Somerville, NJ Cost Of Living
Cost Of Living In Somerville, NJ Summary
Cost of living in Somerville 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 Somerville 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 Somerville is 128, with 100 being the average.
The cost of living index in Somerville is 1.3x higher than the national average.
Somerville ranks as the #124 cheapest in New Jersey out of 260.
Somerville ranks as the #4,889 cheapest out of 6,489 in the US.
The median home value in Somerville is $537,660.
The median income in Somerville is $103,869.
Table Of Contents
Somerville's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Somerville, NJ?
According to the most recent data on the cost of living, Somerville has an overall cost of living index of 128, which is 1.3x higher than the national index of 100.
Compared to New Jersey, Somerville has a cost of living index that's 1.0x higher than New Jersey's index of 122.
The standard of living in Somerville ranks as #124 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Somerville ranks as the #136 most expensive place in the Garden State.
For more reading on life in Somerville, check out:
In New Jersey
In America
Somerville Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Somerville. Here is how it fairs on each of the criteria:
The Services index in Somerville is 109.
The Groceries index in Somerville is 104.
The Health index in Somerville is 103.
The Housing index in Somerville is 172.
The Transportation index in Somerville is 104.
The Utilities index in Somerville is 110.
| Living Expense | Somerville | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 128 | 122 | 100 | |
| Services | 109 | 108 | 100 | |
| Groceries | 104 | 104 | 100 | |
| Health | 103 | 99 | 100 | |
| Housing | 172 | 159 | 100 | |
| Transportation | 104 | 101 | 100 | |
| Utilities | 110 | 107 | 100 | |
Somerville, 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 Somerville is $537,660.
The Median Rent in Somerville is $1,748.
The Median Income in Somerville is $103,869.
The Home Value To Income in Somerville is 5.2x.
The Rent To Monthly Income in Somerville is 0.2x.
| Statistic | Somerville | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $537,660 | $564,432 | $303,400 |
| Median Rent | $1,748 | $1,653 | $1,348 |
| Median Income | $103,869 | $101,050 | $78,538 |
| Home Value To Income | 5.2x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Somerville, NJ Costs By Category
Detailed Somerville Services Costs Vs. New Jersey
| Item | Somerville | 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 Somerville Groceries Costs Vs. New Jersey
| Item | Somerville | 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 Somerville Health Costs Vs. New Jersey
| Item | Somerville | New Jersey |
|---|---|---|
| Optometrist | $129.93 | $125.68 |
| Doctor | $124.1 | $135.78 |
| Dentist | $129.94 | $113.29 |
Detailed Somerville Transportation Costs Vs. New Jersey
| Item | Somerville | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $72.38 | $59.92 |
Detailed Somerville Utilities Costs Vs. New Jersey
| Item | Somerville | New Jersey |
|---|---|---|
| All Electricity | $223.08 | $193.99 |
| Phone | $186.61 | $192.25 |
Somerville SnackAbility
/10
Cost Of Living In Cities Around Somerville
The cost of living varies in the cities and towns around Somerville. 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 Somerville.
Middlesex, NJ has a cost of living index of 126, 1.0x Somerville.
Bradley Gardens, NJ has a cost of living index of 150, 1.2x Somerville.
| City | Population | Cost Of Living | Vs. Somerville |
|---|---|---|---|
| Westfield, NJ | 30,760 | 178 | 1.4x |
| Middlesex, NJ | 14,518 | 126 | 1.0x |
| Bradley Gardens, NJ | 14,315 | 150 | 1.2x |
| Florham Park, NJ | 13,134 | 165 | 1.3x |
| 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 |
| Raritan, NJ | 8,192 | 131 | 1.0x |
| Bernardsville, NJ | 7,871 | 162 | 1.3x |
