Spotswood, NJ Cost Of Living
Cost Of Living In Spotswood, NJ Summary
Cost of living in Spotswood 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 Spotswood 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 Spotswood is 118, with 100 being the average.
The cost of living index in Spotswood is 1.2x higher than the national average.
Spotswood ranks as the #74 cheapest in New Jersey out of 260.
Spotswood ranks as the #4,280 cheapest out of 6,489 in the US.
The median home value in Spotswood is $558,150.
The median income in Spotswood is $101,388.
Table Of Contents
Spotswood's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Spotswood, NJ?
According to the most recent data on the cost of living, Spotswood has an overall cost of living index of 118, which is 1.2x higher than the national index of 100.
Compared to New Jersey, Spotswood has a cost of living index that's 1.0x lower than New Jersey's index of 122.
The standard of living in Spotswood ranks as #74 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Spotswood ranks as the #186 most expensive place in the Garden State.
For more reading on life in Spotswood, check out:
In New Jersey
In America
Spotswood Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Spotswood. Here is how it fairs on each of the criteria:
The Services index in Spotswood is 111.
The Groceries index in Spotswood is 104.
The Health index in Spotswood is 103.
The Housing index in Spotswood is 147.
The Transportation index in Spotswood is 106.
The Utilities index in Spotswood is 109.
| Living Expense | Spotswood | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 118 | 122 | 100 | |
| Services | 111 | 108 | 100 | |
| Groceries | 104 | 104 | 100 | |
| Health | 103 | 99 | 100 | |
| Housing | 147 | 159 | 100 | |
| Transportation | 106 | 101 | 100 | |
| Utilities | 109 | 107 | 100 | |
Spotswood, 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 Spotswood is $558,150.
The Median Rent in Spotswood is $1,097.
The Median Income in Spotswood is $101,388.
The Home Value To Income in Spotswood is 5.5x.
The Rent To Monthly Income in Spotswood is 0.13x.
| Statistic | Spotswood | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $558,150 | $564,432 | $303,400 |
| Median Rent | $1,097 | $1,653 | $1,348 |
| Median Income | $101,388 | $101,050 | $78,538 |
| Home Value To Income | 5.5x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.13x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Spotswood, NJ Costs By Category
Detailed Spotswood Services Costs Vs. New Jersey
| Item | Spotswood | 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 Spotswood Groceries Costs Vs. New Jersey
| Item | Spotswood | 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 Spotswood Health Costs Vs. New Jersey
| Item | Spotswood | New Jersey |
|---|---|---|
| Optometrist | $129.93 | $125.68 |
| Doctor | $124.1 | $135.78 |
| Dentist | $129.94 | $113.29 |
Detailed Spotswood Transportation Costs Vs. New Jersey
| Item | Spotswood | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $72.38 | $59.92 |
Detailed Spotswood Utilities Costs Vs. New Jersey
| Item | Spotswood | New Jersey |
|---|---|---|
| All Electricity | $223.08 | $193.99 |
| Phone | $186.61 | $192.25 |
Spotswood SnackAbility
/10
Cost Of Living In Cities Around Spotswood
The cost of living varies in the cities and towns around Spotswood. Here's a quick look at the cost of living in the most populous nearby places:
Sayreville, NJ has a cost of living index of 125, 1.1x Spotswood.
Westfield, NJ has a cost of living index of 178, 1.5x Spotswood.
Old Bridge, NJ has a cost of living index of 128, 1.1x Spotswood.
| City | Population | Cost Of Living | Vs. Spotswood |
|---|---|---|---|
| Sayreville, NJ | 45,237 | 125 | 1.1x |
| Westfield, NJ | 30,760 | 178 | 1.5x |
| Old Bridge, NJ | 28,015 | 128 | 1.1x |
| South River, NJ | 16,007 | 121 | 1.0x |
| Middlesex, NJ | 14,518 | 126 | 1.1x |
| Bradley Gardens, NJ | 14,315 | 150 | 1.3x |
| Mercerville, NJ | 13,693 | 118 | 1.0x |
| Martinsville, NJ | 12,016 | 159 | 1.3x |
| Hamilton Square, NJ | 11,643 | 125 | 1.1x |
| Madison Park, NJ | 8,798 | 120 | 1.0x |
