Tenafly, NJ Cost Of Living
Cost Of Living In Tenafly, NJ Summary
Cost of living in Tenafly 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 Tenafly 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 Tenafly is 210, with 100 being the average.
The cost of living index in Tenafly is 2.1x higher than the national average.
Tenafly ranks as the #256 cheapest in New Jersey out of 260.
Tenafly ranks as the #6,354 cheapest out of 6,489 in the US.
The median home value in Tenafly is $1,247,578.
The median income in Tenafly is $208,088.
Table Of Contents
Tenafly's Overall Cost Of Living
Higher Than The National Average
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 210, which is 2.1x higher than the national index of 100.
Compared to New Jersey, Tenafly has a cost of living index that's 1.7x higher than New Jersey's index of 122.
The standard of living in Tenafly ranks as #256 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Tenafly ranks as the #4 most expensive place in the Garden State.
For more reading on life in Tenafly, check out:
In New Jersey
In America
Tenafly Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Tenafly. Here is how it fairs on each of the criteria:
The Services index in Tenafly is 129.
The Groceries index in Tenafly is 114.
The Health index in Tenafly is 122.
The Housing index in Tenafly is 420.
The Transportation index in Tenafly is 116.
The Utilities index in Tenafly is 104.
| Living Expense | Tenafly | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 210 | 122 | 100 | |
| Services | 129 | 108 | 100 | |
| Groceries | 114 | 104 | 100 | |
| Health | 122 | 99 | 100 | |
| Housing | 420 | 159 | 100 | |
| Transportation | 116 | 101 | 100 | |
| Utilities | 104 | 107 | 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 2019-2023. The key points are:
The Median Home Value in Tenafly is $1,247,578.
The Median Rent in Tenafly is $3,143.
The Median Income in Tenafly is $208,088.
The Home Value To Income in Tenafly is 6.0x.
The Rent To Monthly Income in Tenafly is 0.18x.
| Statistic | Tenafly | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $1,247,578 | $564,432 | $303,400 |
| Median Rent | $3,143 | $1,653 | $1,348 |
| Median Income | $208,088 | $101,050 | $78,538 |
| Home Value To Income | 6.0x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.18x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
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
/10
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 144, 0.7x Tenafly.
Bergenfield, NJ has a cost of living index of 137, 0.7x Tenafly.
Dumont, NJ has a cost of living index of 140, 0.7x Tenafly.
| City | Population | Cost Of Living | Vs. Tenafly |
|---|---|---|---|
| Englewood, NJ | 29,342 | 144 | 0.7x |
| Bergenfield, NJ | 28,269 | 137 | 0.7x |
| Dumont, NJ | 18,072 | 140 | 0.7x |
| Port Washington, NY | 17,613 | 194 | 0.9x |
| New Milford, NJ | 16,882 | 148 | 0.7x |
| North New Hyde Park, NY | 14,354 | 178 | 0.8x |
| Cresskill, NJ | 9,101 | 183 | 0.9x |
| Closter, NJ | 8,544 | 179 | 0.9x |
| Williston Park, NY | 7,508 | 170 | 0.8x |
| Pleasantville, NY | 7,395 | 176 | 0.8x |
