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Population Review

What is the cost of living in New Jersey?

Key cost indicators in New Jersey: median home value $427,600, median rent $1,653/month, median household income $101,050, per Census ACS 5-Year estimates.

Context

Census ACS does not publish a composite cost-of-living index, but housing, the single largest household expense, is the strongest signal. New Jersey's housing costs combined with local incomes determine how affordable the state actually is for residents.

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Key cost indicators in New Jersey: median home value $427,600, median rent $1,653/month, median household income $101,050, per Census ACS 5-Year estimates.