Ramtown, NJ Cost Of Living

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

Cost Of Living In Ramtown, NJ Summary

Cost of living in Ramtown 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 Ramtown 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 Ramtown is 128, with 100 being the average.

  • The cost of living index in Ramtown is 1.3x higher than the national average.

  • Ramtown ranks as the #129 cheapest in New Jersey out of 251.

  • Ramtown ranks as the #5,183 cheapest out of 6,412 in the US.

  • The median home value in Ramtown is $368,300.

  • The median income in Ramtown is $125,772.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
128
Ramtown's Overall Cost Of Living
1.3x
Higher Than The National Average

What is the cost of living in Ramtown, NJ?

According to the most recent data on the cost of living, Ramtown has an overall cost of living index of 128, which is 1.3x higher than the national index of 100.

Compared to New Jersey, Ramtown has a cost of living index that's 1.2x higher than New Jersey's index of 111.

The standard of living in Ramtown ranks as #129 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Ramtown ranks as the #122 most expensive place in the Garden State.

For more reading on life in Ramtown, check out:

129 out of 251
In New Jersey
5,183 out of 6,412
In America

Ramtown Cost Of Living Vs. New Jersey

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

  • The Services index in Ramtown is 113.

  • The Groceries index in Ramtown is 107.

  • The Health index in Ramtown is 101.

  • The Housing index in Ramtown is 178.

  • The Transportation index in Ramtown is 107.

  • The Utilities index in Ramtown is 100.

Living Expense Ramtown New Jersey National Average
Overall 128 111 100
Services 113 104 100
Groceries 107 104 100
Health 101 95 100
Housing 178 130 100
Transportation 107 106 100
Utilities 100 108 100
For more reading on cost of living around New Jersey, check out:
Ramtown Cost of Living Vs. NJ

Ramtown, 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 Ramtown is $368,300.

  • The Median Rent in Ramtown is $2,074.

  • The Median Income in Ramtown is $125,772.

  • The Home Value To Income in Ramtown is 2.9x.

  • The Rent To Monthly Income in Ramtown is 0.2x.

Statistic Ramtown New Jersey United States
Median Home Value $368,300 $355,700 $244,900
Median Rent $2,074 $1,436 $1,163
Median Income $125,772 $89,703 $69,021
Home Value To Income 2.9x 4.0x 3.5x
Rent To Monthly Income 0.2x 0.19x 0.2x
Search Homes For Sale In Ramtown, NJ
$368,300
Median Home Value
$2,074
Median Rent
$125,772
Median Income

Ramtown, NJ Costs By Category

Detailed Ramtown Services Costs Vs. New Jersey

Item Ramtown New Jersey
Shampoo $1.03 $1.06
Movie $12.59 $10.68
Bowling $17.73 $14.67
Haircut $20.73 $18.62
Beauty Salon $36.4 $39.05

Detailed Ramtown Groceries Costs Vs. New Jersey

Item Ramtown New Jersey
Ground Beef $3.87 $4.22
Fried Chicken $1.67 $1.39
Milk $2.41 $2.05
Potatoes $3.09 $3.29
Pizza $11.4 $10.62
Beer $9.19 $9.38
Toothpaste $2.16 $2.34

Detailed Ramtown Health Costs Vs. New Jersey

Item Ramtown New Jersey
Optometrist $101.33 $108.57
Doctor $94.5 $116.17
Dentist $113.15 $99.13

Detailed Ramtown Transportation Costs Vs. New Jersey

Item Ramtown New Jersey
Gasoline $2.26 $2.22
Tire Balancing $56.66 $50.07

Detailed Ramtown Utilities Costs Vs. New Jersey

Item Ramtown New Jersey
All Electricity $174.26 $167.67
Phone $179.87 $175.64

Ramtown SnackAbility

5
/10
Overall SnackAbility
Jobs
8.5/10
Housing
1
Affordability
1
Diversity
8
Safety
N/A
Amenities
8.5
Education
9
Commute
3

Cost Of Living In Cities Around Ramtown

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

  • Lakewood, NJ has a cost of living index of 136, 1.1x Ramtown.

  • Tinton Falls, NJ has a cost of living index of 126, 1.0x Ramtown.

  • Point Pleasant, NJ has a cost of living index of 132, 1.0x Ramtown.

City Population Cost Of Living Vs. Ramtown
Lakewood, NJ 66,752 136 1.1x
Tinton Falls, NJ 19,053 126 1.0x
Point Pleasant, NJ 18,839 132 1.0x
West Freehold, NJ 14,565 136 1.1x
Freehold, NJ 12,485 119 0.9x
Pine Lake Park, NJ 9,148 117 0.9x
Yorketown, NJ 7,316 144 1.1x
Lincroft, NJ 6,812 139 1.1x
Fair Haven, NJ 6,235 189 1.5x
Little Silver, NJ 6,103 178 1.4x

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