Cost of living in Iselin 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 Iselin 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 Iselin is 122, with 100 being the average.
The cost of living index in Iselin is 1.2x higher than the national average.
Iselin ranks as the #102 cheapest in New Jersey out of 251.
Iselin ranks as the #4,905 cheapest out of 6,412 in the US.
The median home value in Iselin is $328,400.
The median income in Iselin is $103,179.
According to the most recent data on the cost of living, Iselin has an overall cost of living index of 122, which is 1.2x higher than the national index of 100.
Compared to New Jersey, Iselin has a cost of living index that's 1.1x higher than New Jersey's index of 111.
The standard of living in Iselin ranks as #102 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Iselin ranks as the #149 most expensive place in the Garden State.
For more reading on life in Iselin, check out:
Six factors go into calculating the cost of living index in Iselin. Here is how it fairs on each of the criteria:
The Services index in Iselin is 114.
The Groceries index in Iselin is 109.
The Health index in Iselin is 104.
The Housing index in Iselin is 161.
The Transportation index in Iselin is 105.
The Utilities index in Iselin is 104.
Living Expense | Iselin | New Jersey | National Average | |
---|---|---|---|---|
Overall | 122 | 111 | 100 | |
Services | 114 | 104 | 100 | |
Groceries | 109 | 104 | 100 | |
Health | 104 | 95 | 100 | |
Housing | 161 | 130 | 100 | |
Transportation | 105 | 106 | 100 | |
Utilities | 104 | 108 | 100 |
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 Iselin is $328,400.
The Median Rent in Iselin is $1,880.
The Median Income in Iselin is $103,179.
The Home Value To Income in Iselin is 3.2x.
The Rent To Monthly Income in Iselin is 0.22x.
Statistic | Iselin | New Jersey | United States |
---|---|---|---|
Median Home Value | $328,400 | $355,700 | $244,900 |
Median Rent | $1,880 | $1,436 | $1,163 |
Median Income | $103,179 | $89,703 | $69,021 |
Home Value To Income | 3.2x | 4.0x | 3.5x |
Rent To Monthly Income | 0.22x | 0.19x | 0.2x |
Item | Iselin | 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 |
Item | Iselin | 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 |
Item | Iselin | New Jersey |
---|---|---|
Optometrist | $101.33 | $108.57 |
Doctor | $94.5 | $116.17 |
Dentist | $113.15 | $99.13 |
Item | Iselin | New Jersey |
---|---|---|
Gasoline | $2.26 | $2.22 |
Tire Balancing | $56.66 | $50.07 |
Item | Iselin | New Jersey |
---|---|---|
All Electricity | $174.26 | $167.67 |
Phone | $179.87 | $175.64 |
The cost of living varies in the cities and towns around Iselin. Here's a quick look at the cost of living in the most populous nearby places:
Perth Amboy, NJ has a cost of living index of 113, 0.9x Iselin.
Westfield, NJ has a cost of living index of 170, 1.4x Iselin.
Rahway, NJ has a cost of living index of 120, 1.0x Iselin.
City | Population | Cost Of Living | Vs. Iselin |
---|---|---|---|
Perth Amboy, NJ | 55,046 | 113 | 0.9x |
Westfield, NJ | 30,950 | 170 | 1.4x |
Rahway, NJ | 29,582 | 120 | 1.0x |
South Plainfield, NJ | 24,251 | 126 | 1.0x |
Woodbridge, NJ | 21,314 | 122 | 1.0x |
Colonia, NJ | 18,776 | 127 | 1.0x |
Avenel, NJ | 17,132 | 117 | 1.0x |
Metuchen, NJ | 14,883 | 135 | 1.1x |
Bradley Gardens, NJ | 14,798 | 144 | 1.2x |
Middlesex, NJ | 14,513 | 123 | 1.0x |