Lincoln Park, NJ Cost Of Living
Cost Of Living In Lincoln Park, NJ Summary
Cost of living in Lincoln Park 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 Lincoln Park 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 Lincoln Park is 124, with 100 being the average.
The cost of living index in Lincoln Park is 1.2x higher than the national average.
Lincoln Park ranks as the #105 cheapest in New Jersey out of 260.
Lincoln Park ranks as the #4,654 cheapest out of 6,489 in the US.
The median home value in Lincoln Park is $533,006.
The median income in Lincoln Park is $119,000.
Table Of Contents
Lincoln Park's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lincoln Park, NJ?
According to the most recent data on the cost of living, Lincoln Park has an overall cost of living index of 124, which is 1.2x higher than the national index of 100.
Compared to New Jersey, Lincoln Park has a cost of living index that's 1.0x higher than New Jersey's index of 122.
The standard of living in Lincoln Park ranks as #105 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Lincoln Park ranks as the #155 most expensive place in the Garden State.
For more reading on life in Lincoln Park, check out:
In New Jersey
In America
Lincoln Park Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Lincoln Park. Here is how it fairs on each of the criteria:
The Services index in Lincoln Park is 99.
The Groceries index in Lincoln Park is 104.
The Health index in Lincoln Park is 100.
The Housing index in Lincoln Park is 182.
The Transportation index in Lincoln Park is 93.
The Utilities index in Lincoln Park is 103.
| Living Expense | Lincoln Park | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 124 | 122 | 100 | |
| Services | 99 | 108 | 100 | |
| Groceries | 104 | 104 | 100 | |
| Health | 100 | 99 | 100 | |
| Housing | 182 | 159 | 100 | |
| Transportation | 93 | 101 | 100 | |
| Utilities | 103 | 107 | 100 | |
Lincoln Park, 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 Lincoln Park is $533,006.
The Median Rent in Lincoln Park is $1,824.
The Median Income in Lincoln Park is $119,000.
The Home Value To Income in Lincoln Park is 4.5x.
The Rent To Monthly Income in Lincoln Park is 0.18x.
| Statistic | Lincoln Park | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $533,006 | $564,432 | $303,400 |
| Median Rent | $1,824 | $1,653 | $1,348 |
| Median Income | $119,000 | $101,050 | $78,538 |
| Home Value To Income | 4.5x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.18x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Lincoln Park, NJ Costs By Category
Detailed Lincoln Park Services Costs Vs. New Jersey
| Item | Lincoln Park | 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 Lincoln Park Groceries Costs Vs. New Jersey
| Item | Lincoln Park | 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 Lincoln Park Health Costs Vs. New Jersey
| Item | Lincoln Park | New Jersey |
|---|---|---|
| Optometrist | $105.11 | $125.68 |
| Doctor | $117.94 | $135.78 |
| Dentist | $121.22 | $113.29 |
Detailed Lincoln Park Transportation Costs Vs. New Jersey
| Item | Lincoln Park | New Jersey |
|---|---|---|
| Gasoline | $3.45 | $3.46 |
| Tire Balancing | $77.33 | $59.92 |
Detailed Lincoln Park Utilities Costs Vs. New Jersey
| Item | Lincoln Park | New Jersey |
|---|---|---|
| All Electricity | $230.68 | $193.99 |
| Phone | $186.61 | $192.25 |
Lincoln Park SnackAbility
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Cost Of Living In Cities Around Lincoln Park
The cost of living varies in the cities and towns around Lincoln Park. Here's a quick look at the cost of living in the most populous nearby places:
Nanuet, NY has a cost of living index of 145, 1.2x Lincoln Park.
Pearl River, NY has a cost of living index of 148, 1.2x Lincoln Park.
Florham Park, NJ has a cost of living index of 165, 1.3x Lincoln Park.
| City | Population | Cost Of Living | Vs. Lincoln Park |
|---|---|---|---|
| Nanuet, NY | 20,089 | 145 | 1.2x |
| Pearl River, NY | 16,282 | 148 | 1.2x |
| Florham Park, NJ | 13,134 | 165 | 1.3x |
| Suffern, NY | 11,395 | 125 | 1.0x |
| Pompton Lakes, NJ | 11,010 | 122 | 1.0x |
| Totowa, NJ | 10,919 | 130 | 1.0x |
| Chestnut Ridge, NY | 10,464 | 149 | 1.2x |
| Airmont, NY | 10,082 | 150 | 1.2x |
| Kinnelon, NJ | 9,971 | 160 | 1.3x |
| Succasunna, NJ | 9,866 | 134 | 1.1x |
