Zip 07026 (Garfield, NJ) Cost of Living


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Garfield cost of living score
141
More expensive
41.0% higher
than the US average
17.7% higher
than the New Jersey average
Garfield (zip 07026), 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 07026 (Garfield, NJ)

Housing costs in Garfield?
A typical home costs $472,500, which is 39.8% more expensive than the national average of $338,100 and 9.3% more expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Garfield costs $1,700 per month, which is 0.6% cheaper than the national average of $1,710 and 27.6% cheaper than the state average of $2,170.

Can I afford Garfield?
To live comfortably in Garfield (zip 07026), New Jersey, a minimum annual income of $90,360 for a family, and $58,400 for a single person is recommended.

What does A.I. say about Garfield?
The cost of living in 07026 Garfield, NJ is generally quite high compared to the national average. Housing prices are significantly higher than in other areas due to the fact that it is located in a desirable area near New York City and other major urban centers. The median home value is around $279,000 and essential goods and services such as groceries, healthcare, and transportation cost more than in other parts of the country. Despite this, the area offers rich amenities not found elsewhere and has very low crime rates, making Garfield an appealing place to live for many.
   Cost of living score
     CategoriesGarfieldNew JerseyUnited States
  141.0119.8100.0
  105.5105.8100
  97.996.9100.0
  151.6136.4100.0
  $472,500$432,100$338,100
  113.8%109.2%100.0%
  138.4127.7100.0
  140.7112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime