What is the cost of living in Elmwood Park, NJ?
According to the most recent data on the cost of living, Elmwood Park has an overall cost of living index of 138, which is 1.4x higher than the national index of 100.
Compared to New Jersey, Elmwood Park has a cost of living index that's 1.1x higher than New Jersey's index of 125.
The standard of living in Elmwood Park ranks as #161 most affordable out of the 262 places we measured in New Jersey. By definition, that implies Elmwood Park ranks as the #101 most expensive place in the Garden State.
For more reading on life in Elmwood Park, check out:
Elmwood Park Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Elmwood Park. Here is how it fares on each of the criteria:
The Services index in Elmwood Park is 110.
The Groceries index in Elmwood Park is 111.
The Health index in Elmwood Park is 194.
The Housing index in Elmwood Park is 110.
The Transportation index in Elmwood Park is 111.
The Utilities index in Elmwood Park is 108.
| Living Expense | Elmwood Park | New Jersey | National Average |
|---|---|---|---|
| Overall | 138 | 125 | 100 |
| Services | 110 | 107 | 100 |
| Groceries | 111 | 113 | 100 |
| Health | 194 | 155 | 100 |
| Housing | 110 | 116 | 100 |
| Transportation | 111 | 112 | 100 |
| Utilities | 108 | 113 | 100 |
Elmwood Park Cost Of Living Compared To New Jersey Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New Jersey, check out:
Protect your home budget Compare home warranties in Elmwood Park Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Elmwood Park, 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 2020-2024. The key points are:
The Median Home Value in Elmwood Park is $616,473.
The Median Rent in Elmwood Park is $2,074.
The Median Income in Elmwood Park is $101,740.
The Home Value To Income in Elmwood Park is 6.1x.
The Rent To Monthly Income in Elmwood Park is 0.24x.
| Statistic | Elmwood Park | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $616,473 | $569,411 | $332,700 |
| Median Rent | $2,074 | $1,720 | $1,413 |
| Median Income | $101,740 | $103,556 | $80,734 |
| Home Value To Income | 6.1x | 5.5x | 4.1x |
| Rent To Monthly Income | 0.24x | 0.2x | 0.21x |
Elmwood Park, NJ Costs By Category
Detailed Elmwood Park Services costs vs. New Jersey
| Item | Elmwood Park | New Jersey |
|---|---|---|
| Shampoo | $1.48 | $1.28 |
| Movie | $15.78 | $12.13 |
| Bowling | $21.0 | $18 |
| Haircut | $25.62 | $24.26 |
| Beauty Salon | $41.67 | $45.56 |
Detailed Elmwood Park Groceries costs vs. New Jersey
| Item | Elmwood Park | New Jersey |
|---|---|---|
| Ground Beef | $5.65 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.71 | $4.67 |
| Potatoes | $5.37 | $4.93 |
| Pizza | $11.49 | $12.09 |
| Beer | $11.33 | $10.41 |
| Toothpaste | $3.72 | $3.7 |
Detailed Elmwood Park Health costs vs. New Jersey
| Item | Elmwood Park | New Jersey |
|---|---|---|
| Optometrist | $157.11 | $125.68 |
| Doctor | $115.59 | $135.78 |
| Dentist | $124.27 | $113.29 |
Detailed Elmwood Park Transportation costs vs. New Jersey
| Item | Elmwood Park | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $82.67 | $59.92 |
Detailed Elmwood Park Utilities costs vs. New Jersey
| Item | Elmwood Park | New Jersey |
|---|---|---|
| All Electricity | $236.04 | $193.99 |
| Phone | $186.61 | $192.25 |
Elmwood Park SnackAbility
Cost Of Living In Cities Around Elmwood Park
The cost of living varies in the cities and towns around Elmwood Park. Here's a quick look at the cost of living in the most populous nearby places:
Paterson, NJ has a cost of living index of 121, 0.9x Elmwood Park.
Clifton, NJ has a cost of living index of 132, 1.0x Elmwood Park.
Passaic, NJ has a cost of living index of 130, 0.9x Elmwood Park.
| City | Population | Cost Of Living | Vs. Elmwood Park |
|---|---|---|---|
| Paterson, NJ | 158,735 | 121 | 0.9x |
| Clifton, NJ | 89,379 | 132 | 1.0x |
| Passaic, NJ | 70,002 | 130 | 0.9x |
| Fair Lawn, NJ | 35,610 | 145 | 1.1x |
| Garfield, NJ | 32,783 | 132 | 1.0x |
| Lodi, NJ | 26,082 | 135 | 1.0x |
| Eastchester, NY | 20,491 | 168 | 1.2x |
| Scarsdale, NY | 18,010 | 280 | 2.0x |
| Glen Rock, NJ | 12,154 | 174 | 1.3x |
| Hasbrouck Heights, NJ | 12,115 | 140 | 1.0x |
