Laurence Harbor, NJ Cost Of Living
Cost Of Living In Laurence Harbor, NJ Summary
Cost of living in Laurence Harbor 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 Laurence Harbor 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 Laurence Harbor is 116, with 100 being the average.
The cost of living index in Laurence Harbor is 1.2x higher than the national average.
Laurence Harbor ranks as the #60 cheapest in New Jersey out of 251.
Laurence Harbor ranks as the #4,558 cheapest out of 6,412 in the US.
The median home value in Laurence Harbor is $271,800.
The median income in Laurence Harbor is $87,938.
Table Of Contents
Laurence Harbor's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Laurence Harbor, NJ?
According to the most recent data on the cost of living, Laurence Harbor has an overall cost of living index of 116, which is 1.2x higher than the national index of 100.
Compared to New Jersey, Laurence Harbor has a cost of living index that's 1.0x higher than New Jersey's index of 111.
The standard of living in Laurence Harbor ranks as #60 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Laurence Harbor ranks as the #191 most expensive place in the Garden State.
For more reading on life in Laurence Harbor, check out:
- Living In Laurence Harbor
- Search Homes For Sale In Laurence Harbor, NJ
In New Jersey
In America
Laurence Harbor Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Laurence Harbor. Here is how it fairs on each of the criteria:
The Services index in Laurence Harbor is 114.
The Groceries index in Laurence Harbor is 106.
The Health index in Laurence Harbor is 101.
The Housing index in Laurence Harbor is 131.
The Transportation index in Laurence Harbor is 106.
The Utilities index in Laurence Harbor is 102.
| Living Expense | Laurence Harbor | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 116 | 111 | 100 | |
| Services | 114 | 104 | 100 | |
| Groceries | 106 | 104 | 100 | |
| Health | 101 | 95 | 100 | |
| Housing | 131 | 130 | 100 | |
| Transportation | 106 | 106 | 100 | |
| Utilities | 102 | 108 | 100 | |
Laurence Harbor, 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 Laurence Harbor is $271,800.
The Median Rent in Laurence Harbor is $1,438.
The Median Income in Laurence Harbor is $87,938.
The Home Value To Income in Laurence Harbor is 3.1x.
The Rent To Monthly Income in Laurence Harbor is 0.2x.
| Statistic | Laurence Harbor | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $271,800 | $355,700 | $244,900 |
| Median Rent | $1,438 | $1,436 | $1,163 |
| Median Income | $87,938 | $89,703 | $69,021 |
| Home Value To Income | 3.1x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Laurence Harbor, NJ Costs By Category
Detailed Laurence Harbor Services Costs Vs. New Jersey
| Item | Laurence Harbor | 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 Laurence Harbor Groceries Costs Vs. New Jersey
| Item | Laurence Harbor | 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 Laurence Harbor Health Costs Vs. New Jersey
| Item | Laurence Harbor | New Jersey |
|---|---|---|
| Optometrist | $101.33 | $108.57 |
| Doctor | $94.5 | $116.17 |
| Dentist | $113.15 | $99.13 |
Detailed Laurence Harbor Transportation Costs Vs. New Jersey
| Item | Laurence Harbor | New Jersey |
|---|---|---|
| Gasoline | $2.26 | $2.22 |
| Tire Balancing | $56.66 | $50.07 |
Detailed Laurence Harbor Utilities Costs Vs. New Jersey
| Item | Laurence Harbor | New Jersey |
|---|---|---|
| All Electricity | $174.26 | $167.67 |
| Phone | $179.87 | $175.64 |
Laurence Harbor SnackAbility
/10
Cost Of Living In Cities Around Laurence Harbor
The cost of living varies in the cities and towns around Laurence Harbor. 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, 1.0x Laurence Harbor.
Sayreville, NJ has a cost of living index of 118, 1.0x Laurence Harbor.
Westfield, NJ has a cost of living index of 170, 1.5x Laurence Harbor.
| City | Population | Cost Of Living | Vs. Laurence Harbor |
|---|---|---|---|
| Perth Amboy, NJ | 55,046 | 113 | 1.0x |
| Sayreville, NJ | 45,062 | 118 | 1.0x |
| Westfield, NJ | 30,950 | 170 | 1.5x |
| Colonia, NJ | 18,776 | 127 | 1.1x |
| Middlesex, NJ | 14,513 | 123 | 1.1x |
| New Providence, NJ | 13,570 | 154 | 1.3x |
| Matawan, NJ | 9,486 | 125 | 1.1x |
| South Amboy, NJ | 9,320 | 117 | 1.0x |
| Twin Rivers, NJ | 8,049 | 114 | 1.0x |
| Madison Park, NJ | 8,014 | 119 | 1.0x |
