Chatham, NJ Cost Of Living

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Updated: 2020-03-08
Chatham'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 Chatham is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Chatham, NJ?

According to the most recent data on the cost of living, Chatham has an overall cost of living index of 171 which is 1.7x higher than the national index of 100.

Compared to only New Jersey, Chatham has a cost of living index that's 1.4x higher than New Jersey's index of 123.

The standard of living in Chatham ranks as #6136 most affordable out of the 6522 places we measured in New Jersey. By definition, that implies Chatham ranks as the #271 most expensive place in the Garden State.

For more reading on life in Chatham, check out:

Chatham Cost Of Living Vs. New Jersey

Living Expense Chatham New Jersey National Average
Overall 171 123 100
Services 102 111 100
Groceries 113 110 100
Health 99 102 100
Housing 330 158 100
Transportation 110 110 100
Utilities 87 100 100
For more reading on cost of living around New Jersey, check out:
Chatham Cost of Living Vs. NJ

Chatham, 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 Chatham New Jersey United States
Median Home Value $739,100 $327,900 $204,900
Median Rent $1,760 $1,295 $1,023
Median Income $169,524 $79,363 $60,293
Home Value To Income 4.4x 4.1x 3.4x
Rent To Monthly Income 0.12x 0.2x 0.2x

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Cost Of Living In Cities Around Chatham

City Population Cost Of Living Vs. Chatham
Westfield, NJ 30,086 170 1.0x
Morristown, TN 29,547 85 0.5x
Summit, NJ 21,921 181 1.1x
Madison, NJ 16,042 164 1.0x
Bradley Gardens, NJ 14,417 144 0.8x
Short Hills, NJ 13,134 244 1.4x
New Providence, NJ 12,808 151 0.9x
Hasbrouck Heights, NJ 12,091 136 0.8x
Florham Park, NJ 11,672 162 0.9x
Martinsville, NJ 11,541 155 0.9x

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