Zip 07032 (Kearny, NJ) Cost of Living


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Kearny cost of living score
139.5
More expensive
39.5% higher
than the US average
16.4% higher
than the New Jersey average
Kearny (zip 07032), New Jersey gets a BestPlaces Cost of Living score of 139.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 39.5% higher than the U.S. average and 16.4% lower than the average for New Jersey.

Zip 07032 (Kearny, NJ)

Housing costs in Kearny?
A typical home costs $449,000, which is 32.8% more expensive than the national average of $338,100 and 3.9% more expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Kearny costs $1,880 per month, which is 9.9% more than the national average of $1,710 and 15.4% cheaper than the state average of $2,170.

Can I afford Kearny?
To live comfortably in Kearny (zip 07032), New Jersey, a minimum annual income of $86,040 for a family, and $65,600 for a single person is recommended.

What does A.I. say about Kearny?
Kearny, NJ holds an affordable cost of living. The median home value is $288,700 with a median household income of $72,928. The estimated sales tax rate is 6.625%, and the average gas prices are around 2.7% lower than the national average. Renters will find that housing costs in Kearny are typically more affordable than other areas in the tri-state area due to its convenient location near Manhattan. Overall, Kearny offers residents a low cost of living while still providing access to plenty of amenities and activities throughout the area.
   Cost of living score
     CategoriesKearnyNew JerseyUnited States
  139.5119.8100.0
  105.3105.8100
  99.696.9100.0
  144.2136.4100.0
  $449,000$432,100$338,100
  114.1%109.2%100.0%
  144.7127.7100.0
  112.6112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime