What is the cost of living in Oakland, NJ?
According to the most recent data on the cost of living, Oakland has an overall cost of living index of 149, which is 1.5x higher than the national index of 100.
Compared to New Jersey, Oakland has a cost of living index that's 1.2x higher than New Jersey's index of 125.
The standard of living in Oakland ranks as #195 most affordable out of the 262 places we measured in New Jersey. By definition, that implies Oakland ranks as the #67 most expensive place in the Garden State.
For more reading on life in Oakland, check out:
Oakland Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Oakland. Here is how it fares on each of the criteria:
The Services index in Oakland is 108.
The Groceries index in Oakland is 113.
The Health index in Oakland is 232.
The Housing index in Oakland is 119.
The Transportation index in Oakland is 114.
The Utilities index in Oakland is 111.
| Living Expense | Oakland | New Jersey | National Average |
|---|---|---|---|
| Overall | 149 | 125 | 100 |
| Services | 108 | 107 | 100 |
| Groceries | 113 | 113 | 100 |
| Health | 232 | 155 | 100 |
| Housing | 119 | 116 | 100 |
| Transportation | 114 | 112 | 100 |
| Utilities | 111 | 113 | 100 |
Oakland 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 Oakland Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Oakland, 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 Oakland is $750,020.
The Median Rent in Oakland is $1,383.
The Median Income in Oakland is $162,019.
The Home Value To Income in Oakland is 4.6x.
The Rent To Monthly Income in Oakland is 0.1x.
| Statistic | Oakland | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $750,020 | $569,411 | $332,700 |
| Median Rent | $1,383 | $1,720 | $1,413 |
| Median Income | $162,019 | $103,556 | $80,734 |
| Home Value To Income | 4.6x | 5.5x | 4.1x |
| Rent To Monthly Income | 0.1x | 0.2x | 0.21x |
Oakland, NJ Costs By Category
Detailed Oakland Services costs vs. New Jersey
| Item | Oakland | 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 Oakland Groceries costs vs. New Jersey
| Item | Oakland | 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 Oakland Health costs vs. New Jersey
| Item | Oakland | New Jersey |
|---|---|---|
| Optometrist | $105.11 | $125.68 |
| Doctor | $117.94 | $135.78 |
| Dentist | $121.22 | $113.29 |
Detailed Oakland Transportation costs vs. New Jersey
| Item | Oakland | New Jersey |
|---|---|---|
| Gasoline | $3.45 | $3.46 |
| Tire Balancing | $77.33 | $59.92 |
Detailed Oakland Utilities costs vs. New Jersey
| Item | Oakland | New Jersey |
|---|---|---|
| All Electricity | $230.68 | $193.99 |
| Phone | $186.61 | $192.25 |
Oakland SnackAbility
Cost Of Living In Cities Around Oakland
The cost of living varies in the cities and towns around Oakland. Here's a quick look at the cost of living in the most populous nearby places:
Ramsey, NJ has a cost of living index of 163, 1.1x Oakland.
Ringwood, NJ has a cost of living index of 135, 0.9x Oakland.
Dobbs Ferry, NY has a cost of living index of 173, 1.2x Oakland.
| City | Population | Cost Of Living | Vs. Oakland |
|---|---|---|---|
| Ramsey, NJ | 14,805 | 163 | 1.1x |
| Ringwood, NJ | 11,657 | 135 | 0.9x |
| Dobbs Ferry, NY | 11,443 | 173 | 1.2x |
| Wanaque, NJ | 11,206 | 135 | 0.9x |
| Franklin Lakes, NJ | 11,084 | 221 | 1.5x |
| Pompton Lakes, NJ | 11,047 | 129 | 0.9x |
| Lincoln Park, NJ | 10,957 | 133 | 0.9x |
| Hillcrest, NY | 9,071 | 141 | 0.9x |
| North Haledon, NJ | 8,778 | 152 | 1.0x |
| Hastings-on-Hudson, NY | 8,434 | 172 | 1.2x |
