Cost of Living in Martinsville, NJ
Population 12,016 · New Jersey · Data vintage 2023
(100 = US avg)
Martinsville's housing market reflects its status as a high-earning metro: $703,000 for a typical home, 130% above the US median, paired with household incomes around $206,839 that put it in the upper third of the state. The labor market has been unusually tight, with unemployment around 2.3% — below most comparable cities in the state.
Located 20 miles west of Elizabeth, Martinsville falls within that metro's commuting orbit. Median home values run roughly 79% higher than Elizabeth's $394,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Martinsville
The median home value in Martinsville is $702,700 — 130% above the national median of $305,000. Median rent runs $2,183/month, 66% higher than the national median of $1,314/month. The median household income of $206,839/year is 177% higher than the US median of $74,580. The local unemployment rate is 2.3%, below the national average of 4.8%. New Jersey's top state income tax rate is 10.8% and the combined sales tax is 6.6%. The climate averages highs of 63.6°F and lows of 41.4°F. Overall, Martinsville has a cost of living index of 205 versus the US average of 100, meaning it is 105% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 39 | 43 | 51 | 63 | 73 | 81 | 86 | 84 | 78 | 66 | 55 | 44 |
| Low °F | 21 | 22 | 30 | 39 | 48 | 58 | 63 | 61 | 54 | 42 | 33 | 26 |
| Precip" | 3.16 | 2.20 | 3.89 | 3.59 | 3.54 | 4.23 | 4.93 | 5.18 | 3.82 | 3.67 | 3.41 | 3.87 |
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Martinsville, NJ?
Martinsville has a cost index of 205 (100 = national average). It is 105% above the national average.
What is average rent in Martinsville, NJ?
The median gross rent in Martinsville is $2,183 per month based on 2023 Census data.
What is the average home price in Martinsville?
The median home value in Martinsville is $702,700 according to 2023 Census ACS data.
What is the median income in Martinsville?
The median household income in Martinsville is $206,839 per year (2023 ACS 5-year estimates).
What is the sales tax in Martinsville, NJ?
The combined state and local sales tax rate in Martinsville is 6.6%. The New Jersey state income tax top rate is 10.8%.
Is Martinsville, NJ affordable?
Martinsville is above average in cost of living, with an index of 205 — about 105% higher than the national average.
What is the weather like in Martinsville?
Martinsville has average high temperatures of 63.6°F and average lows of 41.4°F. Annual precipitation is 45.5". Data from NOAA 1991–2020 Climate Normals.
Martinsville at a Glance
- Population
- 12,016
- Median Income
- $206,839
- Home Value
- $702,700
- Median Rent
- $2,183/mo
- Unemployment
- 2.3%
- Avg High Temp
- 63.6°F
- Sales Tax
- 6.6%
Nearby Cities
Explore county-level cost of living data
New Jersey Rankings
Similar Cost Cities
Cities in other states with comparable housing costs