Kinnelon, NJ Cost Of Living

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

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 152, with 100 being the average.

  • The cost of living index in Kinnelon is 1.5x higher than the national average.

  • Kinnelon ranks as the #202 cheapest in New Jersey out of 251.

  • Kinnelon ranks as the #5,876 cheapest out of 6,412 in the US.

  • The median home value in Kinnelon is $617,200.

  • The median income in Kinnelon is $163,611.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
152
Kinnelon's Overall Cost Of Living
1.5x
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 152, which is 1.5x higher than the national index of 100.

Compared to New Jersey, Kinnelon has a cost of living index that's 1.4x higher than New Jersey's index of 111.

The standard of living in Kinnelon ranks as #202 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Kinnelon ranks as the #49 most expensive place in the Garden State.

For more reading on life in Kinnelon, check out:

202 out of 251
In New Jersey
5,876 out of 6,412
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 103.

  • The Groceries index in Kinnelon is 115.

  • The Health index in Kinnelon is 102.

  • The Housing index in Kinnelon is 258.

  • The Transportation index in Kinnelon is 110.

  • The Utilities index in Kinnelon is 95.

Living Expense Kinnelon New Jersey National Average
Overall 152 111 100
Services 103 104 100
Groceries 115 104 100
Health 102 95 100
Housing 258 130 100
Transportation 110 106 100
Utilities 95 108 100
For more reading on cost of living around New Jersey, check out:
Kinnelon Cost of Living Vs. NJ

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 2017-2021. The key points are:

  • The Median Home Value in Kinnelon is $617,200.

  • The Median Rent in Kinnelon is $2,141.

  • The Median Income in Kinnelon is $163,611.

  • The Home Value To Income in Kinnelon is 3.8x.

  • The Rent To Monthly Income in Kinnelon is 0.16x.

Statistic Kinnelon New Jersey United States
Median Home Value $617,200 $355,700 $244,900
Median Rent $2,141 $1,436 $1,163
Median Income $163,611 $89,703 $69,021
Home Value To Income 3.8x 4.0x 3.5x
Rent To Monthly Income 0.16x 0.19x 0.2x
Search Homes For Sale In Kinnelon, NJ
$617,200
Median Home Value
$2,141
Median Rent
$163,611
Median Income

Kinnelon, NJ Costs By Category

Detailed Kinnelon Services Costs Vs. New Jersey

Item Kinnelon New Jersey
Shampoo $1.09 $1.06
Movie $12.38 $10.68
Bowling $20.56 $14.67
Haircut $20.96 $18.62
Beauty Salon $45.37 $39.05

Detailed Kinnelon Groceries Costs Vs. New Jersey

Item Kinnelon New Jersey
Ground Beef $4.21 $4.22
Fried Chicken $1.94 $1.39
Milk $2.37 $2.05
Potatoes $3.52 $3.29
Pizza $11.27 $10.62
Beer $8.27 $9.38
Toothpaste $2.06 $2.34

Detailed Kinnelon Health Costs Vs. New Jersey

Item Kinnelon New Jersey
Optometrist $92.33 $108.57
Doctor $99.57 $116.17
Dentist $116.16 $99.13

Detailed Kinnelon Transportation Costs Vs. New Jersey

Item Kinnelon New Jersey
Gasoline $2.45 $2.22
Tire Balancing $53.07 $50.07

Detailed Kinnelon Utilities Costs Vs. New Jersey

Item Kinnelon New Jersey
All Electricity $147.86 $167.67
Phone $179.87 $175.64

Kinnelon SnackAbility

9
/10
Overall SnackAbility
Jobs
8/10
Housing
10
Affordability
7
Diversity
7
Safety
9
Amenities
7
Education
10
Commute
3

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:

  • Oakland, NJ has a cost of living index of 138, 0.9x Kinnelon.

  • Florham Park, NJ has a cost of living index of 165, 1.1x Kinnelon.

  • Hasbrouck Heights, NJ has a cost of living index of 134, 0.9x Kinnelon.

City Population Cost Of Living Vs. Kinnelon
Oakland, NJ 12,773 138 0.9x
Florham Park, NJ 12,655 165 1.1x
Hasbrouck Heights, NJ 12,120 134 0.9x
Glen Rock, NJ 12,098 163 1.1x
Suffern, NY 11,376 127 0.8x
Wanaque, NJ 11,285 122 0.8x
Pompton Lakes, NJ 11,113 121 0.8x
Lincoln Park, NJ 10,877 124 0.8x
Chestnut Ridge, NY 10,211 140 0.9x
Airmont, NY 9,964 141 0.9x

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