Lodi, NJ Cost Of Living
Cost Of Living In Lodi, NJ Summary
Cost of living in Lodi 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 Lodi 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 Lodi is 127, with 100 being the average.
The cost of living index in Lodi is 1.3x higher than the national average.
Lodi ranks as the #126 cheapest in New Jersey out of 251.
Lodi ranks as the #5,140 cheapest out of 6,412 in the US.
The median home value in Lodi is $393,500.
The median income in Lodi is $70,821.
Table Of Contents
Lodi's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lodi, NJ?
According to the most recent data on the cost of living, Lodi has an overall cost of living index of 127, which is 1.3x higher than the national index of 100.
Compared to New Jersey, Lodi has a cost of living index that's 1.1x higher than New Jersey's index of 111.
The standard of living in Lodi ranks as #126 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Lodi ranks as the #125 most expensive place in the Garden State.
For more reading on life in Lodi, check out:
- Living In Lodi
- Lodi Crime Report
- Search Homes For Sale In Lodi, NJ
In New Jersey
In America
Lodi Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Lodi. Here is how it fairs on each of the criteria:
The Services index in Lodi is 113.
The Groceries index in Lodi is 107.
The Health index in Lodi is 96.
The Housing index in Lodi is 172.
The Transportation index in Lodi is 108.
The Utilities index in Lodi is 104.
| Living Expense | Lodi | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 127 | 111 | 100 | |
| Services | 113 | 104 | 100 | |
| Groceries | 107 | 104 | 100 | |
| Health | 96 | 95 | 100 | |
| Housing | 172 | 130 | 100 | |
| Transportation | 108 | 106 | 100 | |
| Utilities | 104 | 108 | 100 | |
Lodi, 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 2017-2021. The key points are:
The Median Home Value in Lodi is $393,500.
The Median Rent in Lodi is $1,442.
The Median Income in Lodi is $70,821.
The Home Value To Income in Lodi is 5.6x.
The Rent To Monthly Income in Lodi is 0.24x.
| Statistic | Lodi | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $393,500 | $355,700 | $244,900 |
| Median Rent | $1,442 | $1,436 | $1,163 |
| Median Income | $70,821 | $89,703 | $69,021 |
| Home Value To Income | 5.6x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.24x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Lodi, NJ Costs By Category
Detailed Lodi Services Costs Vs. New Jersey
| Item | Lodi | New Jersey |
|---|---|---|
| Shampoo | $1.0 | $1.06 |
| Movie | $12.49 | $10.68 |
| Bowling | $18.0 | $14.67 |
| Haircut | $20.93 | $18.62 |
| Beauty Salon | $36.53 | $39.05 |
Detailed Lodi Groceries Costs Vs. New Jersey
| Item | Lodi | New Jersey |
|---|---|---|
| Ground Beef | $4.09 | $4.22 |
| Fried Chicken | $1.79 | $1.39 |
| Milk | $2.44 | $2.05 |
| Potatoes | $3.25 | $3.29 |
| Pizza | $11.36 | $10.62 |
| Beer | $9.32 | $9.38 |
| Toothpaste | $2.22 | $2.34 |
Detailed Lodi Health Costs Vs. New Jersey
| Item | Lodi | New Jersey |
|---|---|---|
| Optometrist | $106.0 | $108.57 |
| Doctor | $91.0 | $116.17 |
| Dentist | $102.33 | $99.13 |
Detailed Lodi Transportation Costs Vs. New Jersey
| Item | Lodi | New Jersey |
|---|---|---|
| Gasoline | $2.37 | $2.22 |
| Tire Balancing | $54.12 | $50.07 |
Detailed Lodi Utilities Costs Vs. New Jersey
| Item | Lodi | New Jersey |
|---|---|---|
| All Electricity | $178.53 | $167.67 |
| Phone | $179.87 | $175.64 |
Lodi SnackAbility
/10
Cost Of Living In Cities Around Lodi
The cost of living varies in the cities and towns around Lodi. Here's a quick look at the cost of living in the most populous nearby places:
Passaic, NJ has a cost of living index of 122, 1.0x Lodi.
Hackensack, NJ has a cost of living index of 134, 1.1x Lodi.
Garfield, NJ has a cost of living index of 128, 1.0x Lodi.
| City | Population | Cost Of Living | Vs. Lodi |
|---|---|---|---|
| Passaic, NJ | 70,308 | 122 | 1.0x |
| Hackensack, NJ | 45,723 | 134 | 1.1x |
| Garfield, NJ | 32,481 | 128 | 1.0x |
| Elmwood Park, NJ | 21,239 | 129 | 1.0x |
| Eastchester, NY | 20,636 | 163 | 1.3x |
| Mamaroneck, NY | 19,989 | 165 | 1.3x |
| Scarsdale, NY | 18,063 | 265 | 2.1x |
| Hasbrouck Heights, NJ | 12,120 | 134 | 1.1x |
| Wallington, NJ | 11,833 | 126 | 1.0x |
| Dobbs Ferry, NY | 11,511 | 169 | 1.3x |
