Strathmore, NJ Cost Of Living
Cost Of Living In Strathmore, NJ Summary
Cost of living in Strathmore 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 Strathmore 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 Strathmore is 129, with 100 being the average.
The cost of living index in Strathmore is 1.3x higher than the national average.
Strathmore ranks as the #135 cheapest in New Jersey out of 251.
Strathmore ranks as the #5,222 cheapest out of 6,412 in the US.
The median home value in Strathmore is $415,800.
The median income in Strathmore is $142,933.
Table Of Contents
Strathmore's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Strathmore, NJ?
According to the most recent data on the cost of living, Strathmore has an overall cost of living index of 129, which is 1.3x higher than the national index of 100.
Compared to New Jersey, Strathmore has a cost of living index that's 1.2x higher than New Jersey's index of 111.
The standard of living in Strathmore ranks as #135 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Strathmore ranks as the #116 most expensive place in the Garden State.
For more reading on life in Strathmore, check out:
- Living In Strathmore
- Search Homes For Sale In Strathmore, NJ
In New Jersey
In America
Strathmore Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Strathmore. Here is how it fairs on each of the criteria:
The Services index in Strathmore is 114.
The Groceries index in Strathmore is 106.
The Health index in Strathmore is 100.
The Housing index in Strathmore is 179.
The Transportation index in Strathmore is 106.
The Utilities index in Strathmore is 102.
| Living Expense | Strathmore | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 129 | 111 | 100 | |
| Services | 114 | 104 | 100 | |
| Groceries | 106 | 104 | 100 | |
| Health | 100 | 95 | 100 | |
| Housing | 179 | 130 | 100 | |
| Transportation | 106 | 106 | 100 | |
| Utilities | 102 | 108 | 100 | |
Strathmore, 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 Strathmore is $415,800.
The Median Rent in Strathmore is $1,625.
The Median Income in Strathmore is $142,933.
The Home Value To Income in Strathmore is 2.9x.
The Rent To Monthly Income in Strathmore is 0.14x.
| Statistic | Strathmore | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $415,800 | $355,700 | $244,900 |
| Median Rent | $1,625 | $1,436 | $1,163 |
| Median Income | $142,933 | $89,703 | $69,021 |
| Home Value To Income | 2.9x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.14x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Strathmore, NJ Costs By Category
Detailed Strathmore Services Costs Vs. New Jersey
| Item | Strathmore | 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 Strathmore Groceries Costs Vs. New Jersey
| Item | Strathmore | 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 Strathmore Health Costs Vs. New Jersey
| Item | Strathmore | New Jersey |
|---|---|---|
| Optometrist | $101.33 | $108.57 |
| Doctor | $94.5 | $116.17 |
| Dentist | $113.15 | $99.13 |
Detailed Strathmore Transportation Costs Vs. New Jersey
| Item | Strathmore | New Jersey |
|---|---|---|
| Gasoline | $2.26 | $2.22 |
| Tire Balancing | $56.66 | $50.07 |
Detailed Strathmore Utilities Costs Vs. New Jersey
| Item | Strathmore | New Jersey |
|---|---|---|
| All Electricity | $174.26 | $167.67 |
| Phone | $179.87 | $175.64 |
Strathmore SnackAbility
/10
Cost Of Living In Cities Around Strathmore
The cost of living varies in the cities and towns around Strathmore. 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 Strathmore.
Colonia, NJ has a cost of living index of 127, 1.0x Strathmore.
West Freehold, NJ has a cost of living index of 136, 1.1x Strathmore.
| City | Population | Cost Of Living | Vs. Strathmore |
|---|---|---|---|
| Westfield, NJ | 30,950 | 170 | 1.3x |
| Colonia, NJ | 18,776 | 127 | 1.0x |
| West Freehold, NJ | 14,565 | 136 | 1.1x |
| Middlesex, NJ | 14,513 | 123 | 1.0x |
| Robertsville, NJ | 12,365 | 148 | 1.1x |
| Kendall Park, NJ | 10,560 | 131 | 1.0x |
| Keansburg, NJ | 9,781 | 107 | 0.8x |
| Matawan, NJ | 9,486 | 125 | 1.0x |
| Twin Rivers, NJ | 8,049 | 114 | 0.9x |
| Madison Park, NJ | 8,014 | 119 | 0.9x |
