Zip 08840 (Metuchen, NJ) Cost of Living


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Metuchen cost of living score
124.7
More expensive
24.7% higher
than the US average
4.1% higher
than the New Jersey average
Metuchen (zip 08840), New Jersey gets a BestPlaces Cost of Living score of 124.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 24.7% higher than the U.S. average and 4.1% lower than the average for New Jersey.

Zip 08840 (Metuchen, NJ)

Housing costs in Metuchen?
A typical home costs $549,600, which is 62.6% more expensive than the national average of $338,100 and 27.2% more expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Metuchen costs $2,160 per month, which is 26.3% more than the national average of $1,710 and close to the state average of $2,170.

Can I afford Metuchen?
To live comfortably in Metuchen (zip 08840), New Jersey, a minimum annual income of $105,480 for a family, and $68,400 for a single person is recommended.

What does A.I. say about Metuchen?
The cost of living in Metuchen, NJ 08840 is fairly high. The median home value is $433,700 and the median rent price is $2,400 per month. This is significantly higher than the national average in terms of housing costs. Groceries and utilities are slightly more expensive than the national average as well. Additionally, despite a low unemployment rate, salaries in the area tend to be lower than those of other places with similar job opportunities. All of this combined makes Metuchen a relatively expensive place to live.
   Cost of living score
     CategoriesMetuchenNew JerseyUnited States
  124.7119.8100.0
  106.3105.8100
  98.896.9100.0
  164.0136.4100.0
  $549,600$432,100$338,100
  114.7%109.2%100.0%
  146.1127.7100.0
  122.1112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime