What is a cost of living index?

A Cost of living index is a number starting at 100(100 = US Average). Higher means the place is more expensive than the US Average and lower than 100 means the place is less expensive than the US Average.

SOMERSET vs. MONROE_TOWNSHIP_(MIDDLESEX_COUNTY)
Cost of Living Comparison

Comparison

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Somerset, New Jersey vs. Monroe township (Middlesex County), New Jersey

Q: What is a pro or con of living in Monroe township (Middlesex County), New Jerseycompared to Somerset, New Jersey?

Median Home Cost is 14% more expensive in Monroe township (Middlesex County).

Q: What salary do I need to live in Monroe township (Middlesex County), New Jersey copmared to Somerset, New Jersey?

A salary of $50,000 in Somerset, New Jersey should increase to $52,396 in Monroe township (Middlesex County), New Jersey (assumptions include Homeowner, no Child Care, and Taxes are not considered.

Cost of Living Comparison

The cost of living in Monroe township (Middlesex County), New Jersey is 4.8% more expensive than Somerset, New Jersey.

You would need a salary of $52,396 in Monroe township (Middlesex County), New Jersey to maintain the standard of living you have in Somerset, New Jersey.

Comparison highlights

• Overall, Monroe township (Middlesex County), New Jersey is more expensive than Somerset, New Jersey
• Median Home Cost is the biggest factor in the cost of living difference.

Median Home Cost
14% more expensive in Monroe township (Middlesex County)
than in Somerset, New Jersey

Somerset, NJ vs. Monroe_Township_(Middlesex_County), NJ

Compared to Somerset, Monroe_Township_(Middlesex_County) is:

Homeowner

No Child Care, Taxes not Considered

4.8% higher

Child Care, Taxes not Considered

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Child Care, Taxes Considered

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No Child Care, Taxes Considered

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Renter

No Child Care, Taxes not Considered

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Child Care, Taxes not Considered

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Child Care, Taxes Considered

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No Child Care, Taxes Considered

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Food

0.3% higher

Housing (Homeowner)

18.3% higher

Housing (Rent)

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Median Home Cost

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Utilities

4.8% lower

Commute

7.7% higher

Health

1.3% higher

Taxes

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Childcare

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Personal

5.9% lower

Cost of Food

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Somerset, New Jersey vs. Monroe township (Middlesex County), New Jersey

Cost of Living Comparison

Comparison highlights

Somerset, NJ vs. Monroe_Township_(Middlesex_County), NJ

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