West New York, NJ Cost Of Living
Cost Of Living In West New York, NJ Summary
Cost of living in West New York 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 West New York 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 West New York is 136, with 100 being the average.
The cost of living index in West New York is 1.4x higher than the national average.
West New York ranks as the #159 cheapest in New Jersey out of 260.
West New York ranks as the #5,256 cheapest out of 6,489 in the US.
The median home value in West New York is $434,664.
The median income in West New York is $67,139.
Table Of Contents
West New York's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in West New York, NJ?
According to the most recent data on the cost of living, West New York has an overall cost of living index of 136, which is 1.4x higher than the national index of 100.
Compared to New Jersey, West New York has a cost of living index that's 1.1x higher than New Jersey's index of 122.
The standard of living in West New York ranks as #159 most affordable out of the 260 places we measured in New Jersey. By definition, that implies West New York ranks as the #101 most expensive place in the Garden State.
For more reading on life in West New York, check out:
In New Jersey
In America
West New York Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in West New York. Here is how it fairs on each of the criteria:
The Services index in West New York is 129.
The Groceries index in West New York is 113.
The Health index in West New York is 119.
The Housing index in West New York is 174.
The Transportation index in West New York is 113.
The Utilities index in West New York is 104.
| Living Expense | West New York | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 136 | 122 | 100 | |
| Services | 129 | 108 | 100 | |
| Groceries | 113 | 104 | 100 | |
| Health | 119 | 99 | 100 | |
| Housing | 174 | 159 | 100 | |
| Transportation | 113 | 101 | 100 | |
| Utilities | 104 | 107 | 100 | |
West New York, 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 West New York is $434,664.
The Median Rent in West New York is $1,607.
The Median Income in West New York is $67,139.
The Home Value To Income in West New York is 6.5x.
The Rent To Monthly Income in West New York is 0.29x.
| Statistic | West New York | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $434,664 | $564,432 | $303,400 |
| Median Rent | $1,607 | $1,653 | $1,348 |
| Median Income | $67,139 | $101,050 | $78,538 |
| Home Value To Income | 6.5x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.29x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
West New York, NJ Costs By Category
Detailed West New York Services Costs Vs. New Jersey
| Item | West New York | 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 West New York Groceries Costs Vs. New Jersey
| Item | West New York | 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 West New York Health Costs Vs. New Jersey
| Item | West New York | New Jersey |
|---|---|---|
| Optometrist | $128.97 | $125.68 |
| Doctor | $162.24 | $135.78 |
| Dentist | $149.64 | $113.29 |
Detailed West New York Transportation Costs Vs. New Jersey
| Item | West New York | New Jersey |
|---|---|---|
| Gasoline | $3.55 | $3.46 |
| Tire Balancing | $86.43 | $59.92 |
Detailed West New York Utilities Costs Vs. New Jersey
| Item | West New York | New Jersey |
|---|---|---|
| All Electricity | $201.27 | $193.99 |
| Phone | $200.67 | $192.25 |
West New York SnackAbility
/10
Cost Of Living In Cities Around West New York
The cost of living varies in the cities and towns around West New York. Here's a quick look at the cost of living in the most populous nearby places:
Hoboken, NJ has a cost of living index of 192, 1.4x West New York.
Cliffside Park, NJ has a cost of living index of 149, 1.1x West New York.
Secaucus, NJ has a cost of living index of 155, 1.1x West New York.
| City | Population | Cost Of Living | Vs. West New York |
|---|---|---|---|
| Hoboken, NJ | 58,340 | 192 | 1.4x |
| Cliffside Park, NJ | 25,580 | 149 | 1.1x |
| Secaucus, NJ | 21,437 | 155 | 1.1x |
| Woodmere, NY | 18,198 | 194 | 1.4x |
| Port Washington, NY | 17,613 | 194 | 1.4x |
| Fairview, NJ | 14,920 | 156 | 1.1x |
| Edgewater, NJ | 14,544 | 177 | 1.3x |
| North New Hyde Park, NY | 14,354 | 178 | 1.3x |
| Guttenberg, NJ | 11,638 | 130 | 1.0x |
| Ridgefield, NJ | 11,439 | 153 | 1.1x |
