Hillsdale, NJ Cost Of Living
Cost Of Living In Hillsdale, NJ Summary
Cost of living in Hillsdale 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 Hillsdale 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 Hillsdale is 160, with 100 being the average.
The cost of living index in Hillsdale is 1.6x higher than the national average.
Hillsdale ranks as the #220 cheapest in New Jersey out of 260.
Hillsdale ranks as the #5,900 cheapest out of 6,489 in the US.
The median home value in Hillsdale is $828,655.
The median income in Hillsdale is $169,862.
Table Of Contents
Hillsdale's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Hillsdale, NJ?
According to the most recent data on the cost of living, Hillsdale has an overall cost of living index of 160, which is 1.6x higher than the national index of 100.
Compared to New Jersey, Hillsdale has a cost of living index that's 1.3x higher than New Jersey's index of 122.
The standard of living in Hillsdale ranks as #220 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Hillsdale ranks as the #40 most expensive place in the Garden State.
For more reading on life in Hillsdale, check out:
In New Jersey
In America
Hillsdale Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Hillsdale. Here is how it fairs on each of the criteria:
The Services index in Hillsdale is 126.
The Groceries index in Hillsdale is 112.
The Health index in Hillsdale is 121.
The Housing index in Hillsdale is 259.
The Transportation index in Hillsdale is 115.
The Utilities index in Hillsdale is 104.
| Living Expense | Hillsdale | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 160 | 122 | 100 | |
| Services | 126 | 108 | 100 | |
| Groceries | 112 | 104 | 100 | |
| Health | 121 | 99 | 100 | |
| Housing | 259 | 159 | 100 | |
| Transportation | 115 | 101 | 100 | |
| Utilities | 104 | 107 | 100 | |
Hillsdale, 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 Hillsdale is $828,655.
The Median Rent in Hillsdale is $1,720.
The Median Income in Hillsdale is $169,862.
The Home Value To Income in Hillsdale is 4.9x.
The Rent To Monthly Income in Hillsdale is 0.12x.
| Statistic | Hillsdale | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $828,655 | $564,432 | $303,400 |
| Median Rent | $1,720 | $1,653 | $1,348 |
| Median Income | $169,862 | $101,050 | $78,538 |
| Home Value To Income | 4.9x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.12x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Hillsdale, NJ Costs By Category
Detailed Hillsdale Services Costs Vs. New Jersey
| Item | Hillsdale | 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 Hillsdale Groceries Costs Vs. New Jersey
| Item | Hillsdale | 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 Hillsdale Health Costs Vs. New Jersey
| Item | Hillsdale | New Jersey |
|---|---|---|
| Optometrist | $128.97 | $125.68 |
| Doctor | $162.24 | $135.78 |
| Dentist | $149.64 | $113.29 |
Detailed Hillsdale Transportation Costs Vs. New Jersey
| Item | Hillsdale | New Jersey |
|---|---|---|
| Gasoline | $3.55 | $3.46 |
| Tire Balancing | $86.43 | $59.92 |
Detailed Hillsdale Utilities Costs Vs. New Jersey
| Item | Hillsdale | New Jersey |
|---|---|---|
| All Electricity | $201.27 | $193.99 |
| Phone | $200.67 | $192.25 |
Hillsdale SnackAbility
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Cost Of Living In Cities Around Hillsdale
The cost of living varies in the cities and towns around Hillsdale. Here's a quick look at the cost of living in the most populous nearby places:
Eastchester, NY has a cost of living index of 167, 1.0x Hillsdale.
Mamaroneck, NY has a cost of living index of 166, 1.0x Hillsdale.
Westwood, NJ has a cost of living index of 155, 1.0x Hillsdale.
| City | Population | Cost Of Living | Vs. Hillsdale |
|---|---|---|---|
| Eastchester, NY | 20,519 | 167 | 1.0x |
| Mamaroneck, NY | 19,840 | 166 | 1.0x |
| Westwood, NJ | 11,221 | 155 | 1.0x |
| Park Ridge, NJ | 9,218 | 167 | 1.0x |
| Montvale, NJ | 8,625 | 171 | 1.1x |
| Oradell, NJ | 8,197 | 172 | 1.1x |
| Pleasantville, NY | 7,395 | 176 | 1.1x |
| Briarcliff Manor, NY | 7,333 | 178 | 1.1x |
| Emerson, NJ | 7,263 | 163 | 1.0x |
| Tappan, NY | 6,704 | 161 | 1.0x |
