Twin Rivers, NJ Cost Of Living
Cost Of Living In Twin Rivers, NJ Summary
Cost of living in Twin Rivers 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 Twin Rivers 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 Twin Rivers is 118, with 100 being the average.
The cost of living index in Twin Rivers is 1.2x higher than the national average.
Twin Rivers ranks as the #74 cheapest in New Jersey out of 260.
Twin Rivers ranks as the #4,280 cheapest out of 6,489 in the US.
The median home value in Twin Rivers is $361,548.
The median income in Twin Rivers is $98,831.
Table Of Contents
Twin Rivers's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Twin Rivers, NJ?
According to the most recent data on the cost of living, Twin Rivers has an overall cost of living index of 118, which is 1.2x higher than the national index of 100.
Compared to New Jersey, Twin Rivers has a cost of living index that's 1.0x lower than New Jersey's index of 122.
The standard of living in Twin Rivers ranks as #74 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Twin Rivers ranks as the #186 most expensive place in the Garden State.
For more reading on life in Twin Rivers, check out:
In New Jersey
In America
Twin Rivers Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Twin Rivers. Here is how it fairs on each of the criteria:
The Services index in Twin Rivers is 113.
The Groceries index in Twin Rivers is 105.
The Health index in Twin Rivers is 100.
The Housing index in Twin Rivers is 141.
The Transportation index in Twin Rivers is 105.
The Utilities index in Twin Rivers is 109.
| Living Expense | Twin Rivers | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 118 | 122 | 100 | |
| Services | 113 | 108 | 100 | |
| Groceries | 105 | 104 | 100 | |
| Health | 100 | 99 | 100 | |
| Housing | 141 | 159 | 100 | |
| Transportation | 105 | 101 | 100 | |
| Utilities | 109 | 107 | 100 | |
Twin Rivers, 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 Twin Rivers is $361,548.
The Median Rent in Twin Rivers is $1,583.
The Median Income in Twin Rivers is $98,831.
The Home Value To Income in Twin Rivers is 3.7x.
The Rent To Monthly Income in Twin Rivers is 0.19x.
| Statistic | Twin Rivers | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $361,548 | $564,432 | $303,400 |
| Median Rent | $1,583 | $1,653 | $1,348 |
| Median Income | $98,831 | $101,050 | $78,538 |
| Home Value To Income | 3.7x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Twin Rivers, NJ Costs By Category
Detailed Twin Rivers Services Costs Vs. New Jersey
| Item | Twin Rivers | 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 Twin Rivers Groceries Costs Vs. New Jersey
| Item | Twin Rivers | 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 Twin Rivers Health Costs Vs. New Jersey
| Item | Twin Rivers | New Jersey |
|---|---|---|
| Optometrist | $129.93 | $125.68 |
| Doctor | $124.1 | $135.78 |
| Dentist | $129.94 | $113.29 |
Detailed Twin Rivers Transportation Costs Vs. New Jersey
| Item | Twin Rivers | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $72.38 | $59.92 |
Detailed Twin Rivers Utilities Costs Vs. New Jersey
| Item | Twin Rivers | New Jersey |
|---|---|---|
| All Electricity | $223.08 | $193.99 |
| Phone | $186.61 | $192.25 |
Twin Rivers SnackAbility
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Cost Of Living In Cities Around Twin Rivers
The cost of living varies in the cities and towns around Twin Rivers. Here's a quick look at the cost of living in the most populous nearby places:
Princeton Meadows, NJ has a cost of living index of 153, 1.3x Twin Rivers.
West Freehold, NJ has a cost of living index of 136, 1.2x Twin Rivers.
Mercerville, NJ has a cost of living index of 118, 1.0x Twin Rivers.
| City | Population | Cost Of Living | Vs. Twin Rivers |
|---|---|---|---|
| Princeton Meadows, NJ | 15,382 | 153 | 1.3x |
| West Freehold, NJ | 14,233 | 136 | 1.2x |
| Mercerville, NJ | 13,693 | 118 | 1.0x |
| Hamilton Square, NJ | 11,643 | 125 | 1.1x |
| Kendall Park, NJ | 10,765 | 142 | 1.2x |
| White Horse, NJ | 10,040 | 115 | 1.0x |
| Fort Dix, NJ | 8,034 | 140 | 1.2x |
| Yorketown, NJ | 7,265 | 140 | 1.2x |
| Lincroft, NJ | 6,901 | 146 | 1.2x |
| Strathmore, NJ | 6,593 | 136 | 1.2x |
