Rumson, NJ Cost Of Living

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Updated: 2020-03-08
225
Rumson's Overall Cost Of Living
2.2x
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 Rumson is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Rumson, NJ?

According to the most recent data on the cost of living, Rumson has an overall cost of living index of 225 which is 2.2x higher than the national index of 100.

Compared to only New Jersey, Rumson has a cost of living index that's 1.8x higher than New Jersey's index of 123.

The standard of living in Rumson ranks as #6355 most affordable out of the 6522 places we measured in New Jersey. By definition, that implies Rumson ranks as the #51 most expensive place in the Garden State.

For more reading on life in Rumson, check out:

Rumson Cost Of Living Vs. New Jersey

Living Expense Rumson New Jersey National Average
Overall 225 123 100
Services 136 111 100
Groceries 142 110 100
Health 110 102 100
Housing 444 158 100
Transportation 128 110 100
Utilities 111 100 100
For more reading on cost of living around New Jersey, check out:
Rumson Cost of Living Vs. NJ

Rumson, 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.

$1,123,900
Median Home Value
$2,107
Median Rent
$177,857
Median Income
Statistic Rumson New Jersey United States
Median Home Value $1,123,900 $327,900 $204,900
Median Rent $2,107 $1,295 $1,023
Median Income $177,857 $79,363 $60,293
Home Value To Income 6.3x 4.1x 3.4x
Rent To Monthly Income 0.14x 0.2x 0.2x

Rumson SnackAbility

10
/10
Overall SnackAbility
Jobs
9.5/10
Housing
10
Affordability
7
Diversity
5
Safety
9.5
Amenities
8
Education
10
Commute
1

Cost Of Living In Cities Around Rumson

City Population Cost Of Living Vs. Rumson
Old Bridge, NJ 23,607 126 0.6x
Tinton Falls, NJ 17,731 129 0.6x
West Freehold, NJ 13,759 135 0.6x
Red Bank, NJ 12,120 145 0.6x
Freehold, NJ 11,855 121 0.5x
Strathmore, NJ 7,742 130 0.6x
Yorketown, NJ 6,565 143 0.6x
Lincroft, NJ 6,348 138 0.6x
Ramtown, NJ 6,076 131 0.6x
Fair Haven, NJ 5,943 189 0.8x

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