Upper Montclair, NJ Cost Of Living
Cost Of Living In Upper Montclair, NJ Summary
Cost of living in Upper Montclair 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 Upper Montclair 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 Upper Montclair is 180, with 100 being the average.
The cost of living index in Upper Montclair is 1.8x higher than the national average.
Upper Montclair ranks as the #244 cheapest in New Jersey out of 260.
Upper Montclair ranks as the #6,185 cheapest out of 6,489 in the US.
The median home value in Upper Montclair is $1,278,024.
The median income in Upper Montclair is $250,001.
Table Of Contents
Upper Montclair's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Upper Montclair, NJ?
According to the most recent data on the cost of living, Upper Montclair has an overall cost of living index of 180, which is 1.8x higher than the national index of 100.
Compared to New Jersey, Upper Montclair has a cost of living index that's 1.5x higher than New Jersey's index of 122.
The standard of living in Upper Montclair ranks as #244 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Upper Montclair ranks as the #16 most expensive place in the Garden State.
For more reading on life in Upper Montclair, check out:
In New Jersey
In America
Upper Montclair Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Upper Montclair. Here is how it fairs on each of the criteria:
The Services index in Upper Montclair is 107.
The Groceries index in Upper Montclair is 102.
The Health index in Upper Montclair is 94.
The Housing index in Upper Montclair is 354.
The Transportation index in Upper Montclair is 109.
The Utilities index in Upper Montclair is 111.
| Living Expense | Upper Montclair | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 180 | 122 | 100 | |
| Services | 107 | 108 | 100 | |
| Groceries | 102 | 104 | 100 | |
| Health | 94 | 99 | 100 | |
| Housing | 354 | 159 | 100 | |
| Transportation | 109 | 101 | 100 | |
| Utilities | 111 | 107 | 100 | |
Upper Montclair, 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 Upper Montclair is $1,278,024.
The Median Rent in Upper Montclair is $2,290.
The Median Income in Upper Montclair is $250,001.
The Home Value To Income in Upper Montclair is 5.1x.
The Rent To Monthly Income in Upper Montclair is 0.11x.
| Statistic | Upper Montclair | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $1,278,024 | $564,432 | $303,400 |
| Median Rent | $2,290 | $1,653 | $1,348 |
| Median Income | $250,001 | $101,050 | $78,538 |
| Home Value To Income | 5.1x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.11x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Upper Montclair, NJ Costs By Category
Detailed Upper Montclair Services Costs Vs. New Jersey
| Item | Upper Montclair | New Jersey |
|---|---|---|
| Shampoo | $1.48 | $1.28 |
| Movie | $15.78 | $12.13 |
| Bowling | $21.0 | $18 |
| Haircut | $25.62 | $24.26 |
| Beauty Salon | $41.67 | $45.56 |
Detailed Upper Montclair Groceries Costs Vs. New Jersey
| Item | Upper Montclair | New Jersey |
|---|---|---|
| Ground Beef | $5.65 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.71 | $4.67 |
| Potatoes | $5.37 | $4.93 |
| Pizza | $11.49 | $12.09 |
| Beer | $11.33 | $10.41 |
| Toothpaste | $3.72 | $3.7 |
Detailed Upper Montclair Health Costs Vs. New Jersey
| Item | Upper Montclair | New Jersey |
|---|---|---|
| Optometrist | $157.11 | $125.68 |
| Doctor | $115.59 | $135.78 |
| Dentist | $124.27 | $113.29 |
Detailed Upper Montclair Transportation Costs Vs. New Jersey
| Item | Upper Montclair | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $82.67 | $59.92 |
Detailed Upper Montclair Utilities Costs Vs. New Jersey
| Item | Upper Montclair | New Jersey |
|---|---|---|
| All Electricity | $236.04 | $193.99 |
| Phone | $186.61 | $192.25 |
Upper Montclair SnackAbility
/10
Cost Of Living In Cities Around Upper Montclair
The cost of living varies in the cities and towns around Upper Montclair. Here's a quick look at the cost of living in the most populous nearby places:
Clifton, NJ has a cost of living index of 127, 0.7x Upper Montclair.
Passaic, NJ has a cost of living index of 126, 0.7x Upper Montclair.
Nanuet, NY has a cost of living index of 145, 0.8x Upper Montclair.
| City | Population | Cost Of Living | Vs. Upper Montclair |
|---|---|---|---|
| Clifton, NJ | 89,247 | 127 | 0.7x |
| Passaic, NJ | 69,651 | 126 | 0.7x |
| Nanuet, NY | 20,089 | 145 | 0.8x |
| Pearl River, NY | 16,282 | 148 | 0.8x |
| Woodland Park, NJ | 13,284 | 132 | 0.7x |
| Florham Park, NJ | 13,134 | 165 | 0.9x |
| Suffern, NY | 11,395 | 125 | 0.7x |
| Totowa, NJ | 10,919 | 130 | 0.7x |
| Lincoln Park, NJ | 10,901 | 124 | 0.7x |
| Chestnut Ridge, NY | 10,464 | 149 | 0.8x |
