Fort Lee, NJ Cost Of Living
Cost Of Living In Fort Lee, NJ Summary
Cost of living in Fort Lee 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 Fort Lee 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 Fort Lee is 141, with 100 being the average.
The cost of living index in Fort Lee is 1.4x higher than the national average.
Fort Lee ranks as the #177 cheapest in New Jersey out of 260.
Fort Lee ranks as the #5,438 cheapest out of 6,489 in the US.
The median home value in Fort Lee is $577,453.
The median income in Fort Lee is $105,535.
Table Of Contents
Fort Lee's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Fort Lee, NJ?
According to the most recent data on the cost of living, Fort Lee has an overall cost of living index of 141, which is 1.4x higher than the national index of 100.
Compared to New Jersey, Fort Lee has a cost of living index that's 1.2x higher than New Jersey's index of 122.
The standard of living in Fort Lee ranks as #177 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Fort Lee ranks as the #83 most expensive place in the Garden State.
For more reading on life in Fort Lee, check out:
In New Jersey
In America
Fort Lee Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Fort Lee. Here is how it fairs on each of the criteria:
The Services index in Fort Lee is 128.
The Groceries index in Fort Lee is 113.
The Health index in Fort Lee is 122.
The Housing index in Fort Lee is 190.
The Transportation index in Fort Lee is 116.
The Utilities index in Fort Lee is 103.
| Living Expense | Fort Lee | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 141 | 122 | 100 | |
| Services | 128 | 108 | 100 | |
| Groceries | 113 | 104 | 100 | |
| Health | 122 | 99 | 100 | |
| Housing | 190 | 159 | 100 | |
| Transportation | 116 | 101 | 100 | |
| Utilities | 103 | 107 | 100 | |
Fort Lee, 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 Fort Lee is $577,453.
The Median Rent in Fort Lee is $2,255.
The Median Income in Fort Lee is $105,535.
The Home Value To Income in Fort Lee is 5.5x.
The Rent To Monthly Income in Fort Lee is 0.26x.
| Statistic | Fort Lee | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $577,453 | $564,432 | $303,400 |
| Median Rent | $2,255 | $1,653 | $1,348 |
| Median Income | $105,535 | $101,050 | $78,538 |
| Home Value To Income | 5.5x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.26x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Fort Lee, NJ Costs By Category
Detailed Fort Lee Services Costs Vs. New Jersey
| Item | Fort Lee | 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 Fort Lee Groceries Costs Vs. New Jersey
| Item | Fort Lee | 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 Fort Lee Health Costs Vs. New Jersey
| Item | Fort Lee | New Jersey |
|---|---|---|
| Optometrist | $128.97 | $125.68 |
| Doctor | $162.24 | $135.78 |
| Dentist | $149.64 | $113.29 |
Detailed Fort Lee Transportation Costs Vs. New Jersey
| Item | Fort Lee | New Jersey |
|---|---|---|
| Gasoline | $3.55 | $3.46 |
| Tire Balancing | $86.43 | $59.92 |
Detailed Fort Lee Utilities Costs Vs. New Jersey
| Item | Fort Lee | New Jersey |
|---|---|---|
| All Electricity | $201.27 | $193.99 |
| Phone | $200.67 | $192.25 |
Fort Lee SnackAbility
/10
Cost Of Living In Cities Around Fort Lee
The cost of living varies in the cities and towns around Fort Lee. 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, 1.0x Fort Lee.
Cliffside Park, NJ has a cost of living index of 149, 1.1x Fort Lee.
Palisades Park, NJ has a cost of living index of 163, 1.2x Fort Lee.
| City | Population | Cost Of Living | Vs. Fort Lee |
|---|---|---|---|
| Englewood, NJ | 29,342 | 144 | 1.0x |
| Cliffside Park, NJ | 25,580 | 149 | 1.1x |
| Palisades Park, NJ | 20,192 | 163 | 1.2x |
| Woodmere, NY | 18,198 | 194 | 1.4x |
| Port Washington, NY | 17,613 | 194 | 1.4x |
| Fairview, NJ | 14,920 | 156 | 1.1x |
| Edgewater, NJ | 14,544 | 177 | 1.3x |
| North New Hyde Park, NY | 14,354 | 178 | 1.3x |
| Ridgefield Park, NJ | 13,167 | 140 | 1.0x |
| Ridgefield, NJ | 11,439 | 153 | 1.1x |
