Cost of Living in Fanwood, NJ

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F
53%
Overall NAT. AVG.
8%
Groceries NAT. AVG.
153%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Fanwood New Jersey National
Cost of living153125100
Groceries108108100
Health care111112100
Housing253157100
Transportation110114100
Utilities109111100
Lifestyle & Entertainment108113100
Household Items106107100
Education & Childcare118120100
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Homes For Sale In Fanwood, NJ

property for sale

115 La Grande Ave

Fanwood, NJ
property for sale

341 Terrill Rd

Fanwood, NJ
property for sale

85 Pleasant Ave

Fanwood, NJ
property for sale

47 La Grande Ave

Fanwood, NJ

Cost Of Living Quick Facts

  • The cost of living in Fanwood is 22% higher than the New Jersey average
  • The cost of living in Fanwood is 53% higher than the national average
  • Fanwood housing is 153% higher than the national average
  • New Jersey general sales tax is 30% higher than the national average
  • New Jersey state income tax is 46% lower than the national average

Most Affordable Places to Live in and Around Fanwood

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      Salary Calculator

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      Housing index
      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$280,615$23,385$6,547$8,419
      Renters$115,037$9,586$2,684$3,451
      The affordability of the housing market in Fanwood, NJ as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Fanwood homeowners, the median income is $280,615. This indicates that a monthly maximum of $6,547 should be spent by homeowners on all housing related costs. Renters have a median income of $115,037. This indicates that renters would have a maximum of $2,684 for their rent related monthly costs.

      New Jersey Sales Tax

      State General Sales Tax With Max Surtax
      New Jersey 6.625% 12.625%

      New Jersey Income Tax

      State Income Tax (Low) Income Tax (High)
      New Jersey 1.4% 10.75%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Zarephath, NJ9811312.8%
      Keansburg, NJ10,05011414.1%
      East Orange, NJ66,65511515.1%
      Roselle, NJ22,32111615.7%
      Silver Lake CDP (Warren County), NJ32611717.3%
      Fanwood, NJ7,88615352.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Lincoln, NB7,885n/a 
      Ojai, CA7,88418080.1%
      Woodlake, CA7,89011212.3%
      Pukalani, HI7,89018079.7%
      Caribou, ME7,8908911.2%
      Fanwood, NJ7,88615352.8%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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