Zip 07465 (Wanaque, NJ) Cost of Living


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Wanaque cost of living score
124.8
More expensive
24.8% higher
than the US average
4.2% higher
than the New Jersey average
Wanaque (zip 07465), New Jersey gets a BestPlaces Cost of Living score of 124.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 24.8% higher than the U.S. average and 4.2% lower than the average for New Jersey.

Zip 07465 (Wanaque, NJ)

Housing costs in Wanaque?
A typical home costs $394,300, which is 16.6% more expensive than the national average of $338,100 and 8.7% less expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Wanaque costs $2,050 per month, which is 19.9% more than the national average of $1,710 and 5.9% cheaper than the state average of $2,170.

Can I afford Wanaque?
To live comfortably in Wanaque (zip 07465), New Jersey, a minimum annual income of $75,600 for a family, and $70,400 for a single person is recommended.

What does A.I. say about Wanaque?
The cost of living in 07465 Wanaque, NJ is relatively high. The median home value is $377,200, which is higher than the national average by nearly double. On top of that, the average cost of a gallon of gas is 5% higher than the national average and the median rent is over $2,000 per month. Additionally, groceries are slightly more expensive here than other places in the US. Despite these costs however, Wanaque offers a peaceful lifestyle with nearby shopping and recreational activities that make it worth it for many.
   Cost of living score
     CategoriesWanaqueNew JerseyUnited States
  124.8119.8100.0
  105.3105.8100
  101.296.9100.0
  126.1136.4100.0
  $394,300$432,100$338,100
  102.0%109.2%100.0%
  144.8127.7100.0
  101.6112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime