Raritan, NJ Cost Of Living

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

Cost Of Living In Raritan, NJ Summary

Cost of living in Raritan 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 Raritan 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 Raritan is 129, with 100 being the average.

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

  • Raritan ranks as the #135 cheapest in New Jersey out of 251.

  • Raritan ranks as the #5,222 cheapest out of 6,412 in the US.

  • The median home value in Raritan is $369,400.

  • The median income in Raritan is $90,125.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
129
Raritan's Overall Cost Of Living
1.3x
Higher Than The National Average

What is the cost of living in Raritan, NJ?

According to the most recent data on the cost of living, Raritan has an overall cost of living index of 129, which is 1.3x higher than the national index of 100.

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

The standard of living in Raritan ranks as #135 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Raritan ranks as the #116 most expensive place in the Garden State.

For more reading on life in Raritan, check out:

135 out of 251
In New Jersey
5,222 out of 6,412
In America

Raritan Cost Of Living Vs. New Jersey

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

  • The Services index in Raritan is 114.

  • The Groceries index in Raritan is 108.

  • The Health index in Raritan is 100.

  • The Housing index in Raritan is 171.

  • The Transportation index in Raritan is 105.

  • The Utilities index in Raritan is 104.

Living Expense Raritan New Jersey National Average
Overall 129 111 100
Services 114 104 100
Groceries 108 104 100
Health 100 95 100
Housing 171 130 100
Transportation 105 106 100
Utilities 104 108 100
For more reading on cost of living around New Jersey, check out:
Raritan Cost of Living Vs. NJ

Raritan, 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 Raritan is $369,400.

  • The Median Rent in Raritan is $1,717.

  • The Median Income in Raritan is $90,125.

  • The Home Value To Income in Raritan is 4.1x.

  • The Rent To Monthly Income in Raritan is 0.23x.

Statistic Raritan New Jersey United States
Median Home Value $369,400 $355,700 $244,900
Median Rent $1,717 $1,436 $1,163
Median Income $90,125 $89,703 $69,021
Home Value To Income 4.1x 4.0x 3.5x
Rent To Monthly Income 0.23x 0.19x 0.2x
Search Homes For Sale In Raritan, NJ
$369,400
Median Home Value
$1,717
Median Rent
$90,125
Median Income

Raritan, NJ Costs By Category

Detailed Raritan Services Costs Vs. New Jersey

Item Raritan 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 Raritan Groceries Costs Vs. New Jersey

Item Raritan 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 Raritan Health Costs Vs. New Jersey

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

Detailed Raritan Transportation Costs Vs. New Jersey

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

Detailed Raritan Utilities Costs Vs. New Jersey

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

Raritan SnackAbility

9
/10
Overall SnackAbility
Jobs
8/10
Housing
9
Affordability
5
Diversity
9
Safety
9
Amenities
8.5
Education
8
Commute
6

Cost Of Living In Cities Around Raritan

The cost of living varies in the cities and towns around Raritan. 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, 1.3x Raritan.

  • Bradley Gardens, NJ has a cost of living index of 144, 1.1x Raritan.

  • Middlesex, NJ has a cost of living index of 123, 1.0x Raritan.

City Population Cost Of Living Vs. Raritan
Westfield, NJ 30,950 170 1.3x
Bradley Gardens, NJ 14,798 144 1.1x
Middlesex, NJ 14,513 123 1.0x
Florham Park, NJ 12,655 165 1.3x
Somerville, NJ 12,453 122 0.9x
Martinsville, NJ 11,980 155 1.2x
Bound Brook, NJ 11,799 120 0.9x
Manville, NJ 10,861 117 0.9x
Succasunna, NJ 9,530 134 1.0x
Bernardsville, NJ 7,862 164 1.3x

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