Kinnelon, NJ Cost Of Living
Cost Of Living In Kinnelon, NJ Summary
Cost of living in Kinnelon 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 Kinnelon 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 Kinnelon is 160, with 100 being the average.
The cost of living index in Kinnelon is 1.6x higher than the national average.
Kinnelon ranks as the #220 cheapest in New Jersey out of 260.
Kinnelon ranks as the #5,900 cheapest out of 6,489 in the US.
The median home value in Kinnelon is $837,954.
The median income in Kinnelon is $178,102.
Table Of Contents
Kinnelon's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Kinnelon, NJ?
According to the most recent data on the cost of living, Kinnelon has an overall cost of living index of 160, which is 1.6x higher than the national index of 100.
Compared to New Jersey, Kinnelon has a cost of living index that's 1.3x higher than New Jersey's index of 122.
The standard of living in Kinnelon ranks as #220 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Kinnelon ranks as the #40 most expensive place in the Garden State.
For more reading on life in Kinnelon, check out:
In New Jersey
In America
Kinnelon Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Kinnelon. Here is how it fairs on each of the criteria:
The Services index in Kinnelon is 99.
The Groceries index in Kinnelon is 101.
The Health index in Kinnelon is 101.
The Housing index in Kinnelon is 292.
The Transportation index in Kinnelon is 96.
The Utilities index in Kinnelon is 103.
| Living Expense | Kinnelon | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 160 | 122 | 100 | |
| Services | 99 | 108 | 100 | |
| Groceries | 101 | 104 | 100 | |
| Health | 101 | 99 | 100 | |
| Housing | 292 | 159 | 100 | |
| Transportation | 96 | 101 | 100 | |
| Utilities | 103 | 107 | 100 | |
Kinnelon, 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 Kinnelon is $837,954.
The Median Rent in Kinnelon is $2,307.
The Median Income in Kinnelon is $178,102.
The Home Value To Income in Kinnelon is 4.7x.
The Rent To Monthly Income in Kinnelon is 0.16x.
| Statistic | Kinnelon | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $837,954 | $564,432 | $303,400 |
| Median Rent | $2,307 | $1,653 | $1,348 |
| Median Income | $178,102 | $101,050 | $78,538 |
| Home Value To Income | 4.7x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.16x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Kinnelon, NJ Costs By Category
Detailed Kinnelon Services Costs Vs. New Jersey
| Item | Kinnelon | New Jersey |
|---|---|---|
| Shampoo | $1.44 | $1.28 |
| Movie | $14.15 | $12.13 |
| Bowling | $25.03 | $18 |
| Haircut | $29.17 | $24.26 |
| Beauty Salon | $40.36 | $45.56 |
Detailed Kinnelon Groceries Costs Vs. New Jersey
| Item | Kinnelon | New Jersey |
|---|---|---|
| Ground Beef | $5.64 | $5.84 |
| Fried Chicken | $1.55 | $1.57 |
| Milk | $4.74 | $4.67 |
| Potatoes | $5.21 | $4.93 |
| Pizza | $11.49 | $12.09 |
| Beer | $11.66 | $10.41 |
| Toothpaste | $3.66 | $3.7 |
Detailed Kinnelon Health Costs Vs. New Jersey
| Item | Kinnelon | New Jersey |
|---|---|---|
| Optometrist | $105.11 | $125.68 |
| Doctor | $117.94 | $135.78 |
| Dentist | $121.22 | $113.29 |
Detailed Kinnelon Transportation Costs Vs. New Jersey
| Item | Kinnelon | New Jersey |
|---|---|---|
| Gasoline | $3.45 | $3.46 |
| Tire Balancing | $77.33 | $59.92 |
Detailed Kinnelon Utilities Costs Vs. New Jersey
| Item | Kinnelon | New Jersey |
|---|---|---|
| All Electricity | $230.68 | $193.99 |
| Phone | $186.61 | $192.25 |
Kinnelon SnackAbility
/10
Cost Of Living In Cities Around Kinnelon
The cost of living varies in the cities and towns around Kinnelon. Here's a quick look at the cost of living in the most populous nearby places:
Florham Park, NJ has a cost of living index of 165, 1.0x Kinnelon.
Oakland, NJ has a cost of living index of 139, 0.9x Kinnelon.
Glen Rock, NJ has a cost of living index of 165, 1.0x Kinnelon.
| City | Population | Cost Of Living | Vs. Kinnelon |
|---|---|---|---|
| Florham Park, NJ | 13,134 | 165 | 1.0x |
| Oakland, NJ | 12,700 | 139 | 0.9x |
| Glen Rock, NJ | 12,082 | 165 | 1.0x |
| Hasbrouck Heights, NJ | 12,067 | 138 | 0.9x |
| Suffern, NY | 11,395 | 125 | 0.8x |
| Wanaque, NJ | 11,162 | 121 | 0.8x |
| Pompton Lakes, NJ | 11,010 | 122 | 0.8x |
| Lincoln Park, NJ | 10,901 | 124 | 0.8x |
| Chestnut Ridge, NY | 10,464 | 149 | 0.9x |
| Airmont, NY | 10,082 | 150 | 0.9x |
