Hackensack, NJ Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Hackensack, NJ Summary

Cost of living in Hackensack 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 Hackensack 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 Hackensack is 134, with 100 being the average.

  • The cost of living index in Hackensack is 1.3x higher than the national average.

  • Hackensack ranks as the #149 cheapest in New Jersey out of 251.

  • Hackensack ranks as the #5,400 cheapest out of 6,412 in the US.

  • The median home value in Hackensack is $302,200.

  • The median income in Hackensack is $73,716.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
134
Hackensack's Overall Cost Of Living
1.3x
Higher Than The National Average

What is the cost of living in Hackensack, NJ?

According to the most recent data on the cost of living, Hackensack has an overall cost of living index of 134, which is 1.3x higher than the national index of 100.

Compared to New Jersey, Hackensack has a cost of living index that's 1.2x higher than New Jersey's index of 111.

The standard of living in Hackensack ranks as #149 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Hackensack ranks as the #102 most expensive place in the Garden State.

For more reading on life in Hackensack, check out:

149 out of 251
In New Jersey
5,400 out of 6,412
In America

Hackensack Cost Of Living Vs. New Jersey

Six factors go into calculating the cost of living index in Hackensack. Here is how it fairs on each of the criteria:

  • The Services index in Hackensack is 133.

  • The Groceries index in Hackensack is 150.

  • The Health index in Hackensack is 108.

  • The Housing index in Hackensack is 153.

  • The Transportation index in Hackensack is 130.

  • The Utilities index in Hackensack is 100.

Living Expense Hackensack New Jersey National Average
Overall 134 111 100
Services 133 104 100
Groceries 150 104 100
Health 108 95 100
Housing 153 130 100
Transportation 130 106 100
Utilities 100 108 100
For more reading on cost of living around New Jersey, check out:
Hackensack Cost of Living Vs. NJ

Hackensack, 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 2017-2021. The key points are:

  • The Median Home Value in Hackensack is $302,200.

  • The Median Rent in Hackensack is $1,576.

  • The Median Income in Hackensack is $73,716.

  • The Home Value To Income in Hackensack is 4.1x.

  • The Rent To Monthly Income in Hackensack is 0.26x.

Statistic Hackensack New Jersey United States
Median Home Value $302,200 $355,700 $244,900
Median Rent $1,576 $1,436 $1,163
Median Income $73,716 $89,703 $69,021
Home Value To Income 4.1x 4.0x 3.5x
Rent To Monthly Income 0.26x 0.19x 0.2x
Search Homes For Sale In Hackensack, NJ
$302,200
Median Home Value
$1,576
Median Rent
$73,716
Median Income

Hackensack, NJ Costs By Category

Detailed Hackensack Services Costs Vs. New Jersey

Item Hackensack New Jersey
Shampoo $1.67 $1.06
Movie $16.31 $10.68
Bowling $20.49 $14.67
Haircut $23.25 $18.62
Beauty Salon $60.79 $39.05

Detailed Hackensack Groceries Costs Vs. New Jersey

Item Hackensack New Jersey
Ground Beef $6.4 $4.22
Fried Chicken $2.65 $1.39
Milk $3.11 $2.05
Potatoes $4.16 $3.29
Pizza $12.33 $10.62
Beer $12.01 $9.38
Toothpaste $4.42 $2.34

Detailed Hackensack Health Costs Vs. New Jersey

Item Hackensack New Jersey
Optometrist $108.08 $108.57
Doctor $106.72 $116.17
Dentist $124.43 $99.13

Detailed Hackensack Transportation Costs Vs. New Jersey

Item Hackensack New Jersey
Gasoline $2.62 $2.22
Tire Balancing $80.22 $50.07

Detailed Hackensack Utilities Costs Vs. New Jersey

Item Hackensack New Jersey
All Electricity $157.7 $167.67
Phone $189.52 $175.64

Hackensack SnackAbility

8
/10
Overall SnackAbility
Jobs
8/10
Housing
9
Affordability
4
Diversity
10
Safety
8
Amenities
10
Education
8
Commute
4

Cost Of Living In Cities Around Hackensack

The cost of living varies in the cities and towns around Hackensack. Here's a quick look at the cost of living in the most populous nearby places:

  • Garfield, NJ has a cost of living index of 128, 1.0x Hackensack.

  • Bergenfield, NJ has a cost of living index of 141, 1.1x Hackensack.

  • Lodi, NJ has a cost of living index of 127, 0.9x Hackensack.

City Population Cost Of Living Vs. Hackensack
Garfield, NJ 32,481 128 1.0x
Bergenfield, NJ 28,282 141 1.1x
Lodi, NJ 25,983 127 0.9x
Eastchester, NY 20,636 163 1.2x
Mamaroneck, NY 19,989 165 1.2x
Scarsdale, NY 18,063 265 2.0x
Port Washington, NY 16,807 185 1.4x
Ridgefield Park, NJ 13,202 141 1.1x
Hasbrouck Heights, NJ 12,120 134 1.0x
River Edge, NJ 12,024 155 1.2x

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