Ramtown, NJ Cost Of Living
Cost Of Living In Ramtown, NJ Summary
Cost of living in Ramtown 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 Ramtown 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 Ramtown is 128, with 100 being the average.
The cost of living index in Ramtown is 1.3x higher than the national average.
Ramtown ranks as the #129 cheapest in New Jersey out of 251.
Ramtown ranks as the #5,183 cheapest out of 6,412 in the US.
The median home value in Ramtown is $368,300.
The median income in Ramtown is $125,772.
Table Of Contents
Ramtown's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Ramtown, NJ?
According to the most recent data on the cost of living, Ramtown has an overall cost of living index of 128, which is 1.3x higher than the national index of 100.
Compared to New Jersey, Ramtown has a cost of living index that's 1.2x higher than New Jersey's index of 111.
The standard of living in Ramtown ranks as #129 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Ramtown ranks as the #122 most expensive place in the Garden State.
For more reading on life in Ramtown, check out:
- Living In Ramtown
- Search Homes For Sale In Ramtown, NJ
In New Jersey
In America
Ramtown Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Ramtown. Here is how it fairs on each of the criteria:
The Services index in Ramtown is 113.
The Groceries index in Ramtown is 107.
The Health index in Ramtown is 101.
The Housing index in Ramtown is 178.
The Transportation index in Ramtown is 107.
The Utilities index in Ramtown is 100.
| Living Expense | Ramtown | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 128 | 111 | 100 | |
| Services | 113 | 104 | 100 | |
| Groceries | 107 | 104 | 100 | |
| Health | 101 | 95 | 100 | |
| Housing | 178 | 130 | 100 | |
| Transportation | 107 | 106 | 100 | |
| Utilities | 100 | 108 | 100 | |
Ramtown, 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 Ramtown is $368,300.
The Median Rent in Ramtown is $2,074.
The Median Income in Ramtown is $125,772.
The Home Value To Income in Ramtown is 2.9x.
The Rent To Monthly Income in Ramtown is 0.2x.
| Statistic | Ramtown | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $368,300 | $355,700 | $244,900 |
| Median Rent | $2,074 | $1,436 | $1,163 |
| Median Income | $125,772 | $89,703 | $69,021 |
| Home Value To Income | 2.9x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Ramtown, NJ Costs By Category
Detailed Ramtown Services Costs Vs. New Jersey
| Item | Ramtown | 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 Ramtown Groceries Costs Vs. New Jersey
| Item | Ramtown | 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 Ramtown Health Costs Vs. New Jersey
| Item | Ramtown | New Jersey |
|---|---|---|
| Optometrist | $101.33 | $108.57 |
| Doctor | $94.5 | $116.17 |
| Dentist | $113.15 | $99.13 |
Detailed Ramtown Transportation Costs Vs. New Jersey
| Item | Ramtown | New Jersey |
|---|---|---|
| Gasoline | $2.26 | $2.22 |
| Tire Balancing | $56.66 | $50.07 |
Detailed Ramtown Utilities Costs Vs. New Jersey
| Item | Ramtown | New Jersey |
|---|---|---|
| All Electricity | $174.26 | $167.67 |
| Phone | $179.87 | $175.64 |
Ramtown SnackAbility
/10
Cost Of Living In Cities Around Ramtown
The cost of living varies in the cities and towns around Ramtown. Here's a quick look at the cost of living in the most populous nearby places:
Lakewood, NJ has a cost of living index of 136, 1.1x Ramtown.
Tinton Falls, NJ has a cost of living index of 126, 1.0x Ramtown.
Point Pleasant, NJ has a cost of living index of 132, 1.0x Ramtown.
| City | Population | Cost Of Living | Vs. Ramtown |
|---|---|---|---|
| Lakewood, NJ | 66,752 | 136 | 1.1x |
| Tinton Falls, NJ | 19,053 | 126 | 1.0x |
| Point Pleasant, NJ | 18,839 | 132 | 1.0x |
| West Freehold, NJ | 14,565 | 136 | 1.1x |
| Freehold, NJ | 12,485 | 119 | 0.9x |
| Pine Lake Park, NJ | 9,148 | 117 | 0.9x |
| Yorketown, NJ | 7,316 | 144 | 1.1x |
| Lincroft, NJ | 6,812 | 139 | 1.1x |
| Fair Haven, NJ | 6,235 | 189 | 1.5x |
| Little Silver, NJ | 6,103 | 178 | 1.4x |
