Rumson, NJ Cost Of Living
Rumson's Overall Cost Of Living
Higher Than The National Average
In New Jersey
In America
What is the cost of living in Rumson, NJ?
According to the most recent data on the cost of living, Rumson has an overall cost of living index of 226 which is 2.3x higher than the national index of 100.
Compared to only New Jersey, Rumson has a cost of living index that's 1.9x higher than New Jersey's index of 121.
The standard of living in Rumson ranks as #6,368 most affordable out of the 6,418 places we measured in New Jersey. By definition, that implies Rumson ranks as the #51 most expensive place in the Garden State.
Rumson Cost Of Living Vs. New Jersey
| Living Expense | Rumson | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 226 | 121 | 100 | |
| Services | 135 | 107 | 100 | |
| Groceries | 149 | 107 | 100 | |
| Health | 111 | 100 | 100 | |
| Housing | 445 | 160 | 100 | |
| Transportation | 133 | 106 | 100 | |
| Utilities | 100 | 98 | 100 | |
Rumson, NJ Housing Cost Breakdown
Housing swings affordability the most between places in New Jersey, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
Median Home Value
Median Rent
Median Income
| Statistic | Rumson | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $1,200,600 | $343,500 | $229,800 |
| Median Rent | $2,236 | $1,368 | $1,096 |
| Median Income | $222,237 | $85,245 | $64,994 |
| Home Value To Income | 5.4x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.12x | 0.19x | 0.2x |
Detailed Rumson Services Costs Vs. New Jersey
| Item | Rumson | New Jersey |
|---|---|---|
| Shampoo | $1.67 | $1.06 |
| Movie | $16.31 | $10.68 |
| Bowling | $20.49 | $14.67 |
Detailed Rumson Groceries Costs Vs. New Jersey
| Item | Rumson | New Jersey |
|---|---|---|
| Ground Beef | $6.4 | $4.22 |
| Fried Chicken | $2.65 | $1.39 |
| Milk | $3.11 | $2.05 |
Detailed Rumson Health Costs Vs. New Jersey
| Item | Rumson | New Jersey |
|---|---|---|
| Haircut | $23.25 | $18.62 |
| Beauty Salon | $60.79 | $39.05 |
| Toothpaste | $4.42 | $2.34 |
Detailed Rumson Transportation Costs Vs. New Jersey
| Item | Rumson | New Jersey |
|---|---|---|
| Potatoes | $4.16 | $3.29 |
| Pizza | $12.33 | $10.62 |
| Beer | $12.01 | $9.38 |
| Optometrist | $108.08 | $108.57 |
| Doctor | $106.72 | $116.17 |
| Dentist | $124.43 | $99.13 |
Detailed Rumson Utilities Costs Vs. New Jersey
| Item | Rumson | New Jersey |
|---|---|---|
| Gasoline | $2.62 | $2.22 |
| Tire Balancing | $80.22 | $50.07 |
| All Electricity | $157.7 | $167.67 |
| Phone | $189.52 | $175.64 |
Rumson SnackAbility
/10
Cost Of Living In Cities Around Rumson
| City | Population | Cost Of Living | Vs. Rumson |
|---|---|---|---|
| Old Bridge, NJ | 27,836 | 125 | 0.6x |
| Tinton Falls, NJ | 17,584 | 126 | 0.6x |
| West Freehold, NJ | 14,118 | 136 | 0.6x |
| Red Bank, NJ | 12,039 | 145 | 0.6x |
| Freehold, NJ | 11,755 | 119 | 0.5x |
| Strathmore, NJ | 7,514 | 129 | 0.6x |
| Yorketown, NJ | 6,739 | 144 | 0.6x |
| Lincroft, NJ | 6,501 | 139 | 0.6x |
| Ramtown, NJ | 6,354 | 128 | 0.6x |
| Fair Haven, NJ | 5,833 | 189 | 0.8x |
