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Martinsville, NJ vs Princeton, NJ

163
Martinsville
New Jersey
VS
-16.4%
195
Princeton
New Jersey

There is a significant gap in the cost of living between these two cities. Martinsville is 16.4% cheaper than Princeton. With a cost index of 163 vs 195, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Martinsville to Princeton should plan for substantially higher expenses across most categories.

On the housing front, median rent in Martinsville is $2,183/month compared to $2,448/month in Princeton — a 11% difference. Home values follow the same pattern: Martinsville is more affordable at $702,700 median vs $1,040,400.

Median household income in Martinsville is $206,839 compared to $184,113 in Princeton (+12.3%). Martinsville offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Martinsville spend roughly 12.7% of their income on rent, less than the 16% in Princeton.

Income & Cost

Cost of Living Index
Martinsville
163
16% cheaper
Princeton
195
Median Household Income
Martinsville
$206,839
11% higher
Princeton
$184,113

Housing

Median Rent
Martinsville
$2,183
11% cheaper
Princeton
$2,448
Median Home Value
Martinsville
$702,700
32% cheaper
Princeton
$1,040,400
Population
Martinsville
12,016
Princeton
30,451

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Martinsville $3.32
Princeton $3.00
US $3.07
🥚
Eggs (grade A, large)
Martinsville $2.71
Princeton $2.44
US $2.50
🥛
Milk (whole)
Martinsville $4.36
Princeton $3.94
US $4.03
🍞
Bread (white)
Martinsville $2.00
Princeton $1.81
US $1.85
🍗
Chicken breast
Martinsville $4.49
Princeton $4.05
US $4.14
Electricity
Martinsville $0.24
Princeton $0.21
US $0.19