Pompton Lakes, NJ Cost Of Living
Cost Of Living In Pompton Lakes, NJ Summary
Cost of living in Pompton Lakes 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 Pompton Lakes 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 Pompton Lakes is 122, with 100 being the average.
The cost of living index in Pompton Lakes is 1.2x higher than the national average.
Pompton Lakes ranks as the #99 cheapest in New Jersey out of 260.
Pompton Lakes ranks as the #4,541 cheapest out of 6,489 in the US.
The median home value in Pompton Lakes is $543,887.
The median income in Pompton Lakes is $119,038.
Table Of Contents
Pompton Lakes's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Pompton Lakes, NJ?
According to the most recent data on the cost of living, Pompton Lakes has an overall cost of living index of 122, which is 1.2x higher than the national index of 100.
Compared to New Jersey, Pompton Lakes has a cost of living index that's 1.0x lower than New Jersey's index of 122.
The standard of living in Pompton Lakes ranks as #99 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Pompton Lakes ranks as the #161 most expensive place in the Garden State.
For more reading on life in Pompton Lakes, check out:
In New Jersey
In America
Pompton Lakes Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Pompton Lakes. Here is how it fairs on each of the criteria:
The Services index in Pompton Lakes is 100.
The Groceries index in Pompton Lakes is 103.
The Health index in Pompton Lakes is 101.
The Housing index in Pompton Lakes is 169.
The Transportation index in Pompton Lakes is 96.
The Utilities index in Pompton Lakes is 104.
| Living Expense | Pompton Lakes | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 122 | 122 | 100 | |
| Services | 100 | 108 | 100 | |
| Groceries | 103 | 104 | 100 | |
| Health | 101 | 99 | 100 | |
| Housing | 169 | 159 | 100 | |
| Transportation | 96 | 101 | 100 | |
| Utilities | 104 | 107 | 100 | |
Pompton Lakes, 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 Pompton Lakes is $543,887.
The Median Rent in Pompton Lakes is $1,822.
The Median Income in Pompton Lakes is $119,038.
The Home Value To Income in Pompton Lakes is 4.6x.
The Rent To Monthly Income in Pompton Lakes is 0.18x.
| Statistic | Pompton Lakes | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $543,887 | $564,432 | $303,400 |
| Median Rent | $1,822 | $1,653 | $1,348 |
| Median Income | $119,038 | $101,050 | $78,538 |
| Home Value To Income | 4.6x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.18x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Pompton Lakes, NJ Costs By Category
Detailed Pompton Lakes Services Costs Vs. New Jersey
| Item | Pompton Lakes | 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 Pompton Lakes Groceries Costs Vs. New Jersey
| Item | Pompton Lakes | 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 Pompton Lakes Health Costs Vs. New Jersey
| Item | Pompton Lakes | New Jersey |
|---|---|---|
| Optometrist | $105.11 | $125.68 |
| Doctor | $117.94 | $135.78 |
| Dentist | $121.22 | $113.29 |
Detailed Pompton Lakes Transportation Costs Vs. New Jersey
| Item | Pompton Lakes | New Jersey |
|---|---|---|
| Gasoline | $3.45 | $3.46 |
| Tire Balancing | $77.33 | $59.92 |
Detailed Pompton Lakes Utilities Costs Vs. New Jersey
| Item | Pompton Lakes | New Jersey |
|---|---|---|
| All Electricity | $230.68 | $193.99 |
| Phone | $186.61 | $192.25 |
Pompton Lakes SnackAbility
/10
Cost Of Living In Cities Around Pompton Lakes
The cost of living varies in the cities and towns around Pompton Lakes. 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 Pompton Lakes.
Oakland, NJ has a cost of living index of 139, 1.1x Pompton Lakes.
Suffern, NY has a cost of living index of 125, 1.0x Pompton Lakes.
| City | Population | Cost Of Living | Vs. Pompton Lakes |
|---|---|---|---|
| Nanuet, NY | 20,089 | 145 | 1.2x |
| Oakland, NJ | 12,700 | 139 | 1.1x |
| Suffern, NY | 11,395 | 125 | 1.0x |
| Wanaque, NJ | 11,162 | 121 | 1.0x |
| Franklin Lakes, NJ | 11,011 | 216 | 1.8x |
| Lincoln Park, NJ | 10,901 | 124 | 1.0x |
| Chestnut Ridge, NY | 10,464 | 149 | 1.2x |
| Kinnelon, NJ | 9,971 | 160 | 1.3x |
| Hillcrest, NY | 8,989 | 140 | 1.1x |
| Haledon, NJ | 8,936 | 117 | 1.0x |
