 | $108.57 |
| Doctor | $94.5 | $116.17 |
| Dentist | $113.15 | $99.13 |
Detailed Princeton Meadows Transportation Costs Vs. New Jersey
| Item | Princeton Meadows | New Jersey |
|---|---|---|
| Gasoline | $2.26 | $2.22 |
| Tire Balancing | $56.66 | $50.07 |
Detailed Princeton Meadows Utilities Costs Vs. New Jersey
| Item | Princeton Meadows | New Jersey |
|---|---|---|
| All Electricity | $174.26 | $167.67 |
| Phone | $179.87 | $175.64 |
Princeton Meadows SnackAbility
/10
Cost Of Living In Cities Around Princeton Meadows
The cost of living varies in the cities and towns around Princeton Meadows. Here's a quick look at the cost of living in the most populous nearby places:
Bradley Gardens, NJ has a cost of living index of 144, 1.1x Princeton Meadows.
Middlesex, NJ has a cost of living index of 123, 1.0x Princeton Meadows.
Mercerville, NJ has a cost of living index of 116, 0.9x Princeton Meadows.
| City | Population | Cost Of Living | Vs. Princeton Meadows |
|---|---|---|---|
| Bradley Gardens, NJ | 14,798 | 144 | 1.1x |
| Middlesex, NJ | 14,513 | 123 | 1.0x |
| Mercerville, NJ | 14,234 | 116 | 0.9x |
| Hamilton Square, NJ | 12,244 | 130 | 1.0x |
| Martinsville, NJ | 11,980 | 155 | 1.2x |
| Kendall Park, NJ | 10,560 | 131 | 1.0x |
| Monmouth Junction, NJ | 9,728 | 138 | 1.1x |
| White Horse, NJ | 9,710 | 111 | 0.9x |
| Dayton, NJ | 8,185 | 135 | 1.0x |
| Twin Rivers, NJ | 8,049 | 114 | 0.9x |
