New Jersey Cost of Living


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New Jersey cost of living score
119.8
More expensive
19.8% higher
than the US average
0.0% lower
than the New Jersey average
New Jersey gets a BestPlaces Cost of Living score of 119.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 19.8% higher than the U.S. average and 0.0% lower than the average for New Jersey.

New Jersey

Housing costs in New Jersey?
A typical home costs $432,100, which is 27.8% more expensive than the national average of $338,100 and 0.0% less expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in New Jersey costs $1,710 per month, which is 19.6% more than the national average of $1,430 and close to the state average of $1,710.

Can I afford New Jersey?
To live comfortably in New Jersey, a minimum annual income of $82,800 for a family, and $56,400 for a single person is recommended.

What does A.I. say about New Jersey?
New Jersey is known for having a high cost of living compared to other states in the US. The median household income in New Jersey is among the highest in the nation, however, due to its higher taxes and prices, it can be difficult for many to achieve financial stability. Housing costs are considerably high, with the median home costing around $310,000; transportation costs are also high due to long commutes and limited public transit options. Groceries are slightly more expensive than average, as well as health care and childcare costs. Despite its relatively high cost of living, New Jersey offers some of the best education and employment opportunities that come along with living in an urban area.
   Cost of living score
     CategoriesNew Jersey, New JerseyUnited States
  119.8100.0
  105.8100
  96.9100.0
  136.4100.0
  $432,100$338,100
  109.2%100.0%
  127.7100.0
  112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for New Jersey
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On average, there are 206 sunny days per year in New JerseyWhere the heck did they get that from ..It's ALWAYS raining or cloudy in NJ. Last 2 years we had the same  More

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I have lived in New Jersey for 10 years and its has been very tough to get by, high cost of food, High tax, Rent on average is about 1900 a month, housing costs for a  More

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Over 8 years ago

Property Taxes are crazy  More

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