What is the cost of living in Montvale, NJ?
According to the most recent data on the cost of living, Montvale has an overall cost of living index of 164, which is 1.6x higher than the national index of 100.
Compared to New Jersey, Montvale has a cost of living index that's 1.3x higher than New Jersey's index of 125.
The standard of living in Montvale ranks as #224 most affordable out of the 262 places we measured in New Jersey. By definition, that implies Montvale ranks as the #38 most expensive place in the Garden State.
For more reading on life in Montvale, check out:
Montvale Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Montvale. Here is how it fares on each of the criteria:
The Services index in Montvale is 110.
The Groceries index in Montvale is 113.
The Health index in Montvale is 293.
The Housing index in Montvale is 109.
The Transportation index in Montvale is 110.
The Utilities index in Montvale is 105.
| Living Expense | Montvale | New Jersey | National Average |
|---|---|---|---|
| Overall | 164 | 125 | 100 |
| Services | 110 | 107 | 100 |
| Groceries | 113 | 113 | 100 |
| Health | 293 | 155 | 100 |
| Housing | 109 | 116 | 100 |
| Transportation | 110 | 112 | 100 |
| Utilities | 105 | 113 | 100 |
Montvale 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 Montvale Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Montvale, 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 Montvale is $920,950.
The Median Rent in Montvale is $2,053.
The Median Income in Montvale is $178,269.
The Home Value To Income in Montvale is 5.2x.
The Rent To Monthly Income in Montvale is 0.14x.
| Statistic | Montvale | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $920,950 | $569,411 | $332,700 |
| Median Rent | $2,053 | $1,720 | $1,413 |
| Median Income | $178,269 | $103,556 | $80,734 |
| Home Value To Income | 5.2x | 5.5x | 4.1x |
| Rent To Monthly Income | 0.14x | 0.2x | 0.21x |
Montvale, NJ Costs By Category
Detailed Montvale Services costs vs. New Jersey
| Item | Montvale | 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 Montvale Groceries costs vs. New Jersey
| Item | Montvale | 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 Montvale Health costs vs. New Jersey
| Item | Montvale | New Jersey |
|---|---|---|
| Optometrist | $128.97 | $125.68 |
| Doctor | $162.24 | $135.78 |
| Dentist | $149.64 | $113.29 |
Detailed Montvale Transportation costs vs. New Jersey
| Item | Montvale | New Jersey |
|---|---|---|
| Gasoline | $3.55 | $3.46 |
| Tire Balancing | $86.43 | $59.92 |
Detailed Montvale Utilities costs vs. New Jersey
| Item | Montvale | New Jersey |
|---|---|---|
| All Electricity | $201.27 | $193.99 |
| Phone | $200.67 | $192.25 |
Montvale SnackAbility
Cost Of Living In Cities Around Montvale
The cost of living varies in the cities and towns around Montvale. Here's a quick look at the cost of living in the most populous nearby places:
Eastchester, NY has a cost of living index of 168, 1.0x Montvale.
Mamaroneck, NY has a cost of living index of 165, 1.0x Montvale.
Nanuet, NY has a cost of living index of 143, 0.9x Montvale.
| City | Population | Cost Of Living | Vs. Montvale |
|---|---|---|---|
| Eastchester, NY | 20,491 | 168 | 1.0x |
| Mamaroneck, NY | 19,826 | 165 | 1.0x |
| Nanuet, NY | 19,799 | 143 | 0.9x |
| Pearl River, NY | 16,155 | 146 | 0.9x |
| Chestnut Ridge, NY | 10,557 | 153 | 0.9x |
| Airmont, NY | 10,205 | 158 | 1.0x |
| Hillsdale, NJ | 10,144 | 155 | 0.9x |
| Park Ridge, NJ | 9,406 | 163 | 1.0x |
| Upper Saddle River, NJ | 8,439 | 213 | 1.3x |
| Briarcliff Manor, NY | 7,519 | 178 | 1.1x |
