Morris Plains, NJ Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Morris Plains, NJ Summary

Cost of living in Morris Plains 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 Morris Plains 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 Morris Plains is 147, with 100 being the average.

  • The cost of living index in Morris Plains is 1.5x higher than the national average.

  • Morris Plains ranks as the #193 cheapest in New Jersey out of 251.

  • Morris Plains ranks as the #5,771 cheapest out of 6,412 in the US.

  • The median home value in Morris Plains is $556,100.

  • The median income in Morris Plains is $131,731.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
147
Morris Plains's Overall Cost Of Living
1.5x
Higher Than The National Average

What is the cost of living in Morris Plains, NJ?

According to the most recent data on the cost of living, Morris Plains has an overall cost of living index of 147, which is 1.5x higher than the national index of 100.

Compared to New Jersey, Morris Plains has a cost of living index that's 1.3x higher than New Jersey's index of 111.

The standard of living in Morris Plains ranks as #193 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Morris Plains ranks as the #58 most expensive place in the Garden State.

For more reading on life in Morris Plains, check out:

193 out of 251
In New Jersey
5,771 out of 6,412
In America

Morris Plains Cost Of Living Vs. New Jersey

Six factors go into calculating the cost of living index in Morris Plains. Here is how it fairs on each of the criteria:

  • The Services index in Morris Plains is 106.

  • The Groceries index in Morris Plains is 116.

  • The Health index in Morris Plains is 99.

  • The Housing index in Morris Plains is 242.

  • The Transportation index in Morris Plains is 111.

  • The Utilities index in Morris Plains is 94.

Living Expense Morris Plains New Jersey National Average
Overall 147 111 100
Services 106 104 100
Groceries 116 104 100
Health 99 95 100
Housing 242 130 100
Transportation 111 106 100
Utilities 94 108 100
For more reading on cost of living around New Jersey, check out:
Morris Plains Cost of Living Vs. NJ

Morris Plains, 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 Morris Plains is $556,100.

  • The Median Rent in Morris Plains is $2,355.

  • The Median Income in Morris Plains is $131,731.

  • The Home Value To Income in Morris Plains is 4.2x.

  • The Rent To Monthly Income in Morris Plains is 0.21x.

Statistic Morris Plains New Jersey United States
Median Home Value $556,100 $355,700 $244,900
Median Rent $2,355 $1,436 $1,163
Median Income $131,731 $89,703 $69,021
Home Value To Income 4.2x 4.0x 3.5x
Rent To Monthly Income 0.21x 0.19x 0.2x
Search Homes For Sale In Morris Plains, NJ
$556,100
Median Home Value
$2,355
Median Rent
$131,731
Median Income

Morris Plains, NJ Costs By Category

Detailed Morris Plains Services Costs Vs. New Jersey

Item Morris Plains New Jersey
Shampoo $1.09 $1.06
Movie $12.38 $10.68
Bowling $20.56 $14.67
Haircut $20.96 $18.62
Beauty Salon $45.37 $39.05

Detailed Morris Plains Groceries Costs Vs. New Jersey

Item Morris Plains New Jersey
Ground Beef $4.21 $4.22
Fried Chicken $1.94 $1.39
Milk $2.37 $2.05
Potatoes $3.52 $3.29
Pizza $11.27 $10.62
Beer $8.27 $9.38
Toothpaste $2.06 $2.34

Detailed Morris Plains Health Costs Vs. New Jersey

Item Morris Plains New Jersey
Optometrist $92.33 $108.57
Doctor $99.57 $116.17
Dentist $116.16 $99.13

Detailed Morris Plains Transportation Costs Vs. New Jersey

Item Morris Plains New Jersey
Gasoline $2.45 $2.22
Tire Balancing $53.07 $50.07

Detailed Morris Plains Utilities Costs Vs. New Jersey

Item Morris Plains New Jersey
All Electricity $147.86 $167.67
Phone $179.87 $175.64

Morris Plains SnackAbility

10
/10
Overall SnackAbility
Jobs
9/10
Housing
10
Affordability
5
Diversity
7
Safety
8.5
Amenities
8.5
Education
9.5
Commute
5

Cost Of Living In Cities Around Morris Plains

The cost of living varies in the cities and towns around Morris Plains. Here's a quick look at the cost of living in the most populous nearby places:

  • Westfield, NJ has a cost of living index of 170, 1.2x Morris Plains.

  • Morristown, TN has a cost of living index of 85, 0.6x Morris Plains.

  • Dover, NJ has a cost of living index of 118, 0.8x Morris Plains.

City Population Cost Of Living Vs. Morris Plains
Westfield, NJ 30,950 170 1.2x
Morristown, TN 30,387 85 0.6x
Dover, NJ 18,418 118 0.8x
Madison, NJ 16,819 164 1.1x
Oakland, NJ 12,773 138 0.9x
Florham Park, NJ 12,655 165 1.1x
Glen Rock, NJ 12,098 163 1.1x
Martinsville, NJ 11,980 155 1.1x
Lincoln Park, NJ 10,877 124 0.8x
Succasunna, NJ 9,530 134 0.9x

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