Old Tappan, NJ Cost Of Living
Cost Of Living In Old Tappan, NJ Summary
Cost of living in Old Tappan 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 Old Tappan 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 Old Tappan is 194, with 100 being the average.
The cost of living index in Old Tappan is 1.9x higher than the national average.
Old Tappan ranks as the #251 cheapest in New Jersey out of 260.
Old Tappan ranks as the #6,285 cheapest out of 6,489 in the US.
The median home value in Old Tappan is $1,205,213.
The median income in Old Tappan is $199,250.
Table Of Contents
Old Tappan's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Old Tappan, NJ?
According to the most recent data on the cost of living, Old Tappan has an overall cost of living index of 194, which is 1.9x higher than the national index of 100.
Compared to New Jersey, Old Tappan has a cost of living index that's 1.6x higher than New Jersey's index of 122.
The standard of living in Old Tappan ranks as #251 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Old Tappan ranks as the #9 most expensive place in the Garden State.
For more reading on life in Old Tappan, check out:
In New Jersey
In America
Old Tappan Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Old Tappan. Here is how it fairs on each of the criteria:
The Services index in Old Tappan is 129.
The Groceries index in Old Tappan is 114.
The Health index in Old Tappan is 120.
The Housing index in Old Tappan is 368.
The Transportation index in Old Tappan is 113.
The Utilities index in Old Tappan is 103.
| Living Expense | Old Tappan | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 194 | 122 | 100 | |
| Services | 129 | 108 | 100 | |
| Groceries | 114 | 104 | 100 | |
| Health | 120 | 99 | 100 | |
| Housing | 368 | 159 | 100 | |
| Transportation | 113 | 101 | 100 | |
| Utilities | 103 | 107 | 100 | |
Old Tappan, 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 Old Tappan is $1,205,213.
The Median Rent in Old Tappan is $3,241.
The Median Income in Old Tappan is $199,250.
The Home Value To Income in Old Tappan is 6.0x.
The Rent To Monthly Income in Old Tappan is 0.2x.
| Statistic | Old Tappan | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $1,205,213 | $564,432 | $303,400 |
| Median Rent | $3,241 | $1,653 | $1,348 |
| Median Income | $199,250 | $101,050 | $78,538 |
| Home Value To Income | 6.0x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Old Tappan, NJ Costs By Category
Detailed Old Tappan Services Costs Vs. New Jersey
| Item | Old Tappan | 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 Old Tappan Groceries Costs Vs. New Jersey
| Item | Old Tappan | 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 Old Tappan Health Costs Vs. New Jersey
| Item | Old Tappan | New Jersey |
|---|---|---|
| Optometrist | $128.97 | $125.68 |
| Doctor | $162.24 | $135.78 |
| Dentist | $149.64 | $113.29 |
Detailed Old Tappan Transportation Costs Vs. New Jersey
| Item | Old Tappan | New Jersey |
|---|---|---|
| Gasoline | $3.55 | $3.46 |
| Tire Balancing | $86.43 | $59.92 |
Detailed Old Tappan Utilities Costs Vs. New Jersey
| Item | Old Tappan | New Jersey |
|---|---|---|
| All Electricity | $201.27 | $193.99 |
| Phone | $200.67 | $192.25 |
Old Tappan SnackAbility
/10
Cost Of Living In Cities Around Old Tappan
The cost of living varies in the cities and towns around Old Tappan. 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 167, 0.9x Old Tappan.
Mamaroneck, NY has a cost of living index of 166, 0.9x Old Tappan.
Pearl River, NY has a cost of living index of 148, 0.8x Old Tappan.
| City | Population | Cost Of Living | Vs. Old Tappan |
|---|---|---|---|
| Eastchester, NY | 20,519 | 167 | 0.9x |
| Mamaroneck, NY | 19,840 | 166 | 0.9x |
| Pearl River, NY | 16,282 | 148 | 0.8x |
| Hillsdale, NJ | 10,086 | 160 | 0.8x |
| Park Ridge, NJ | 9,218 | 167 | 0.9x |
| Pleasantville, NY | 7,395 | 176 | 0.9x |
| Briarcliff Manor, NY | 7,333 | 178 | 0.9x |
| Tappan, NY | 6,704 | 161 | 0.8x |
| Larchmont, NY | 6,542 | 231 | 1.2x |
| Irvington, NY | 6,541 | 170 | 0.9x |
