Morris Plains, NJ Cost Of Living
Cost Of Living In Morris Plains, NJ Summary
Cost of living in Morris Plains 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 Morris Plains 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 Morris Plains is 147, with 100 being the average.
The cost of living index in Morris Plains is 1.5x higher than the national average.
Morris Plains ranks as the #193 cheapest in New Jersey out of 251.
Morris Plains ranks as the #5,771 cheapest out of 6,412 in the US.
The median home value in Morris Plains is $556,100.
The median income in Morris Plains is $131,731.
Table Of Contents
Morris Plains's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Morris Plains, NJ?
According to the most recent data on the cost of living, Morris Plains has an overall cost of living index of 147, which is 1.5x higher than the national index of 100.
Compared to New Jersey, Morris Plains has a cost of living index that's 1.3x higher than New Jersey's index of 111.
The standard of living in Morris Plains ranks as #193 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Morris Plains ranks as the #58 most expensive place in the Garden State.
For more reading on life in Morris Plains, check out:
- Living In Morris Plains
- Morris Plains Crime Report
- Search Homes For Sale In Morris Plains, NJ
In New Jersey
In America
Morris Plains Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Morris Plains. Here is how it fairs on each of the criteria:
The Services index in Morris Plains is 106.
The Groceries index in Morris Plains is 116.
The Health index in Morris Plains is 99.
The Housing index in Morris Plains is 242.
The Transportation index in Morris Plains is 111.
The Utilities index in Morris Plains is 94.
| Living Expense | Morris Plains | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 147 | 111 | 100 | |
| Services | 106 | 104 | 100 | |
| Groceries | 116 | 104 | 100 | |
| Health | 99 | 95 | 100 | |
| Housing | 242 | 130 | 100 | |
| Transportation | 111 | 106 | 100 | |
| Utilities | 94 | 108 | 100 | |
Morris Plains, 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 Morris Plains is $556,100.
The Median Rent in Morris Plains is $2,355.
The Median Income in Morris Plains is $131,731.
The Home Value To Income in Morris Plains is 4.2x.
The Rent To Monthly Income in Morris Plains is 0.21x.
| Statistic | Morris Plains | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $556,100 | $355,700 | $244,900 |
| Median Rent | $2,355 | $1,436 | $1,163 |
| Median Income | $131,731 | $89,703 | $69,021 |
| Home Value To Income | 4.2x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Morris Plains, NJ Costs By Category
Detailed Morris Plains Services Costs Vs. New Jersey
| Item | Morris Plains | 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 Morris Plains Groceries Costs Vs. New Jersey
| Item | Morris Plains | 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 Morris Plains Health Costs Vs. New Jersey
| Item | Morris Plains | New Jersey |
|---|---|---|
| Optometrist | $92.33 | $108.57 |
| Doctor | $99.57 | $116.17 |
| Dentist | $116.16 | $99.13 |
Detailed Morris Plains Transportation Costs Vs. New Jersey
| Item | Morris Plains | New Jersey |
|---|---|---|
| Gasoline | $2.45 | $2.22 |
| Tire Balancing | $53.07 | $50.07 |
Detailed Morris Plains Utilities Costs Vs. New Jersey
| Item | Morris Plains | New Jersey |
|---|---|---|
| All Electricity | $147.86 | $167.67 |
| Phone | $179.87 | $175.64 |
Morris Plains SnackAbility
/10
Cost Of Living In Cities Around Morris Plains
The cost of living varies in the cities and towns around Morris Plains. 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, 1.2x Morris Plains.
Morristown, TN has a cost of living index of 85, 0.6x Morris Plains.
Dover, NJ has a cost of living index of 118, 0.8x Morris Plains.
| City | Population | Cost Of Living | Vs. Morris Plains |
|---|---|---|---|
| Westfield, NJ | 30,950 | 170 | 1.2x |
| Morristown, TN | 30,387 | 85 | 0.6x |
| Dover, NJ | 18,418 | 118 | 0.8x |
| Madison, NJ | 16,819 | 164 | 1.1x |
| Oakland, NJ | 12,773 | 138 | 0.9x |
| Florham Park, NJ | 12,655 | 165 | 1.1x |
| Glen Rock, NJ | 12,098 | 163 | 1.1x |
| Martinsville, NJ | 11,980 | 155 | 1.1x |
| Lincoln Park, NJ | 10,877 | 124 | 0.8x |
| Succasunna, NJ | 9,530 | 134 | 0.9x |
