Wanaque, NJ Cost of Living


0 Reviews



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

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, 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.

Wanaque, NJ

Housing costs in Wanaque?
A typical home costs $389,400, which is 15.2% more expensive than the national average of $338,100 and 9.9% less expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Wanaque costs $2,020 per month, which is 41.3% more than the national average of $1,430 and 15.3% more than the state average of $1,710.

Can I afford Wanaque?
To live comfortably in Wanaque, New Jersey, a minimum annual income of $74,520 for a family, and $69,200 for a single person is recommended.

What does A.I. say about Wanaque?
The cost of living in Wanaque, NJ is quite affordable compared to other places in the state. The median home price in Wanaque is around $307,000, which is significantly lower than the national median home price of $217,000. Additionally, the cost of groceries and other everyday items in Wanaque is relatively low with an overall cost of living index rating around 101 (the national average is 100). Moreover, taxes are lower than many nearby towns and there are various ways for residents to save on their utility bills. Overall, it's a great place to live that won't break the bank!
   Cost of living score
     CategoriesWanaqueNew JerseyUnited States
  124.8119.8100.0
  104.8105.8100
  101.296.9100.0
  122.1136.4100.0
  $389,400$432,100$338,100
  102.0%109.2%100.0%
  138.5127.7100.0
  102.4112.5100.0

   100=National Average

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