Bogota, NJ Cost Of Living
Cost Of Living In Bogota, NJ Summary
Cost of living in Bogota research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Bogota is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New Jersey, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Bogota is 134, with 100 being the average.
The cost of living index in Bogota is 1.3x higher than the national average.
Bogota ranks as the #152 cheapest in New Jersey out of 260.
Bogota ranks as the #5,171 cheapest out of 6,489 in the US.
The median home value in Bogota is $612,452.
The median income in Bogota is $107,321.
Table Of Contents
Bogota's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Bogota, NJ?
According to the most recent data on the cost of living, Bogota has an overall cost of living index of 134, which is 1.3x higher than the national index of 100.
Compared to New Jersey, Bogota has a cost of living index that's 1.1x higher than New Jersey's index of 122.
The standard of living in Bogota ranks as #152 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Bogota ranks as the #108 most expensive place in the Garden State.
For more reading on life in Bogota, check out:
In New Jersey
In America
Bogota Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Bogota. Here is how it fairs on each of the criteria:
The Services index in Bogota is 129.
The Groceries index in Bogota is 115.
The Health index in Bogota is 121.
The Housing index in Bogota is 175.
The Transportation index in Bogota is 117.
The Utilities index in Bogota is 103.
| Living Expense | Bogota | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 134 | 122 | 100 | |
| Services | 129 | 108 | 100 | |
| Groceries | 115 | 104 | 100 | |
| Health | 121 | 99 | 100 | |
| Housing | 175 | 159 | 100 | |
| Transportation | 117 | 101 | 100 | |
| Utilities | 103 | 107 | 100 | |
Bogota, NJ Housing Cost Breakdown
Housing swings affordability the most between places in New Jersey, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Bogota is $612,452.
The Median Rent in Bogota is $1,893.
The Median Income in Bogota is $107,321.
The Home Value To Income in Bogota is 5.7x.
The Rent To Monthly Income in Bogota is 0.21x.
| Statistic | Bogota | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $612,452 | $564,432 | $303,400 |
| Median Rent | $1,893 | $1,653 | $1,348 |
| Median Income | $107,321 | $101,050 | $78,538 |
| Home Value To Income | 5.7x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.21x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Bogota, NJ Costs By Category
Detailed Bogota Services Costs Vs. New Jersey
| Item | Bogota | New Jersey |
|---|---|---|
| Shampoo | $1.69 | $1.28 |
| Movie | $13.68 | $12.13 |
| Bowling | $29.4 | $18 |
| Haircut | $34.94 | $24.26 |
| Beauty Salon | $64.07 | $45.56 |
Detailed Bogota Groceries Costs Vs. New Jersey
| Item | Bogota | New Jersey |
|---|---|---|
| Ground Beef | $5.87 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.97 | $4.67 |
| Potatoes | $5.21 | $4.93 |
| Pizza | $12.57 | $12.09 |
| Beer | $11.87 | $10.41 |
| Toothpaste | $3.96 | $3.7 |
Detailed Bogota Health Costs Vs. New Jersey
| Item | Bogota | New Jersey |
|---|---|---|
| Optometrist | $128.97 | $125.68 |
| Doctor | $162.24 | $135.78 |
| Dentist | $149.64 | $113.29 |
Detailed Bogota Transportation Costs Vs. New Jersey
| Item | Bogota | New Jersey |
|---|---|---|
| Gasoline | $3.55 | $3.46 |
| Tire Balancing | $86.43 | $59.92 |
Detailed Bogota Utilities Costs Vs. New Jersey
| Item | Bogota | New Jersey |
|---|---|---|
| All Electricity | $201.27 | $193.99 |
| Phone | $200.67 | $192.25 |
Bogota SnackAbility
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Cost Of Living In Cities Around Bogota
The cost of living varies in the cities and towns around Bogota. Here's a quick look at the cost of living in the most populous nearby places:
Hackensack, NJ has a cost of living index of 134, 1.0x Bogota.
Lodi, NJ has a cost of living index of 132, 1.0x Bogota.
Eastchester, NY has a cost of living index of 167, 1.2x Bogota.
| City | Population | Cost Of Living | Vs. Bogota |
|---|---|---|---|
| Hackensack, NJ | 45,768 | 134 | 1.0x |
| Lodi, NJ | 25,946 | 132 | 1.0x |
| Eastchester, NY | 20,519 | 167 | 1.2x |
| Palisades Park, NJ | 20,192 | 163 | 1.2x |
| Mamaroneck, NY | 19,840 | 166 | 1.2x |
| Port Washington, NY | 17,613 | 194 | 1.4x |
| North New Hyde Park, NY | 14,354 | 178 | 1.3x |
| Ridgefield Park, NJ | 13,167 | 140 | 1.0x |
| Hasbrouck Heights, NJ | 12,067 | 138 | 1.0x |
| Little Ferry, NJ | 10,942 | 139 | 1.0x |
