Trenton, NJ Cost Of Living
Cost Of Living In Trenton, NJ Summary
Cost of living in Trenton 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 Trenton 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 Trenton is 96, with 100 being the average.
The cost of living index in Trenton is 1.0x lower than the national average.
Trenton ranks as the #5 cheapest in New Jersey out of 260.
Trenton ranks as the #2,104 cheapest out of 6,489 in the US.
The median home value in Trenton is $347,883.
The median income in Trenton is $47,102.
Table Of Contents
Trenton's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Trenton, NJ?
According to the most recent data on the cost of living, Trenton has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.
Compared to New Jersey, Trenton has a cost of living index that's 0.8x lower than New Jersey's index of 122.
The standard of living in Trenton ranks as #5 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Trenton ranks as the #255 most expensive place in the Garden State.
For more reading on life in Trenton, check out:
In New Jersey
In America
Trenton Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Trenton. Here is how it fairs on each of the criteria:
The Services index in Trenton is 110.
The Groceries index in Trenton is 101.
The Health index in Trenton is 103.
The Housing index in Trenton is 73.
The Transportation index in Trenton is 105.
The Utilities index in Trenton is 106.
| Living Expense | Trenton | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 96 | 122 | 100 | |
| Services | 110 | 108 | 100 | |
| Groceries | 101 | 104 | 100 | |
| Health | 103 | 99 | 100 | |
| Housing | 73 | 159 | 100 | |
| Transportation | 105 | 101 | 100 | |
| Utilities | 106 | 107 | 100 | |
Trenton, 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 Trenton is $347,883.
The Median Rent in Trenton is $1,224.
The Median Income in Trenton is $47,102.
The Home Value To Income in Trenton is 7.4x.
The Rent To Monthly Income in Trenton is 0.31x.
| Statistic | Trenton | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $347,883 | $564,432 | $303,400 |
| Median Rent | $1,224 | $1,653 | $1,348 |
| Median Income | $47,102 | $101,050 | $78,538 |
| Home Value To Income | 7.4x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.31x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Trenton, NJ Costs By Category
Detailed Trenton Services Costs Vs. New Jersey
| Item | Trenton | 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 Trenton Groceries Costs Vs. New Jersey
| Item | Trenton | 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 Trenton Health Costs Vs. New Jersey
| Item | Trenton | New Jersey |
|---|---|---|
| Optometrist | $129.93 | $125.68 |
| Doctor | $124.1 | $135.78 |
| Dentist | $129.94 | $113.29 |
Detailed Trenton Transportation Costs Vs. New Jersey
| Item | Trenton | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $72.38 | $59.92 |
Detailed Trenton Utilities Costs Vs. New Jersey
| Item | Trenton | New Jersey |
|---|---|---|
| All Electricity | $223.08 | $193.99 |
| Phone | $186.61 | $192.25 |
Trenton SnackAbility
/10
Cost Of Living In Cities Around Trenton
The cost of living varies in the cities and towns around Trenton. Here's a quick look at the cost of living in the most populous nearby places:
Levittown, PA has a cost of living index of 112, 1.2x Trenton.
Willow Grove, PA has a cost of living index of 116, 1.2x Trenton.
Mercerville, NJ has a cost of living index of 118, 1.2x Trenton.
| City | Population | Cost Of Living | Vs. Trenton |
|---|---|---|---|
| Levittown, PA | 50,930 | 112 | 1.2x |
| Willow Grove, PA | 13,919 | 116 | 1.2x |
| Mercerville, NJ | 13,693 | 118 | 1.2x |
| Hamilton Square, NJ | 11,643 | 125 | 1.3x |
| Kendall Park, NJ | 10,765 | 142 | 1.5x |
| White Horse, NJ | 10,040 | 115 | 1.2x |
| Fairless Hills, PA | 8,985 | 110 | 1.1x |
| Twin Rivers, NJ | 8,315 | 118 | 1.2x |
| Hatboro, PA | 8,219 | 115 | 1.2x |
| Fort Dix, NJ | 8,034 | 140 | 1.5x |
