What is the cost of living in Wharton, NJ?
According to the most recent data on the cost of living, Wharton has an overall cost of living index of 131, which is 1.3x higher than the national index of 100.
Compared to New Jersey, Wharton has a cost of living index that's 1.0x higher than New Jersey's index of 125.
The standard of living in Wharton ranks as #120 most affordable out of the 262 places we measured in New Jersey. By definition, that implies Wharton ranks as the #142 most expensive place in the Garden State.
For more reading on life in Wharton, check out:
Wharton Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Wharton. Here is how it fares on each of the criteria:
The Services index in Wharton is 109.
The Groceries index in Wharton is 110.
The Health index in Wharton is 175.
The Housing index in Wharton is 109.
The Transportation index in Wharton is 107.
The Utilities index in Wharton is 110.
| Living Expense | Wharton | New Jersey | National Average |
|---|---|---|---|
| Overall | 131 | 125 | 100 |
| Services | 109 | 107 | 100 |
| Groceries | 110 | 113 | 100 |
| Health | 175 | 155 | 100 |
| Housing | 109 | 116 | 100 |
| Transportation | 107 | 112 | 100 |
| Utilities | 110 | 113 | 100 |
Wharton Cost Of Living Compared To New Jersey Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New Jersey, check out:
Protect your home budget Compare home warranties in Wharton Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Wharton, 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 2020-2024. The key points are:
The Median Home Value in Wharton is $488,755.
The Median Rent in Wharton is $1,720.
The Median Income in Wharton is $85,767.
The Home Value To Income in Wharton is 5.7x.
The Rent To Monthly Income in Wharton is 0.24x.
| Statistic | Wharton | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $488,755 | $569,411 | $332,700 |
| Median Rent | $1,720 | $1,720 | $1,413 |
| Median Income | $85,767 | $103,556 | $80,734 |
| Home Value To Income | 5.7x | 5.5x | 4.1x |
| Rent To Monthly Income | 0.24x | 0.2x | 0.21x |
Wharton, NJ Costs By Category
Detailed Wharton Services costs vs. New Jersey
| Item | Wharton | New Jersey |
|---|---|---|
| Shampoo | $1.44 | $1.28 |
| Movie | $14.15 | $12.13 |
| Bowling | $25.03 | $18 |
| Haircut | $29.17 | $24.26 |
| Beauty Salon | $40.36 | $45.56 |
Detailed Wharton Groceries costs vs. New Jersey
| Item | Wharton | New Jersey |
|---|---|---|
| Ground Beef | $5.64 | $5.84 |
| Fried Chicken | $1.55 | $1.57 |
| Milk | $4.74 | $4.67 |
| Potatoes | $5.21 | $4.93 |
| Pizza | $11.49 | $12.09 |
| Beer | $11.66 | $10.41 |
| Toothpaste | $3.66 | $3.7 |
Detailed Wharton Health costs vs. New Jersey
| Item | Wharton | New Jersey |
|---|---|---|
| Optometrist | $105.11 | $125.68 |
| Doctor | $117.94 | $135.78 |
| Dentist | $121.22 | $113.29 |
Detailed Wharton Transportation costs vs. New Jersey
| Item | Wharton | New Jersey |
|---|---|---|
| Gasoline | $3.45 | $3.46 |
| Tire Balancing | $77.33 | $59.92 |
Detailed Wharton Utilities costs vs. New Jersey
| Item | Wharton | New Jersey |
|---|---|---|
| All Electricity | $230.68 | $193.99 |
| Phone | $186.61 | $192.25 |
Wharton SnackAbility
Cost Of Living In Cities Around Wharton
The cost of living varies in the cities and towns around Wharton. Here's a quick look at the cost of living in the most populous nearby places:
Dover, NJ has a cost of living index of 121, 0.9x Wharton.
Hopatcong, NJ has a cost of living index of 125, 1.0x Wharton.
Florham Park, NJ has a cost of living index of 174, 1.3x Wharton.
| City | Population | Cost Of Living | Vs. Wharton |
|---|---|---|---|
| Dover, NJ | 18,563 | 121 | 0.9x |
| Hopatcong, NJ | 14,565 | 125 | 1.0x |
| Florham Park, NJ | 13,564 | 174 | 1.3x |
| Oakland, NJ | 12,768 | 149 | 1.1x |
| Lincoln Park, NJ | 10,957 | 133 | 1.0x |
| Succasunna, NJ | 9,799 | 141 | 1.1x |
| Boonton, NJ | 8,854 | 138 | 1.1x |
| White Meadow Lake, NJ | 8,842 | 139 | 1.1x |
| Bernardsville, NJ | 7,916 | 173 | 1.3x |
| Mountainside, NJ | 7,049 | 183 | 1.4x |
