Zip 07927 (Cedar Knolls, NJ) Cost of Living


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Cedar Knolls cost of living score
136.6
More expensive
36.6% higher
than the US average
14.0% higher
than the New Jersey average
Cedar Knolls (zip 07927), New Jersey gets a BestPlaces Cost of Living score of 136.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 36.6% higher than the U.S. average and 14.0% lower than the average for New Jersey.

Zip 07927 (Cedar Knolls, NJ)

Housing costs in Cedar Knolls?
A typical home costs $580,400, which is 71.7% more expensive than the national average of $338,100 and 34.3% more expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Cedar Knolls costs $2,460 per month, which is 72.0% more than the national average of $1,430 and 30.5% more than the state average of $1,710.

Can I afford Cedar Knolls?
To live comfortably in Cedar Knolls (zip 07927), New Jersey, a minimum annual income of $111,240 for a family, and $82,000 for a single person is recommended.

What does A.I. say about Cedar Knolls?
The cost of living in 07927 Cedar Knolls, NJ is slightly higher than the US average. Prices for housing are particularly high due to its proximity to New York City, with a median home price of around $460,000. The area also has a higher cost of goods and services than the national average, which can be attributed to its popularity as a suburb of NYC. Additionally, the median household income in the area is just over $104,000 annually, making this an expensive place to live. Despite the high costs associated with living here, Cedar Knolls is still considered a desirable place for many people because of its amenities and access to nearby metropolitan areas.
   Cost of living score
     CategoriesCedar KnollsNew JerseyUnited States
  136.6119.8100.0
  107.4105.8100
  99.496.9100.0
  196.9136.4100.0
  $580,400$432,100$338,100
  103.9%109.2%100.0%
  131.3127.7100.0
  143.9112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime