Old Tappan, NJ Cost of Living


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Old Tappan cost of living score
141
More expensive
41.0% higher
than the US average
17.7% higher
than the New Jersey average
Old Tappan, New Jersey gets a BestPlaces Cost of Living score of 141, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 41.0% higher than the U.S. average and 17.7% lower than the average for New Jersey.

Old Tappan, NJ

Housing costs in Old Tappan?
A typical home costs $929,600, which is 174.9% more expensive than the national average of $338,100 and 115.1% more expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Old Tappan costs $2,400 per month, which is 67.8% more than the national average of $1,430 and 28.8% more than the state average of $1,710.

Can I afford Old Tappan?
To live comfortably in Old Tappan, New Jersey, a minimum annual income of $178,200 for a family, and $82,800 for a single person is recommended.

What does A.I. say about Old Tappan?
Old Tappan, NJ is known for its high cost of living, with an average home price of $620,000 and average rent of $2,000 per month. Despite these figures, the town still offers great value for money. It boasts excellent school systems and several parks that provide access to outdoor activities. The town also has many local businesses and restaurants which serve quality goods at reasonable prices. In addition, residents benefit from a low crime rate and low taxes as well as plenty of housing options to choose from in all price ranges. All these factors make Old Tappan a great place to live for those who can afford the cost of living in this charming suburban community.
   Cost of living score
     CategoriesOld TappanNew JerseyUnited States
  141.0119.8100.0
  108.5105.8100
  97.996.9100.0
  284.4136.4100.0
  $929,600$432,100$338,100
  112.8%109.2%100.0%
  145.8127.7100.0
  140.9112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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