River Edge, NJ Cost Of Living
Cost Of Living In River Edge, NJ Summary
Cost of living in River Edge 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 River Edge 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 River Edge is 159, with 100 being the average.
The cost of living index in River Edge is 1.6x higher than the national average.
River Edge ranks as the #217 cheapest in New Jersey out of 260.
River Edge ranks as the #5,877 cheapest out of 6,489 in the US.
The median home value in River Edge is $805,489.
The median income in River Edge is $155,827.
Table Of Contents
River Edge's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in River Edge, NJ?
According to the most recent data on the cost of living, River Edge has an overall cost of living index of 159, which is 1.6x higher than the national index of 100.
Compared to New Jersey, River Edge has a cost of living index that's 1.3x higher than New Jersey's index of 122.
The standard of living in River Edge ranks as #217 most affordable out of the 260 places we measured in New Jersey. By definition, that implies River Edge ranks as the #43 most expensive place in the Garden State.
For more reading on life in River Edge, check out:
In New Jersey
In America
River Edge Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in River Edge. Here is how it fairs on each of the criteria:
The Services index in River Edge is 128.
The Groceries index in River Edge is 112.
The Health index in River Edge is 120.
The Housing index in River Edge is 250.
The Transportation index in River Edge is 115.
The Utilities index in River Edge is 103.
| Living Expense | River Edge | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 159 | 122 | 100 | |
| Services | 128 | 108 | 100 | |
| Groceries | 112 | 104 | 100 | |
| Health | 120 | 99 | 100 | |
| Housing | 250 | 159 | 100 | |
| Transportation | 115 | 101 | 100 | |
| Utilities | 103 | 107 | 100 | |
River Edge, 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 River Edge is $805,489.
The Median Rent in River Edge is $1,811.
The Median Income in River Edge is $155,827.
The Home Value To Income in River Edge is 5.2x.
The Rent To Monthly Income in River Edge is 0.14x.
| Statistic | River Edge | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $805,489 | $564,432 | $303,400 |
| Median Rent | $1,811 | $1,653 | $1,348 |
| Median Income | $155,827 | $101,050 | $78,538 |
| Home Value To Income | 5.2x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.14x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
River Edge, NJ Costs By Category
Detailed River Edge Services Costs Vs. New Jersey
| Item | River Edge | 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 River Edge Groceries Costs Vs. New Jersey
| Item | River Edge | 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 River Edge Health Costs Vs. New Jersey
| Item | River Edge | New Jersey |
|---|---|---|
| Optometrist | $128.97 | $125.68 |
| Doctor | $162.24 | $135.78 |
| Dentist | $149.64 | $113.29 |
Detailed River Edge Transportation Costs Vs. New Jersey
| Item | River Edge | New Jersey |
|---|---|---|
| Gasoline | $3.55 | $3.46 |
| Tire Balancing | $86.43 | $59.92 |
Detailed River Edge Utilities Costs Vs. New Jersey
| Item | River Edge | New Jersey |
|---|---|---|
| All Electricity | $201.27 | $193.99 |
| Phone | $200.67 | $192.25 |
River Edge SnackAbility
/10
Cost Of Living In Cities Around River Edge
The cost of living varies in the cities and towns around River Edge. Here's a quick look at the cost of living in the most populous nearby places:
Hackensack, NJ has a cost of living index of 134, 0.8x River Edge.
Bergenfield, NJ has a cost of living index of 137, 0.9x River Edge.
Paramus, NJ has a cost of living index of 169, 1.1x River Edge.
| City | Population | Cost Of Living | Vs. River Edge |
|---|---|---|---|
| Hackensack, NJ | 45,768 | 134 | 0.8x |
| Bergenfield, NJ | 28,269 | 137 | 0.9x |
| Paramus, NJ | 26,500 | 169 | 1.1x |
| Mamaroneck, NY | 19,840 | 166 | 1.0x |
| Dumont, NJ | 18,072 | 140 | 0.9x |
| Port Washington, NY | 17,613 | 194 | 1.2x |
| New Milford, NJ | 16,882 | 148 | 0.9x |
| Maywood, NJ | 10,042 | 141 | 0.9x |
| Bogota, NJ | 9,110 | 134 | 0.8x |
| Oradell, NJ | 8,197 | 172 | 1.1x |
