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 238, which is 2.4x higher than the national index of 100.
Compared to New Jersey, Rumson has a cost of living index that's 1.9x higher than New Jersey's index of 125.
The standard of living in Rumson ranks as #261 most affordable out of the 262 places we measured in New Jersey. By definition, that implies Rumson ranks as the #1 most expensive place in the Garden State.
For more reading on life in Rumson, check out:
Rumson Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Rumson. Here is how it fares on each of the criteria:
The Services index in Rumson is 104.
The Groceries index in Rumson is 114.
The Health index in Rumson is 540.
The Housing index in Rumson is 112.
The Transportation index in Rumson is 110.
The Utilities index in Rumson is 112.
| Living Expense | Rumson | New Jersey | National Average |
|---|---|---|---|
| Overall | 238 | 125 | 100 |
| Services | 104 | 107 | 100 |
| Groceries | 114 | 113 | 100 |
| Health | 540 | 155 | 100 |
| Housing | 112 | 116 | 100 |
| Transportation | 110 | 112 | 100 |
| Utilities | 112 | 113 | 100 |
Rumson Cost Of Living Compared To New Jersey Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New Jersey, check out:
Protect your home budget Compare home warranties in Rumson Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Rumson, 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 2020-2024. The key points are:
The Median Home Value in Rumson is $2,183,827.
The Median Rent in Rumson is $3,501.
The Median Income in Rumson is $250,001.
The Home Value To Income in Rumson is 8.7x.
The Rent To Monthly Income in Rumson is 0.17x.
| Statistic | Rumson | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $2,183,827 | $569,411 | $332,700 |
| Median Rent | $3,501 | $1,720 | $1,413 |
| Median Income | $250,001 | $103,556 | $80,734 |
| Home Value To Income | 8.7x | 5.5x | 4.1x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.21x |
Rumson, NJ Costs By Category
Detailed Rumson Services costs vs. New Jersey
| Item | Rumson | New Jersey |
|---|---|---|
| Shampoo | $1.69 | $1.28 |
| Movie | $13.68 | $12.13 |
| Bowling | $29.4 | $18 |
| Haircut | $34.94 | $24.26 |
| Beauty Salon | $64.07 | $45.56 |
Detailed Rumson Groceries costs vs. New Jersey
| Item | Rumson | New Jersey |
|---|---|---|
| Ground Beef | $5.87 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.97 | $4.67 |
| Potatoes | $5.21 | $4.93 |
| Pizza | $12.57 | $12.09 |
| Beer | $11.87 | $10.41 |
| Toothpaste | $3.96 | $3.7 |
Detailed Rumson Health costs vs. New Jersey
| Item | Rumson | New Jersey |
|---|---|---|
| Optometrist | $128.97 | $125.68 |
| Doctor | $162.24 | $135.78 |
| Dentist | $149.64 | $113.29 |
Detailed Rumson Transportation costs vs. New Jersey
| Item | Rumson | New Jersey |
|---|---|---|
| Gasoline | $3.55 | $3.46 |
| Tire Balancing | $86.43 | $59.92 |
Detailed Rumson Utilities costs vs. New Jersey
| Item | Rumson | New Jersey |
|---|---|---|
| All Electricity | $201.27 | $193.99 |
| Phone | $200.67 | $192.25 |
Rumson SnackAbility
Cost Of Living In Cities Around Rumson
The cost of living varies in the cities and towns around Rumson. Here's a quick look at the cost of living in the most populous nearby places:
Old Bridge, NJ has a cost of living index of 129, 0.5x Rumson.
Tinton Falls, NJ has a cost of living index of 139, 0.6x Rumson.
West Freehold, NJ has a cost of living index of 140, 0.6x Rumson.
| City | Population | Cost Of Living | Vs. Rumson |
|---|---|---|---|
| Old Bridge, NJ | 28,236 | 129 | 0.5x |
| Tinton Falls, NJ | 19,361 | 139 | 0.6x |
| West Freehold, NJ | 14,883 | 140 | 0.6x |
| Red Bank, NJ | 12,862 | 139 | 0.6x |
| Freehold, NJ | 12,507 | 130 | 0.5x |
| Yorketown, NJ | 7,261 | 142 | 0.6x |
| Lincroft, NJ | 6,939 | 151 | 0.6x |
| Strathmore, NJ | 6,708 | 137 | 0.6x |
| Ramtown, NJ | 6,203 | 142 | 0.6x |
| Oceanport, NJ | 6,195 | 168 | 0.7x |
