Little Falls, NJ Cost of Living


0 Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.

Little Falls cost of living score
124.8
More expensive
24.8% higher
than the US average
4.2% higher
than the New Jersey average
Little Falls, 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.

Little Falls, NJ

Housing costs in Little Falls?
A typical home costs $503,700, which is 49.0% more expensive than the national average of $338,100 and 16.6% more expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Little Falls costs $1,880 per month, which is 31.5% more than the national average of $1,430 and 9.0% more than the state average of $1,710.

Can I afford Little Falls?
To live comfortably in Little Falls, New Jersey, a minimum annual income of $96,480 for a family, and $64,800 for a single person is recommended.

What does A.I. say about Little Falls?
The cost of living in Little Falls, NJ is quite reasonable compared to many other areas of the state. Despite its proximity to New York City and its high-end amenities, the median home value in Little Falls is only just over $430,000. This is far below the median home value for the entire state of New Jersey which stands at around $360,000. Additionally, groceries and utilities are also significantly cheaper than average when compared to other parts of the state. Therefore, those looking for an affordable place to live should certainly consider Little Falls as a possibility.
   Cost of living score
     CategoriesLittle FallsNew JerseyUnited States
  124.8119.8100.0
  106105.8100
  101.296.9100.0
  154.2136.4100.0
  $503,700$432,100$338,100
  115.4%109.2%100.0%
  136.8127.7100.0
  102.0112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
Compare Little Falls, NJ cost of living
Compare food, housing, utilities, and more in Little Falls, New Jersey to any other city in the US.