Somerdale, NJ Cost Of Living
Cost Of Living In Somerdale, NJ Summary
Cost of living in Somerdale 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 Somerdale 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 Somerdale is 103, with 100 being the average.
The cost of living index in Somerdale is 1.0x higher than the national average.
Somerdale ranks as the #24 cheapest in New Jersey out of 260.
Somerdale ranks as the #2,952 cheapest out of 6,489 in the US.
The median home value in Somerdale is $347,129.
The median income in Somerdale is $79,101.
Table Of Contents
Somerdale's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Somerdale, NJ?
According to the most recent data on the cost of living, Somerdale has an overall cost of living index of 103, which is 1.0x higher than the national index of 100.
Compared to New Jersey, Somerdale has a cost of living index that's 0.8x lower than New Jersey's index of 122.
The standard of living in Somerdale ranks as #24 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Somerdale ranks as the #236 most expensive place in the Garden State.
For more reading on life in Somerdale, check out:
In New Jersey
In America
Somerdale Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Somerdale. Here is how it fairs on each of the criteria:
The Services index in Somerdale is 104.
The Groceries index in Somerdale is 102.
The Health index in Somerdale is 93.
The Housing index in Somerdale is 96.
The Transportation index in Somerdale is 108.
The Utilities index in Somerdale is 110.
| Living Expense | Somerdale | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 103 | 122 | 100 | |
| Services | 104 | 108 | 100 | |
| Groceries | 102 | 102 | 100 | |
| Health | 93 | 97 | 100 | |
| Housing | 96 | 160 | 100 | |
| Transportation | 108 | 103 | 100 | |
| Utilities | 110 | 109 | 100 | |
Somerdale, 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 Somerdale is $347,129.
The Median Rent in Somerdale is $1,141.
The Median Income in Somerdale is $79,101.
The Home Value To Income in Somerdale is 4.4x.
The Rent To Monthly Income in Somerdale is 0.17x.
| Statistic | Somerdale | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $347,129 | $564,432 | $303,400 |
| Median Rent | $1,141 | $1,653 | $1,348 |
| Median Income | $79,101 | $101,050 | $78,538 |
| Home Value To Income | 4.4x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Somerdale, NJ Costs By Category
Detailed Somerdale Services Costs Vs. New Jersey
| Item | Somerdale | New Jersey |
|---|---|---|
| Shampoo | $1.52 | $1.28 |
| Movie | $13.75 | $12.13 |
| Bowling | $19.47 | $18.0 |
| Haircut | $23.54 | $24.26 |
| Beauty Salon | $66.27 | $45.56 |
Detailed Somerdale Groceries Costs Vs. New Jersey
| Item | Somerdale | New Jersey |
|---|---|---|
| Ground Beef | $5.76 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.67 | $4.67 |
| Potatoes | $5.37 | $4.93 |
| Pizza | $11.73 | $12.09 |
| Beer | $11.99 | $10.41 |
| Toothpaste | $3.65 | $3.7 |
Detailed Somerdale Health Costs Vs. New Jersey
| Item | Somerdale | New Jersey |
|---|---|---|
| Optometrist | $123.5 | $125.68 |
| Doctor | $132.56 | $135.78 |
| Dentist | $103.31 | $113.29 |
Detailed Somerdale Transportation Costs Vs. New Jersey
| Item | Somerdale | New Jersey |
|---|---|---|
| Gasoline | $3.53 | $3.46 |
| Tire Balancing | $70.89 | $59.92 |
Detailed Somerdale Utilities Costs Vs. New Jersey
| Item | Somerdale | New Jersey |
|---|---|---|
| All Electricity | $222.45 | $193.99 |
| Phone | $198.27 | $192.25 |
Somerdale SnackAbility
/10
Cost Of Living In Cities Around Somerdale
The cost of living varies in the cities and towns around Somerdale. Here's a quick look at the cost of living in the most populous nearby places:
Springdale, NJ has a cost of living index of 123, 1.2x Somerdale.
Ardmore, PA has a cost of living index of 124, 1.2x Somerdale.
Echelon, NJ has a cost of living index of 114, 1.1x Somerdale.
| City | Population | Cost Of Living | Vs. Somerdale |
|---|---|---|---|
| Springdale, NJ | 15,672 | 123 | 1.2x |
| Ardmore, PA | 14,165 | 124 | 1.2x |
| Echelon, NJ | 13,577 | 114 | 1.1x |
| Greentree, NJ | 11,024 | 130 | 1.3x |
| Marlton, NJ | 10,473 | 112 | 1.1x |
| Ashland, NJ | 9,437 | 116 | 1.1x |
| Glenside, PA | 7,941 | 118 | 1.1x |
| Barrington, NJ | 7,047 | 106 | 1.0x |
| Stratford, NJ | 6,965 | 101 | 1.0x |
| Ramblewood, NJ | 6,542 | 119 | 1.2x |
