Jefferson, NJ Cost of Living


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Jefferson cost of living score
136.6
More expensive
36.6% higher
than the US average
14.0% higher
than the New Jersey average
Jefferson, 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.

Jefferson, NJ

Housing costs in Jefferson?
A typical home costs $430,400, which is 27.3% more expensive than the national average of $338,100 and 0.4% less expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Jefferson 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 Jefferson?
To live comfortably in Jefferson, New Jersey, a minimum annual income of $82,440 for a family, and $64,000 for a single person is recommended.

What does A.I. say about Jefferson?
The cost of living in Jefferson, NJ is quite reasonable compared to other areas in the state. The median home price in Jefferson is just over $400,000, and the median rent is just over $1,800 per month. Property taxes are low for New Jersey standards at only 1.6%. Residents can find a variety of groceries stores and restaurants throughout the area as well as numerous entertainment venues and shopping centers. Overall, Jefferson offers its residents an affordable lifestyle that includes a great quality of life.
   Cost of living score
     CategoriesJeffersonNew JerseyUnited States
  136.6119.8100.0
  104.7105.8100
  99.496.9100.0
  57.6136.4100.0
  $430,400$432,100$338,100
  101.4%109.2%100.0%
  147.3127.7100.0
  143.1112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Jefferson
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Over 16 years ago

Low taxes, GREAT schools, Wonderful recreation in and out of schools. Excellent teachers and staff. In and around Lake Hopatcong, fishing, boating and beaches  More

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Over 16 years ago

Great place to live in Morris County, NJ. Year round entertainment both indoors and outdoors. Great youth sports programs thru high school. Hunting, fishing etc. On  More

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