Raritan, NJ Cost Of Living
Cost Of Living In Raritan, NJ Summary
Cost of living in Raritan 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 Raritan 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 Raritan is 131, with 100 being the average.
The cost of living index in Raritan is 1.3x higher than the national average.
Raritan ranks as the #138 cheapest in New Jersey out of 260.
Raritan ranks as the #5,035 cheapest out of 6,489 in the US.
The median home value in Raritan is $546,721.
The median income in Raritan is $103,699.
Table Of Contents
Raritan's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Raritan, NJ?
According to the most recent data on the cost of living, Raritan has an overall cost of living index of 131, which is 1.3x higher than the national index of 100.
Compared to New Jersey, Raritan has a cost of living index that's 1.1x higher than New Jersey's index of 122.
The standard of living in Raritan ranks as #138 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Raritan ranks as the #122 most expensive place in the Garden State.
For more reading on life in Raritan, check out:
In New Jersey
In America
Raritan Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Raritan. Here is how it fairs on each of the criteria:
The Services index in Raritan is 111.
The Groceries index in Raritan is 104.
The Health index in Raritan is 100.
The Housing index in Raritan is 187.
The Transportation index in Raritan is 107.
The Utilities index in Raritan is 106.
| Living Expense | Raritan | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 131 | 122 | 100 | |
| Services | 111 | 108 | 100 | |
| Groceries | 104 | 104 | 100 | |
| Health | 100 | 99 | 100 | |
| Housing | 187 | 159 | 100 | |
| Transportation | 107 | 101 | 100 | |
| Utilities | 106 | 107 | 100 | |
Raritan, 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 Raritan is $546,721.
The Median Rent in Raritan is $1,927.
The Median Income in Raritan is $103,699.
The Home Value To Income in Raritan is 5.3x.
The Rent To Monthly Income in Raritan is 0.22x.
| Statistic | Raritan | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $546,721 | $564,432 | $303,400 |
| Median Rent | $1,927 | $1,653 | $1,348 |
| Median Income | $103,699 | $101,050 | $78,538 |
| Home Value To Income | 5.3x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.22x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Raritan, NJ Costs By Category
Detailed Raritan Services Costs Vs. New Jersey
| Item | Raritan | 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 Raritan Groceries Costs Vs. New Jersey
| Item | Raritan | 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 Raritan Health Costs Vs. New Jersey
| Item | Raritan | New Jersey |
|---|---|---|
| Optometrist | $129.93 | $125.68 |
| Doctor | $124.1 | $135.78 |
| Dentist | $129.94 | $113.29 |
Detailed Raritan Transportation Costs Vs. New Jersey
| Item | Raritan | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $72.38 | $59.92 |
Detailed Raritan Utilities Costs Vs. New Jersey
| Item | Raritan | New Jersey |
|---|---|---|
| All Electricity | $223.08 | $193.99 |
| Phone | $186.61 | $192.25 |
Raritan SnackAbility
/10
Cost Of Living In Cities Around Raritan
The cost of living varies in the cities and towns around Raritan. 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 Raritan.
Middlesex, NJ has a cost of living index of 126, 1.0x Raritan.
Bradley Gardens, NJ has a cost of living index of 150, 1.1x Raritan.
| City | Population | Cost Of Living | Vs. Raritan |
|---|---|---|---|
| Westfield, NJ | 30,760 | 178 | 1.4x |
| Middlesex, NJ | 14,518 | 126 | 1.0x |
| Bradley Gardens, NJ | 14,315 | 150 | 1.1x |
| Florham Park, NJ | 13,134 | 165 | 1.3x |
| Somerville, NJ | 12,958 | 128 | 1.0x |
| Bound Brook, NJ | 12,023 | 120 | 0.9x |
| Martinsville, NJ | 12,016 | 159 | 1.2x |
| Manville, NJ | 10,870 | 119 | 0.9x |
| Succasunna, NJ | 9,866 | 134 | 1.0x |
| Bernardsville, NJ | 7,871 | 162 | 1.2x |
