Strathmore, NJ Cost Of Living

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

Cost Of Living In Strathmore, NJ Summary

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

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

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

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

  • The median home value in Strathmore is $415,800.

  • The median income in Strathmore is $142,933.

Table Of Contents

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

What is the cost of living in Strathmore, NJ?

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

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

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

For more reading on life in Strathmore, check out:

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

Strathmore Cost Of Living Vs. New Jersey

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

  • The Services index in Strathmore is 114.

  • The Groceries index in Strathmore is 106.

  • The Health index in Strathmore is 100.

  • The Housing index in Strathmore is 179.

  • The Transportation index in Strathmore is 106.

  • The Utilities index in Strathmore is 102.

Living Expense Strathmore New Jersey National Average
Overall 129 111 100
Services 114 104 100
Groceries 106 104 100
Health 100 95 100
Housing 179 130 100
Transportation 106 106 100
Utilities 102 108 100
For more reading on cost of living around New Jersey, check out:
Strathmore Cost of Living Vs. NJ

Strathmore, 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 Strathmore is $415,800.

  • The Median Rent in Strathmore is $1,625.

  • The Median Income in Strathmore is $142,933.

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

  • The Rent To Monthly Income in Strathmore is 0.14x.

Statistic Strathmore New Jersey United States
Median Home Value $415,800 $355,700 $244,900
Median Rent $1,625 $1,436 $1,163
Median Income $142,933 $89,703 $69,021
Home Value To Income 2.9x 4.0x 3.5x
Rent To Monthly Income 0.14x 0.19x 0.2x
Search Homes For Sale In Strathmore, NJ
$415,800
Median Home Value
$1,625
Median Rent
$142,933
Median Income

Strathmore, NJ Costs By Category

Detailed Strathmore Services Costs Vs. New Jersey

Item Strathmore 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 Strathmore Groceries Costs Vs. New Jersey

Item Strathmore 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 Strathmore Health Costs Vs. New Jersey

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

Detailed Strathmore Transportation Costs Vs. New Jersey

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

Detailed Strathmore Utilities Costs Vs. New Jersey

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

Strathmore SnackAbility

6
/10
Overall SnackAbility
Jobs
8.5/10
Housing
9
Affordability
8.5
Diversity
8
Safety
N/A
Amenities
8.5
Education
9.5
Commute
2

Cost Of Living In Cities Around Strathmore

The cost of living varies in the cities and towns around Strathmore. 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 Strathmore.

  • Colonia, NJ has a cost of living index of 127, 1.0x Strathmore.

  • West Freehold, NJ has a cost of living index of 136, 1.1x Strathmore.

City Population Cost Of Living Vs. Strathmore
Westfield, NJ 30,950 170 1.3x
Colonia, NJ 18,776 127 1.0x
West Freehold, NJ 14,565 136 1.1x
Middlesex, NJ 14,513 123 1.0x
Robertsville, NJ 12,365 148 1.1x
Kendall Park, NJ 10,560 131 1.0x
Keansburg, NJ 9,781 107 0.8x
Matawan, NJ 9,486 125 1.0x
Twin Rivers, NJ 8,049 114 0.9x
Madison Park, NJ 8,014 119 0.9x

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