What is the cost of living in Wanaque, NJ?
According to the most recent data on the cost of living, Wanaque has an overall cost of living index of 135, which is 1.4x higher than the national index of 100.
Compared to New Jersey, Wanaque has a cost of living index that's 1.1x higher than New Jersey's index of 125.
The standard of living in Wanaque ranks as #146 most affordable out of the 262 places we measured in New Jersey. By definition, that implies Wanaque ranks as the #116 most expensive place in the Garden State.
For more reading on life in Wanaque, check out:
Wanaque Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Wanaque. Here is how it fares on each of the criteria:
The Services index in Wanaque is 112.
The Groceries index in Wanaque is 112.
The Health index in Wanaque is 177.
The Housing index in Wanaque is 121.
The Transportation index in Wanaque is 113.
The Utilities index in Wanaque is 112.
| Living Expense | Wanaque | New Jersey | National Average |
|---|---|---|---|
| Overall | 135 | 125 | 100 |
| Services | 112 | 107 | 100 |
| Groceries | 112 | 113 | 100 |
| Health | 177 | 155 | 100 |
| Housing | 121 | 116 | 100 |
| Transportation | 113 | 112 | 100 |
| Utilities | 112 | 113 | 100 |
Wanaque 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 Wanaque Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Wanaque, 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 Wanaque is $507,937.
The Median Rent in Wanaque is $1,778.
The Median Income in Wanaque is $113,175.
The Home Value To Income in Wanaque is 4.5x.
The Rent To Monthly Income in Wanaque is 0.19x.
| Statistic | Wanaque | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $507,937 | $569,411 | $332,700 |
| Median Rent | $1,778 | $1,720 | $1,413 |
| Median Income | $113,175 | $103,556 | $80,734 |
| Home Value To Income | 4.5x | 5.5x | 4.1x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.21x |
Wanaque, NJ Costs By Category
Detailed Wanaque Services costs vs. New Jersey
| Item | Wanaque | 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 Wanaque Groceries costs vs. New Jersey
| Item | Wanaque | 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 Wanaque Health costs vs. New Jersey
| Item | Wanaque | New Jersey |
|---|---|---|
| Optometrist | $105.11 | $125.68 |
| Doctor | $117.94 | $135.78 |
| Dentist | $121.22 | $113.29 |
Detailed Wanaque Transportation costs vs. New Jersey
| Item | Wanaque | New Jersey |
|---|---|---|
| Gasoline | $3.45 | $3.46 |
| Tire Balancing | $77.33 | $59.92 |
Detailed Wanaque Utilities costs vs. New Jersey
| Item | Wanaque | New Jersey |
|---|---|---|
| All Electricity | $230.68 | $193.99 |
| Phone | $186.61 | $192.25 |
Wanaque SnackAbility
Cost Of Living In Cities Around Wanaque
The cost of living varies in the cities and towns around Wanaque. Here's a quick look at the cost of living in the most populous nearby places:
Ramsey, NJ has a cost of living index of 163, 1.2x Wanaque.
Oakland, NJ has a cost of living index of 149, 1.1x Wanaque.
Stony Point, NY has a cost of living index of 132, 1.0x Wanaque.
| City | Population | Cost Of Living | Vs. Wanaque |
|---|---|---|---|
| Ramsey, NJ | 14,805 | 163 | 1.2x |
| Oakland, NJ | 12,768 | 149 | 1.1x |
| Stony Point, NY | 12,728 | 132 | 1.0x |
| Ringwood, NJ | 11,657 | 135 | 1.0x |
| Suffern, NY | 11,441 | 128 | 0.9x |
| Franklin Lakes, NJ | 11,084 | 221 | 1.6x |
| Pompton Lakes, NJ | 11,047 | 129 | 1.0x |
| Lincoln Park, NJ | 10,957 | 133 | 1.0x |
| Chestnut Ridge, NY | 10,557 | 153 | 1.1x |
| Kinnelon, NJ | 10,013 | 170 | 1.3x |
