Boonton, NJ Cost Of Living
Cost Of Living In Boonton, NJ Summary
Cost of living in Boonton 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 Boonton 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 Boonton is 126, with 100 being the average.
The cost of living index in Boonton is 1.3x higher than the national average.
Boonton ranks as the #121 cheapest in New Jersey out of 251.
Boonton ranks as the #5,091 cheapest out of 6,412 in the US.
The median home value in Boonton is $416,300.
The median income in Boonton is $85,948.
Table Of Contents
Boonton's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Boonton, NJ?
According to the most recent data on the cost of living, Boonton has an overall cost of living index of 126, which is 1.3x higher than the national index of 100.
Compared to New Jersey, Boonton has a cost of living index that's 1.1x higher than New Jersey's index of 111.
The standard of living in Boonton ranks as #121 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Boonton ranks as the #130 most expensive place in the Garden State.
For more reading on life in Boonton, check out:
- Living In Boonton
- Boonton Crime Report
- Search Homes For Sale In Boonton, NJ
In New Jersey
In America
Boonton Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Boonton. Here is how it fairs on each of the criteria:
The Services index in Boonton is 102.
The Groceries index in Boonton is 117.
The Health index in Boonton is 102.
The Housing index in Boonton is 181.
The Transportation index in Boonton is 110.
The Utilities index in Boonton is 92.
| Living Expense | Boonton | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 126 | 111 | 100 | |
| Services | 102 | 104 | 100 | |
| Groceries | 117 | 104 | 100 | |
| Health | 102 | 95 | 100 | |
| Housing | 181 | 130 | 100 | |
| Transportation | 110 | 106 | 100 | |
| Utilities | 92 | 108 | 100 | |
Boonton, 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 Boonton is $416,300.
The Median Rent in Boonton is $1,462.
The Median Income in Boonton is $85,948.
The Home Value To Income in Boonton is 4.8x.
The Rent To Monthly Income in Boonton is 0.2x.
| Statistic | Boonton | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $416,300 | $355,700 | $244,900 |
| Median Rent | $1,462 | $1,436 | $1,163 |
| Median Income | $85,948 | $89,703 | $69,021 |
| Home Value To Income | 4.8x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Boonton, NJ Costs By Category
Detailed Boonton Services Costs Vs. New Jersey
| Item | Boonton | 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 Boonton Groceries Costs Vs. New Jersey
| Item | Boonton | 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 Boonton Health Costs Vs. New Jersey
| Item | Boonton | New Jersey |
|---|---|---|
| Optometrist | $92.33 | $108.57 |
| Doctor | $99.57 | $116.17 |
| Dentist | $116.16 | $99.13 |
Detailed Boonton Transportation Costs Vs. New Jersey
| Item | Boonton | New Jersey |
|---|---|---|
| Gasoline | $2.45 | $2.22 |
| Tire Balancing | $53.07 | $50.07 |
Detailed Boonton Utilities Costs Vs. New Jersey
| Item | Boonton | New Jersey |
|---|---|---|
| All Electricity | $147.86 | $167.67 |
| Phone | $179.87 | $175.64 |
Boonton SnackAbility
/10
Cost Of Living In Cities Around Boonton
The cost of living varies in the cities and towns around Boonton. 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 Boonton.
Oakland, NJ has a cost of living index of 138, 1.1x Boonton.
Florham Park, NJ has a cost of living index of 165, 1.3x Boonton.
| City | Population | Cost Of Living | Vs. Boonton |
|---|---|---|---|
| Westfield, NJ | 30,950 | 170 | 1.3x |
| Oakland, NJ | 12,773 | 138 | 1.1x |
| Florham Park, NJ | 12,655 | 165 | 1.3x |
| Hasbrouck Heights, NJ | 12,120 | 134 | 1.1x |
| Glen Rock, NJ | 12,098 | 163 | 1.3x |
| Suffern, NY | 11,376 | 127 | 1.0x |
| Lincoln Park, NJ | 10,877 | 124 | 1.0x |
| Kinnelon, NJ | 9,994 | 152 | 1.2x |
| Succasunna, NJ | 9,530 | 134 | 1.1x |
| White Meadow Lake, NJ | 9,069 | 129 | 1.0x |
