Cost of living in Cresskill 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 Cresskill 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 Cresskill is 183, with 100 being the average.
The cost of living index in Cresskill is 1.8x higher than the national average.
Cresskill ranks as the #247 cheapest in New Jersey out of 260.
Cresskill ranks as the #6,212 cheapest out of 6,489 in the US.
The median home value in Cresskill is $997,237.
The median income in Cresskill is $173,293.
According to the most recent data on the cost of living, Cresskill has an overall cost of living index of 183, which is 1.8x higher than the national index of 100.
Compared to New Jersey, Cresskill has a cost of living index that's 1.5x higher than New Jersey's index of 122.
The standard of living in Cresskill ranks as #247 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Cresskill ranks as the #13 most expensive place in the Garden State.
For more reading on life in Cresskill, check out:
Six factors go into calculating the cost of living index in Cresskill. Here is how it fairs on each of the criteria:
The Services index in Cresskill is 126.
The Groceries index in Cresskill is 113.
The Health index in Cresskill is 122.
The Housing index in Cresskill is 334.
The Transportation index in Cresskill is 116.
The Utilities index in Cresskill is 104.
| Living Expense | Cresskill | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 183 | 122 | 100 | |
| Services | 126 | 108 | 100 | |
| Groceries | 113 | 104 | 100 | |
| Health | 122 | 99 | 100 | |
| Housing | 334 | 159 | 100 | |
| Transportation | 116 | 101 | 100 | |
| Utilities | 104 | 107 | 100 | |
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 Cresskill is $997,237.
The Median Rent in Cresskill is $2,311.
The Median Income in Cresskill is $173,293.
The Home Value To Income in Cresskill is 5.8x.
The Rent To Monthly Income in Cresskill is 0.16x.
| Statistic | Cresskill | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $997,237 | $564,432 | $303,400 |
| Median Rent | $2,311 | $1,653 | $1,348 |
| Median Income | $173,293 | $101,050 | $78,538 |
| Home Value To Income | 5.8x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.16x | 0.2x | 0.21x |
| Item | Cresskill | 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 |
| Item | Cresskill | 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 |
| Item | Cresskill | New Jersey |
|---|---|---|
| Optometrist | $128.97 | $125.68 |
| Doctor | $162.24 | $135.78 |
| Dentist | $149.64 | $113.29 |
| Item | Cresskill | New Jersey |
|---|---|---|
| Gasoline | $3.55 | $3.46 |
| Tire Balancing | $86.43 | $59.92 |
| Item | Cresskill | New Jersey |
|---|---|---|
| All Electricity | $201.27 | $193.99 |
| Phone | $200.67 | $192.25 |
The cost of living varies in the cities and towns around Cresskill. Here's a quick look at the cost of living in the most populous nearby places:
Englewood, NJ has a cost of living index of 144, 0.8x Cresskill.
Bergenfield, NJ has a cost of living index of 137, 0.7x Cresskill.
Dumont, NJ has a cost of living index of 140, 0.8x Cresskill.
| City | Population | Cost Of Living | Vs. Cresskill |
|---|---|---|---|
| Englewood, NJ | 29,342 | 144 | 0.8x |
| Bergenfield, NJ | 28,269 | 137 | 0.7x |
| Dumont, NJ | 18,072 | 140 | 0.8x |
| Port Washington, NY | 17,613 | 194 | 1.1x |
| New Milford, NJ | 16,882 | 148 | 0.8x |
| Tenafly, NJ | 15,252 | 210 | 1.1x |
| North New Hyde Park, NY | 14,354 | 178 | 1.0x |
| Closter, NJ | 8,544 | 179 | 1.0x |
| Pleasantville, NY | 7,395 | 176 | 1.0x |
| Briarcliff Manor, NY | 7,333 | 178 | 1.0x |