Bound Brook, NJ Cost Of Living

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Updated: 2020-03-08
Bound Brook's Overall Cost Of Living
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Bound Brook is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Bound Brook, NJ?

According to the most recent data on the cost of living, Bound Brook has an overall cost of living index of 120 which is 1.2x higher than the national index of 100.

Compared to only New Jersey, Bound Brook has a cost of living index that's 1.0x lower than New Jersey's index of 123.

The standard of living in Bound Brook ranks as #4810 most affordable out of the 6522 places we measured in New Jersey. By definition, that implies Bound Brook ranks as the #1597 most expensive place in the Garden State.

Bound Brook Cost Of Living Vs. New Jersey

Living Expense Bound Brook New Jersey National Average
Overall 120 123 100
Services 114 111 100
Groceries 107 110 100
Health 104 102 100
Housing 143 158 100
Transportation 107 110 100
Utilities 104 100 100
For more reading on cost of living around New Jersey, check out:
Bound Brook Cost of Living Vs. NJ

Bound Brook, NJ Housing Cost Breakdown

Housing swings affordability the most between places in New Jersey, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Bound Brook New Jersey United States
Median Home Value $276,500 $327,900 $204,900
Median Rent $1,384 $1,295 $1,023
Median Income $69,467 $79,363 $60,293
Home Value To Income 4.0x 4.1x 3.4x
Rent To Monthly Income 0.24x 0.2x 0.2x

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Cost Of Living In Cities Around Bound Brook

City Population Cost Of Living Vs. Bound Brook
Westfield, NJ 30,086 170 1.4x
Bradley Gardens, NJ 14,417 144 1.2x
Middlesex, NJ 13,659 124 1.0x
Somerville, NJ 12,121 121 1.0x
Florham Park, NJ 11,672 162 1.4x
Martinsville, NJ 11,541 155 1.3x
Manville, NJ 10,283 118 1.0x
Bernardsville, NJ 7,698 165 1.4x
Dunellen, NJ 7,284 121 1.0x
Mountainside, NJ 6,820 168 1.4x

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