What is the cost of living in Tenafly, NJ?
According to the most recent data on the cost of living, Tenafly has an overall cost of living index of 204, which is 2.0x higher than the national index of 100.
Compared to New Jersey, Tenafly has a cost of living index that's 1.6x higher than New Jersey's index of 125.
The standard of living in Tenafly ranks as #257 most affordable out of the 262 places we measured in New Jersey. By definition, that implies Tenafly ranks as the #5 most expensive place in the Garden State.
For more reading on life in Tenafly, check out:
Tenafly Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Tenafly. Here is how it fares on each of the criteria:
The Services index in Tenafly is 111.
The Groceries index in Tenafly is 112.
The Health index in Tenafly is 419.
The Housing index in Tenafly is 118.
The Transportation index in Tenafly is 112.
The Utilities index in Tenafly is 120.
| Living Expense | Tenafly | New Jersey | National Average |
|---|---|---|---|
| Overall | 204 | 125 | 100 |
| Services | 111 | 107 | 100 |
| Groceries | 112 | 113 | 100 |
| Health | 419 | 155 | 100 |
| Housing | 118 | 116 | 100 |
| Transportation | 112 | 112 | 100 |
| Utilities | 120 | 113 | 100 |
Tenafly 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 Tenafly Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Tenafly, 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 Tenafly is $1,262,422.
The Median Rent in Tenafly is $3,501.
The Median Income in Tenafly is $208,200.
The Home Value To Income in Tenafly is 6.1x.
The Rent To Monthly Income in Tenafly is 0.2x.
| Statistic | Tenafly | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $1,262,422 | $569,411 | $332,700 |
| Median Rent | $3,501 | $1,720 | $1,413 |
| Median Income | $208,200 | $103,556 | $80,734 |
| Home Value To Income | 6.1x | 5.5x | 4.1x |
| Rent To Monthly Income | 0.2x | 0.2x | 0.21x |
Tenafly, NJ Costs By Category
Detailed Tenafly Services costs vs. New Jersey
| Item | Tenafly | 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 Tenafly Groceries costs vs. New Jersey
| Item | Tenafly | 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 Tenafly Health costs vs. New Jersey
| Item | Tenafly | New Jersey |
|---|---|---|
| Optometrist | $128.97 | $125.68 |
| Doctor | $162.24 | $135.78 |
| Dentist | $149.64 | $113.29 |
Detailed Tenafly Transportation costs vs. New Jersey
| Item | Tenafly | New Jersey |
|---|---|---|
| Gasoline | $3.55 | $3.46 |
| Tire Balancing | $86.43 | $59.92 |
Detailed Tenafly Utilities costs vs. New Jersey
| Item | Tenafly | New Jersey |
|---|---|---|
| All Electricity | $201.27 | $193.99 |
| Phone | $200.67 | $192.25 |
Tenafly SnackAbility
Cost Of Living In Cities Around Tenafly
The cost of living varies in the cities and towns around Tenafly. Here's a quick look at the cost of living in the most populous nearby places:
Englewood, NJ has a cost of living index of 136, 0.7x Tenafly.
Bergenfield, NJ has a cost of living index of 134, 0.7x Tenafly.
Dumont, NJ has a cost of living index of 134, 0.7x Tenafly.
| City | Population | Cost Of Living | Vs. Tenafly |
|---|---|---|---|
| Englewood, NJ | 29,638 | 136 | 0.7x |
| Bergenfield, NJ | 28,450 | 134 | 0.7x |
| Dumont, NJ | 18,279 | 134 | 0.7x |
| Port Washington, NY | 18,004 | 196 | 1.0x |
| New Milford, NJ | 16,995 | 140 | 0.7x |
| North New Hyde Park, NY | 14,159 | 169 | 0.8x |
| Cresskill, NJ | 9,174 | 181 | 0.9x |
| Closter, NJ | 8,606 | 176 | 0.9x |
| Williston Park, NY | 7,542 | 161 | 0.8x |
| Briarcliff Manor, NY | 7,519 | 178 | 0.9x |
