Jersey City, NJ Cost Of Living
Cost Of Living In Jersey City, NJ Summary
Cost of living in Jersey City 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 Jersey City 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 Jersey City is 143, with 100 being the average.
The cost of living index in Jersey City is 1.4x higher than the national average.
Jersey City ranks as the #185 cheapest in New Jersey out of 260.
Jersey City ranks as the #5,499 cheapest out of 6,489 in the US.
The median home value in Jersey City is $646,545.
The median income in Jersey City is $94,813.
Table Of Contents
Jersey City's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Jersey City, NJ?
According to the most recent data on the cost of living, Jersey City has an overall cost of living index of 143, which is 1.4x higher than the national index of 100.
Compared to New Jersey, Jersey City has a cost of living index that's 1.2x higher than New Jersey's index of 122.
The standard of living in Jersey City ranks as #185 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Jersey City ranks as the #75 most expensive place in the Garden State.
For more reading on life in Jersey City, check out:
In New Jersey
In America
Jersey City Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Jersey City. Here is how it fairs on each of the criteria:
The Services index in Jersey City is 128.
The Groceries index in Jersey City is 115.
The Health index in Jersey City is 123.
The Housing index in Jersey City is 200.
The Transportation index in Jersey City is 114.
The Utilities index in Jersey City is 100.
| Living Expense | Jersey City | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 143 | 122 | 100 | |
| Services | 128 | 108 | 100 | |
| Groceries | 115 | 104 | 100 | |
| Health | 123 | 99 | 100 | |
| Housing | 200 | 159 | 100 | |
| Transportation | 114 | 101 | 100 | |
| Utilities | 100 | 107 | 100 | |
Jersey City, 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 Jersey City is $646,545.
The Median Rent in Jersey City is $1,902.
The Median Income in Jersey City is $94,813.
The Home Value To Income in Jersey City is 6.8x.
The Rent To Monthly Income in Jersey City is 0.24x.
| Statistic | Jersey City | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $646,545 | $564,432 | $303,400 |
| Median Rent | $1,902 | $1,653 | $1,348 |
| Median Income | $94,813 | $101,050 | $78,538 |
| Home Value To Income | 6.8x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.24x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Jersey City, NJ Costs By Category
Detailed Jersey City Services Costs Vs. New Jersey
| Item | Jersey City | 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 Jersey City Groceries Costs Vs. New Jersey
| Item | Jersey City | 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 Jersey City Health Costs Vs. New Jersey
| Item | Jersey City | New Jersey |
|---|---|---|
| Optometrist | $128.97 | $125.68 |
| Doctor | $162.24 | $135.78 |
| Dentist | $149.64 | $113.29 |
Detailed Jersey City Transportation Costs Vs. New Jersey
| Item | Jersey City | New Jersey |
|---|---|---|
| Gasoline | $3.55 | $3.46 |
| Tire Balancing | $86.43 | $59.92 |
Detailed Jersey City Utilities Costs Vs. New Jersey
| Item | Jersey City | New Jersey |
|---|---|---|
| All Electricity | $201.27 | $193.99 |
| Phone | $200.67 | $192.25 |
Jersey City SnackAbility
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