Cost of living in Dumont 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 Dumont 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 Dumont is 143, with 100 being the average.
The cost of living index in Dumont is 1.4x higher than the national average.
Dumont ranks as the #183 cheapest in New Jersey out of 251.
Dumont ranks as the #5,677 cheapest out of 6,412 in the US.
The median home value in Dumont is $393,600.
The median income in Dumont is $108,333.
According to the most recent data on the cost of living, Dumont has an overall cost of living index of 143, which is 1.4x higher than the national index of 100.
Compared to New Jersey, Dumont has a cost of living index that's 1.3x higher than New Jersey's index of 111.
The standard of living in Dumont ranks as #183 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Dumont ranks as the #68 most expensive place in the Garden State.
For more reading on life in Dumont, check out:
Six factors go into calculating the cost of living index in Dumont. Here is how it fairs on each of the criteria:
The Services index in Dumont is 135.
The Groceries index in Dumont is 150.
The Health index in Dumont is 108.
The Housing index in Dumont is 173.
The Transportation index in Dumont is 131.
The Utilities index in Dumont is 100.
|Living Expense||Dumont||New Jersey||National Average|
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 2017-2021. The key points are:
The Median Home Value in Dumont is $393,600.
The Median Rent in Dumont is $1,478.
The Median Income in Dumont is $108,333.
The Home Value To Income in Dumont is 3.6x.
The Rent To Monthly Income in Dumont is 0.16x.
|Statistic||Dumont||New Jersey||United States|
|Median Home Value||$393,600||$355,700||$244,900|
|Home Value To Income||3.6x||4.0x||3.5x|
|Rent To Monthly Income||0.16x||0.19x||0.2x|
The cost of living varies in the cities and towns around Dumont. Here's a quick look at the cost of living in the most populous nearby places:
Bergenfield, NJ has a cost of living index of 141, 1.0x Dumont.
Mamaroneck, NY has a cost of living index of 165, 1.2x Dumont.
New Milford, NJ has a cost of living index of 147, 1.0x Dumont.
|City||Population||Cost Of Living||Vs. Dumont|
|New Milford, NJ||16,912||147||1.0x|
|Port Washington, NY||16,807||185||1.3x|
|River Edge, NJ||12,024||155||1.1x|
|Briarcliff Manor, NY||7,587||175||1.2x|