Zip 07645 (Montvale, NJ) Cost of Living


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Montvale cost of living score
141
More expensive
41.0% higher
than the US average
17.7% higher
than the New Jersey average
Montvale (zip 07645), 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.

Zip 07645 (Montvale, NJ)

Housing costs in Montvale?
A typical home costs $674,700, which is 99.6% more expensive than the national average of $338,100 and 56.1% more expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Montvale costs $2,210 per month, which is 29.2% more than the national average of $1,710 and close to the state average of $2,170.

Can I afford Montvale?
To live comfortably in Montvale (zip 07645), New Jersey, a minimum annual income of $129,240 for a family, and $76,400 for a single person is recommended.

What does A.I. say about Montvale?
The cost of living in 07645 Montvale, NJ is relatively high compared to other cities in the United States. According to recent estimates, the average monthly cost of housing in 07645 Montvale, NJ is around $1,906. The cost of food and groceries tends to be reasonably priced. Overall, the cost of goods and services is slightly higher than many other places in the US, but still within an affordable range for most people.
   Cost of living score
     CategoriesMontvaleNew JerseyUnited States
  141.0119.8100.0
  108.8105.8100
  97.996.9100.0
  216.4136.4100.0
  $674,700$432,100$338,100
  108.8%109.2%100.0%
  147.2127.7100.0
  140.7112.5100.0

   100=National Average

   Average Rent by Bedroom Size
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