Zip 07624 (Closter, NJ) Cost of Living


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How much do I need to live in Closter, New Jersey?
$12,750 / month
for a family, 136.1% more expensive than the national average A total of $153,000 for the year for a family.
$7,533 / month
for a single person, 58.0% more expensive than the national average A total of $90,400 for the year for a single person.

Closter cost of living score
141
More expensive
41.0% higher
than the US average
17.7% higher
than the New Jersey average
Closter (zip 07624), 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 07624 (Closter, NJ)

Housing costs in Closter?
A typical home costs $799,200, which is 136.4% more expensive than the national average of $338,100 and 85.0% more expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Closter costs $2,620 per month, which is 53.2% more than the national average of $1,710 and 17.2% more than the state average of $2,170.

Can I afford Closter?
To live comfortably in Closter (zip 07624), New Jersey, a minimum annual income of $153,000 for a family, and $90,400 for a single person is recommended.

What does A.I. say about Closter?
Living in 07624 Closter, NJ can be quite expensive. The cost of living is well above the national average, with housing being one of the most costly expenses. The median home price in 07624 is around $640,000, far higher than most other areas of New Jersey and the nation at large. Additionally, goods and services are also more costly than the national average. Food items tend to be more expensive in this area as well as utility costs. While some people may find it worth it for the quality of life offered in Closter, those who are on a budget may find it difficult to maintain their finances in this area.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesClosterNew JerseyUnited States
    Unlock119.8100.0
  110.7  Unlock100.0
    Unlock96.9100.0
  261.2  Unlock100.0
    Unlock$432,100$338,100
  110.4  Unlock100.0
    Unlock127.7100.0
  140.7  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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