Totowa, NJ Cost Of Living
Cost Of Living In Totowa, NJ Summary
Cost of living in Totowa 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 Totowa 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 Totowa is 130, with 100 being the average.
The cost of living index in Totowa is 1.3x higher than the national average.
Totowa ranks as the #132 cheapest in New Jersey out of 260.
Totowa ranks as the #4,989 cheapest out of 6,489 in the US.
The median home value in Totowa is $639,687.
The median income in Totowa is $114,177.
Table Of Contents
Totowa's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Totowa, NJ?
According to the most recent data on the cost of living, Totowa has an overall cost of living index of 130, which is 1.3x higher than the national index of 100.
Compared to New Jersey, Totowa has a cost of living index that's 1.1x higher than New Jersey's index of 122.
The standard of living in Totowa ranks as #132 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Totowa ranks as the #128 most expensive place in the Garden State.
For more reading on life in Totowa, check out:
In New Jersey
In America
Totowa Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Totowa. Here is how it fairs on each of the criteria:
The Services index in Totowa is 108.
The Groceries index in Totowa is 101.
The Health index in Totowa is 98.
The Housing index in Totowa is 185.
The Transportation index in Totowa is 106.
The Utilities index in Totowa is 112.
| Living Expense | Totowa | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 130 | 122 | 100 | |
| Services | 108 | 108 | 100 | |
| Groceries | 101 | 104 | 100 | |
| Health | 98 | 99 | 100 | |
| Housing | 185 | 159 | 100 | |
| Transportation | 106 | 101 | 100 | |
| Utilities | 112 | 107 | 100 | |
Totowa, 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 Totowa is $639,687.
The Median Rent in Totowa is $1,703.
The Median Income in Totowa is $114,177.
The Home Value To Income in Totowa is 5.6x.
The Rent To Monthly Income in Totowa is 0.18x.
| Statistic | Totowa | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $639,687 | $564,432 | $303,400 |
| Median Rent | $1,703 | $1,653 | $1,348 |
| Median Income | $114,177 | $101,050 | $78,538 |
| Home Value To Income | 5.6x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.18x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Totowa, NJ Costs By Category
Detailed Totowa Services Costs Vs. New Jersey
| Item | Totowa | New Jersey |
|---|---|---|
| Shampoo | $1.48 | $1.28 |
| Movie | $15.78 | $12.13 |
| Bowling | $21.0 | $18 |
| Haircut | $25.62 | $24.26 |
| Beauty Salon | $41.67 | $45.56 |
Detailed Totowa Groceries Costs Vs. New Jersey
| Item | Totowa | New Jersey |
|---|---|---|
| Ground Beef | $5.65 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.71 | $4.67 |
| Potatoes | $5.37 | $4.93 |
| Pizza | $11.49 | $12.09 |
| Beer | $11.33 | $10.41 |
| Toothpaste | $3.72 | $3.7 |
Detailed Totowa Health Costs Vs. New Jersey
| Item | Totowa | New Jersey |
|---|---|---|
| Optometrist | $157.11 | $125.68 |
| Doctor | $115.59 | $135.78 |
| Dentist | $124.27 | $113.29 |
Detailed Totowa Transportation Costs Vs. New Jersey
| Item | Totowa | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $82.67 | $59.92 |
Detailed Totowa Utilities Costs Vs. New Jersey
| Item | Totowa | New Jersey |
|---|---|---|
| All Electricity | $236.04 | $193.99 |
| Phone | $186.61 | $192.25 |
Totowa SnackAbility
/10
Cost Of Living In Cities Around Totowa
The cost of living varies in the cities and towns around Totowa. Here's a quick look at the cost of living in the most populous nearby places:
Paterson, NJ has a cost of living index of 114, 0.9x Totowa.
Clifton, NJ has a cost of living index of 127, 1.0x Totowa.
Nanuet, NY has a cost of living index of 145, 1.1x Totowa.
| City | Population | Cost Of Living | Vs. Totowa |
|---|---|---|---|
| Paterson, NJ | 157,660 | 114 | 0.9x |
| Clifton, NJ | 89,247 | 127 | 1.0x |
| Nanuet, NY | 20,089 | 145 | 1.1x |
| Woodland Park, NJ | 13,284 | 132 | 1.0x |
| Upper Montclair, NJ | 12,279 | 180 | 1.4x |
| Dobbs Ferry, NY | 11,397 | 173 | 1.3x |
| Suffern, NY | 11,395 | 125 | 1.0x |
| Lincoln Park, NJ | 10,901 | 124 | 1.0x |
| Chestnut Ridge, NY | 10,464 | 149 | 1.1x |
| Hillcrest, NY | 8,989 | 140 | 1.1x |
