Edgewater, NJ Cost Of Living
Cost Of Living In Edgewater, NJ Summary
Cost of living in Edgewater 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 Edgewater 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 Edgewater is 177, with 100 being the average.
The cost of living index in Edgewater is 1.8x higher than the national average.
Edgewater ranks as the #240 cheapest in New Jersey out of 260.
Edgewater ranks as the #6,155 cheapest out of 6,489 in the US.
The median home value in Edgewater is $703,148.
The median income in Edgewater is $137,847.
Table Of Contents
Edgewater's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Edgewater, NJ?
According to the most recent data on the cost of living, Edgewater has an overall cost of living index of 177, which is 1.8x higher than the national index of 100.
Compared to New Jersey, Edgewater has a cost of living index that's 1.5x higher than New Jersey's index of 122.
The standard of living in Edgewater ranks as #240 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Edgewater ranks as the #20 most expensive place in the Garden State.
For more reading on life in Edgewater, check out:
In New Jersey
In America
Edgewater Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Edgewater. Here is how it fairs on each of the criteria:
The Services index in Edgewater is 126.
The Groceries index in Edgewater is 111.
The Health index in Edgewater is 121.
The Housing index in Edgewater is 313.
The Transportation index in Edgewater is 116.
The Utilities index in Edgewater is 100.
| Living Expense | Edgewater | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 177 | 122 | 100 | |
| Services | 126 | 108 | 100 | |
| Groceries | 111 | 104 | 100 | |
| Health | 121 | 99 | 100 | |
| Housing | 313 | 159 | 100 | |
| Transportation | 116 | 101 | 100 | |
| Utilities | 100 | 107 | 100 | |
Edgewater, 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 Edgewater is $703,148.
The Median Rent in Edgewater is $2,645.
The Median Income in Edgewater is $137,847.
The Home Value To Income in Edgewater is 5.1x.
The Rent To Monthly Income in Edgewater is 0.23x.
| Statistic | Edgewater | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $703,148 | $564,432 | $303,400 |
| Median Rent | $2,645 | $1,653 | $1,348 |
| Median Income | $137,847 | $101,050 | $78,538 |
| Home Value To Income | 5.1x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.23x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Edgewater, NJ Costs By Category
Detailed Edgewater Services Costs Vs. New Jersey
| Item | Edgewater | 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 Edgewater Groceries Costs Vs. New Jersey
| Item | Edgewater | 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 Edgewater Health Costs Vs. New Jersey
| Item | Edgewater | New Jersey |
|---|---|---|
| Optometrist | $128.97 | $125.68 |
| Doctor | $162.24 | $135.78 |
| Dentist | $149.64 | $113.29 |
Detailed Edgewater Transportation Costs Vs. New Jersey
| Item | Edgewater | New Jersey |
|---|---|---|
| Gasoline | $3.55 | $3.46 |
| Tire Balancing | $86.43 | $59.92 |
Detailed Edgewater Utilities Costs Vs. New Jersey
| Item | Edgewater | New Jersey |
|---|---|---|
| All Electricity | $201.27 | $193.99 |
| Phone | $200.67 | $192.25 |
Edgewater SnackAbility
/10
Cost Of Living In Cities Around Edgewater
The cost of living varies in the cities and towns around Edgewater. Here's a quick look at the cost of living in the most populous nearby places:
West New York, NJ has a cost of living index of 136, 0.8x Edgewater.
Fort Lee, NJ has a cost of living index of 141, 0.8x Edgewater.
Cliffside Park, NJ has a cost of living index of 149, 0.8x Edgewater.
| City | Population | Cost Of Living | Vs. Edgewater |
|---|---|---|---|
| West New York, NJ | 51,683 | 136 | 0.8x |
| Fort Lee, NJ | 39,818 | 141 | 0.8x |
| Cliffside Park, NJ | 25,580 | 149 | 0.8x |
| Palisades Park, NJ | 20,192 | 163 | 0.9x |
| Woodmere, NY | 18,198 | 194 | 1.1x |
| Port Washington, NY | 17,613 | 194 | 1.1x |
| Fairview, NJ | 14,920 | 156 | 0.9x |
| North New Hyde Park, NY | 14,354 | 178 | 1.0x |
| Ridgefield Park, NJ | 13,167 | 140 | 0.8x |
| Guttenberg, NJ | 11,638 | 130 | 0.7x |
