Cost of Living in Strathmore, NJ

Population 6,593 · New Jersey · Data vintage 2023

145
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Strathmore a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $504,000.

Located 20 miles south of Elizabeth, Strathmore falls within that metro's commuting orbit. Median home values run roughly 28% higher than Elizabeth's $394,000.

Cost Overview

Housing 165
Rent 114

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Strathmore

The median home value in Strathmore is $503,600 — 65% above the national median of $305,000. Median rent runs $1,497/month, 14% higher than the national median of $1,314/month. The median household income of $155,048/year is 108% 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 63.8°F and lows of 47.1°F, with about 31.5" of annual snowfall. Overall, Strathmore has a cost of living index of 145 versus the US average of 100, meaning it is 45% more expensive.

🏠 Housing

Median Home Value
$503,600
65% above avg
Zillow Home Value
$59,659
Zillow ZHVI
Median Rent
$1,497/mo
14% above avg
Price-to-Rent Ratio
28.0x
Favors renting
Property Tax Rate
2.5%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,474
1 BR
$1,654
2 BR
$2,040
3 BR
$2,550
4 BR
$2,885
Owner-occupied 88.2%
Renter-occupied 11.8%

💰 Estimated Monthly Budget

Rent median rent
$1,497
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,111/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
41.1 min
52% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
14.9%

Commute Mode

Drove alone
68.6%
Carpooled
3.8%
Public transit
9.8%
Walked
1.1%
Work from home
14.9%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 10.8%
Total Sales Tax 6.6%
State rate 6.6%
Avg local rate -0.0%
Property Tax 2.5%

💼 Income & Employment

Median Household Income
$155,048
108% above avg
Per Capita Income
$64,028
Unemployment Rate
5.4%
12% above avg
Poverty Rate
2.8%
Labor Force Participation
71.7%

🎓 Education

Bachelor's degree+ 40.6%
Graduate degree 24.7%

👥 Demographics

Median Age 42.8
Male median age 39.3
Female median age 46.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
63.8°F
Avg Low
47.1°F
Annual Precip
46.6"
Annual Snowfall
31.5"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 404351637382878578665545
Low °F 262734445464696861493931
Precip" 3.422.984.133.873.974.344.664.153.823.793.334.14
Snow" 9.110.15.60.50.00.00.00.00.00.20.65.4

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 39 — Good
85%
Good air days/yr
140
Max AQI recorded
0
PM2.5 days
247
Ozone days

Frequently Asked Questions

What is the cost of living in Strathmore, NJ?

Strathmore has a cost index of 145 (100 = national average). It is 45% above the national average.

What is average rent in Strathmore, NJ?

The median gross rent in Strathmore is $1,497 per month based on 2023 Census data.

What is the average home price in Strathmore?

The median home value in Strathmore is $503,600 according to Zillow and Census data.

What is the median income in Strathmore?

The median household income in Strathmore is $155,048 per year (2023 ACS 5-year estimates).

What is the sales tax in Strathmore, NJ?

The combined state and local sales tax rate in Strathmore is 6.6%. The New Jersey state income tax top rate is 10.8%.

Is Strathmore, NJ affordable?

Strathmore is above average in cost of living, with an index of 145 — about 45% higher than the national average.

What is the weather like in Strathmore?

Strathmore has average high temperatures of 63.8°F and average lows of 47.1°F. Annual precipitation is 46.6". Average annual snowfall is 31.5". Data from NOAA 1991–2020 Climate Normals.

Strathmore at a Glance

Population
6,593
Median Income
$155,048
Home Value
$503,600
Median Rent
$1,497/mo
Unemployment
5.4%
Avg High Temp
63.8°F
Sales Tax
6.6%
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🗺️ County data for New Jersey

Explore county-level cost of living data

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