Stratford, NJ Cost Of Living
Cost Of Living In Stratford, NJ Summary
Cost of living in Stratford 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 Stratford 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 Stratford is 101, with 100 being the average.
The cost of living index in Stratford is 1.0x higher than the national average.
Stratford ranks as the #20 cheapest in New Jersey out of 260.
Stratford ranks as the #2,735 cheapest out of 6,489 in the US.
The median home value in Stratford is $341,740.
The median income in Stratford is $100,735.
Table Of Contents
Stratford's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Stratford, NJ?
According to the most recent data on the cost of living, Stratford has an overall cost of living index of 101, which is 1.0x higher than the national index of 100.
Compared to New Jersey, Stratford has a cost of living index that's 0.8x lower than New Jersey's index of 122.
The standard of living in Stratford ranks as #20 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Stratford ranks as the #240 most expensive place in the Garden State.
For more reading on life in Stratford, check out:
In New Jersey
In America
Stratford Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Stratford. Here is how it fairs on each of the criteria:
The Services index in Stratford is 103.
The Groceries index in Stratford is 100.
The Health index in Stratford is 94.
The Housing index in Stratford is 97.
The Transportation index in Stratford is 106.
The Utilities index in Stratford is 111.
| Living Expense | Stratford | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 101 | 122 | 100 | |
| Services | 103 | 108 | 100 | |
| Groceries | 100 | 104 | 100 | |
| Health | 94 | 99 | 100 | |
| Housing | 97 | 159 | 100 | |
| Transportation | 106 | 101 | 100 | |
| Utilities | 111 | 107 | 100 | |
Stratford, 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 Stratford is $341,740.
The Median Rent in Stratford is $1,172.
The Median Income in Stratford is $100,735.
The Home Value To Income in Stratford is 3.4x.
The Rent To Monthly Income in Stratford is 0.14x.
| Statistic | Stratford | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $341,740 | $564,432 | $303,400 |
| Median Rent | $1,172 | $1,653 | $1,348 |
| Median Income | $100,735 | $101,050 | $78,538 |
| Home Value To Income | 3.4x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.14x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Stratford, NJ Costs By Category
Detailed Stratford Services Costs Vs. New Jersey
| Item | Stratford | New Jersey |
|---|---|---|
| Shampoo | $1.52 | $1.28 |
| Movie | $13.75 | $12.13 |
| Bowling | $19.47 | $18 |
| Haircut | $23.54 | $24.26 |
| Beauty Salon | $66.27 | $45.56 |
Detailed Stratford Groceries Costs Vs. New Jersey
| Item | Stratford | 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 Stratford Health Costs Vs. New Jersey
| Item | Stratford | New Jersey |
|---|---|---|
| Optometrist | $123.5 | $125.68 |
| Doctor | $132.56 | $135.78 |
| Dentist | $103.31 | $113.29 |
Detailed Stratford Transportation Costs Vs. New Jersey
| Item | Stratford | New Jersey |
|---|---|---|
| Gasoline | $3.53 | $3.46 |
| Tire Balancing | $70.89 | $59.92 |
Detailed Stratford Utilities Costs Vs. New Jersey
| Item | Stratford | New Jersey |
|---|---|---|
| All Electricity | $222.45 | $193.99 |
| Phone | $198.27 | $192.25 |
Stratford SnackAbility
/10
Cost Of Living In Cities Around Stratford
The cost of living varies in the cities and towns around Stratford. Here's a quick look at the cost of living in the most populous nearby places:
Lindenwold, NJ has a cost of living index of 98, 1.0x Stratford.
Springdale, NJ has a cost of living index of 123, 1.2x Stratford.
Ardmore, PA has a cost of living index of 124, 1.2x Stratford.
| City | Population | Cost Of Living | Vs. Stratford |
|---|---|---|---|
| Lindenwold, NJ | 21,534 | 98 | 1.0x |
| 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 |
| Folsom, PA | 8,298 | 110 | 1.1x |
| Haddon Heights, NJ | 7,488 | 114 | 1.1x |
| Ramblewood, NJ | 6,542 | 119 | 1.2x |
