Cost of Living in Raritan, NJ
Population 8,192 · New Jersey · Data vintage 2023
(100 = US avg)
Raritan sits on the smaller end of the New Jersey city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.
Located 25 miles west of Elizabeth, Raritan falls within that metro's commuting orbit. Median home values run roughly 14% higher than Elizabeth's $394,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Raritan
The median home value in Raritan is $449,200 — 47% above the national median of $305,000. Median rent runs $1,927/month, 47% higher than the national median of $1,314/month. The median household income of $103,699/year is 39% higher than the US median of $74,580. The local unemployment rate is 5.4%, above 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, Raritan has a cost of living index of 147 versus the US average of 100, meaning it is 47% more expensive.
Raritan has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 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 |
Frequently Asked Questions
What is the cost of living in Raritan, NJ?
Raritan has a cost index of 147 (100 = national average). It is 47% above the national average.
What is average rent in Raritan, NJ?
The median gross rent in Raritan is $1,927 per month based on 2023 Census data.
What is the average home price in Raritan?
The median home value in Raritan is $449,200 according to Zillow and Census data.
What is the median income in Raritan?
The median household income in Raritan is $103,699 per year (2023 ACS 5-year estimates).
What is the sales tax in Raritan, NJ?
The combined state and local sales tax rate in Raritan is 6.6%. The New Jersey state income tax top rate is 10.8%.
Is Raritan, NJ affordable?
Raritan is above average in cost of living, with an index of 147 — about 47% higher than the national average.
What is the weather like in Raritan?
Raritan 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.
Raritan at a Glance
- Population
- 8,192
- Median Income
- $103,699
- Home Value
- $449,200
- Median Rent
- $1,927/mo
- Unemployment
- 5.4%
- Avg High Temp
- 63.6°F
- Sales Tax
- 6.6%
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New Jersey Rankings
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