White Meadow Lake, NJ Cost Of Living
Cost Of Living In White Meadow Lake, NJ Summary
Cost of living in White Meadow Lake 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 White Meadow Lake 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 White Meadow Lake is 129, with 100 being the average.
The cost of living index in White Meadow Lake is 1.3x higher than the national average.
White Meadow Lake ranks as the #135 cheapest in New Jersey out of 251.
White Meadow Lake ranks as the #5,222 cheapest out of 6,412 in the US.
The median home value in White Meadow Lake is $372,300.
The median income in White Meadow Lake is $146,741.
Table Of Contents
White Meadow Lake's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in White Meadow Lake, NJ?
According to the most recent data on the cost of living, White Meadow Lake has an overall cost of living index of 129, which is 1.3x higher than the national index of 100.
Compared to New Jersey, White Meadow Lake has a cost of living index that's 1.2x higher than New Jersey's index of 111.
The standard of living in White Meadow Lake ranks as #135 most affordable out of the 251 places we measured in New Jersey. By definition, that implies White Meadow Lake ranks as the #116 most expensive place in the Garden State.
For more reading on life in White Meadow Lake, check out:
- Living In White Meadow Lake
- Search Homes For Sale In White Meadow Lake, NJ
In New Jersey
In America
White Meadow Lake Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in White Meadow Lake. Here is how it fairs on each of the criteria:
The Services index in White Meadow Lake is 105.
The Groceries index in White Meadow Lake is 117.
The Health index in White Meadow Lake is 101.
The Housing index in White Meadow Lake is 181.
The Transportation index in White Meadow Lake is 109.
The Utilities index in White Meadow Lake is 93.
| Living Expense | White Meadow Lake | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 129 | 111 | 100 | |
| Services | 105 | 104 | 100 | |
| Groceries | 117 | 104 | 100 | |
| Health | 101 | 95 | 100 | |
| Housing | 181 | 130 | 100 | |
| Transportation | 109 | 106 | 100 | |
| Utilities | 93 | 108 | 100 | |
White Meadow Lake, 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 White Meadow Lake is $372,300.
The Median Rent in White Meadow Lake is $2,170.
The Median Income in White Meadow Lake is $146,741.
The Home Value To Income in White Meadow Lake is 2.5x.
The Rent To Monthly Income in White Meadow Lake is 0.18x.
| Statistic | White Meadow Lake | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $372,300 | $355,700 | $244,900 |
| Median Rent | $2,170 | $1,436 | $1,163 |
| Median Income | $146,741 | $89,703 | $69,021 |
| Home Value To Income | 2.5x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
White Meadow Lake, NJ Costs By Category
Detailed White Meadow Lake Services Costs Vs. New Jersey
| Item | White Meadow Lake | 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 White Meadow Lake Groceries Costs Vs. New Jersey
| Item | White Meadow Lake | 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 White Meadow Lake Health Costs Vs. New Jersey
| Item | White Meadow Lake | New Jersey |
|---|---|---|
| Optometrist | $92.33 | $108.57 |
| Doctor | $99.57 | $116.17 |
| Dentist | $116.16 | $99.13 |
Detailed White Meadow Lake Transportation Costs Vs. New Jersey
| Item | White Meadow Lake | New Jersey |
|---|---|---|
| Gasoline | $2.45 | $2.22 |
| Tire Balancing | $53.07 | $50.07 |
Detailed White Meadow Lake Utilities Costs Vs. New Jersey
| Item | White Meadow Lake | New Jersey |
|---|---|---|
| All Electricity | $147.86 | $167.67 |
| Phone | $179.87 | $175.64 |
White Meadow Lake SnackAbility
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Cost Of Living In Cities Around White Meadow Lake
The cost of living varies in the cities and towns around White Meadow Lake. Here's a quick look at the cost of living in the most populous nearby places:
Dover, NJ has a cost of living index of 118, 0.9x White Meadow Lake.
Oakland, NJ has a cost of living index of 138, 1.1x White Meadow Lake.
Florham Park, NJ has a cost of living index of 165, 1.3x White Meadow Lake.
| City | Population | Cost Of Living | Vs. White Meadow Lake |
|---|---|---|---|
| Dover, NJ | 18,418 | 118 | 0.9x |
| Oakland, NJ | 12,773 | 138 | 1.1x |
| Florham Park, NJ | 12,655 | 165 | 1.3x |
| Franklin Lakes, NJ | 11,034 | 207 | 1.6x |
| Lincoln Park, NJ | 10,877 | 124 | 1.0x |
| Kinnelon, NJ | 9,994 | 152 | 1.2x |
| Succasunna, NJ | 9,530 | 134 | 1.0x |
| Boonton, NJ | 8,770 | 126 | 1.0x |
| Wharton, NJ | 7,175 | 117 | 0.9x |
| Midland Park, NJ | 7,041 | 144 | 1.1x |
