What is the cost of living in Hoboken, NJ?
According to the most recent data on the cost of living, Hoboken has an overall cost of living index of 191, which is 1.9x higher than the national index of 100.
Compared to New Jersey, Hoboken has a cost of living index that's 1.5x higher than New Jersey's index of 125.
The standard of living in Hoboken ranks as #252 most affordable out of the 262 places we measured in New Jersey. By definition, that implies Hoboken ranks as the #10 most expensive place in the Garden State.
For more reading on life in Hoboken, check out:
Hoboken Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Hoboken. Here is how it fares on each of the criteria:
The Services index in Hoboken is 109.
The Groceries index in Hoboken is 115.
The Health index in Hoboken is 368.
The Housing index in Hoboken is 118.
The Transportation index in Hoboken is 109.
The Utilities index in Hoboken is 116.
| Living Expense | Hoboken | New Jersey | National Average |
|---|---|---|---|
| Overall | 191 | 125 | 100 |
| Services | 109 | 107 | 100 |
| Groceries | 115 | 113 | 100 |
| Health | 368 | 155 | 100 |
| Housing | 118 | 116 | 100 |
| Transportation | 109 | 112 | 100 |
| Utilities | 116 | 113 | 100 |
Hoboken 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 Hoboken Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Hoboken, 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 Hoboken is $855,399.
The Median Rent in Hoboken is $2,938.
The Median Income in Hoboken is $180,579.
The Home Value To Income in Hoboken is 4.7x.
The Rent To Monthly Income in Hoboken is 0.2x.
| Statistic | Hoboken | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $855,399 | $569,411 | $332,700 |
| Median Rent | $2,938 | $1,720 | $1,413 |
| Median Income | $180,579 | $103,556 | $80,734 |
| Home Value To Income | 4.7x | 5.5x | 4.1x |
| Rent To Monthly Income | 0.2x | 0.2x | 0.21x |
Hoboken, NJ Costs By Category
Detailed Hoboken Services costs vs. New Jersey
| Item | Hoboken | 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 Hoboken Groceries costs vs. New Jersey
| Item | Hoboken | 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 Hoboken Health costs vs. New Jersey
| Item | Hoboken | New Jersey |
|---|---|---|
| Optometrist | $128.97 | $125.68 |
| Doctor | $162.24 | $135.78 |
| Dentist | $149.64 | $113.29 |
Detailed Hoboken Transportation costs vs. New Jersey
| Item | Hoboken | New Jersey |
|---|---|---|
| Gasoline | $3.55 | $3.46 |
| Tire Balancing | $86.43 | $59.92 |
Detailed Hoboken Utilities costs vs. New Jersey
| Item | Hoboken | New Jersey |
|---|---|---|
| All Electricity | $201.27 | $193.99 |
| Phone | $200.67 | $192.25 |
Hoboken SnackAbility
Cost Of Living In Cities Around Hoboken
The cost of living varies in the cities and towns around Hoboken. 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 130, 0.7x Hoboken.
Kearny, NJ has a cost of living index of 131, 0.7x Hoboken.
Cliffside Park, NJ has a cost of living index of 145, 0.8x Hoboken.
| City | Population | Cost Of Living | Vs. Hoboken |
|---|---|---|---|
| West New York, NJ | 52,004 | 130 | 0.7x |
| Kearny, NJ | 40,614 | 131 | 0.7x |
| Cliffside Park, NJ | 25,781 | 145 | 0.8x |
| Secaucus, NJ | 21,778 | 154 | 0.8x |
| Woodmere, NY | 18,061 | 186 | 1.0x |
| Port Washington, NY | 18,004 | 196 | 1.0x |
| Fairview, NJ | 15,099 | 151 | 0.8x |
| North New Hyde Park, NY | 14,159 | 169 | 0.9x |
| Guttenberg, NJ | 11,754 | 129 | 0.7x |
| Ridgefield, NJ | 11,498 | 149 | 0.8x |
