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Cost of Living in
New Jersey

Living cost is 14.64% higher than avg
Families spend upto $10,099/mo on avg
Homeowners spend $9,452/mo on avg
Renters spend $6,127/mo on avg

Cost of Living in
New Jersey

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A Breakdown of the Cost of Living in New Jersey

U.S. Avg.

New Jersey

Difference Diff

Home Price

$532,491

$698,391.4

31%

Apartment Rent (per month)

$1,367

$2,542.6

86%

U.S. Avg.

New Jersey

Difference Diff

Phone (per month)

$219.4

$190.26

13%

Total Energy (per month)

$200.23

$230.11

15%

U.S. Avg.

New Jersey

Difference Diff

Grocery Staples

Corn Flakes (per box)

$6.79

$6.28

Frozen Corn (per bag)

$2.41

$2.24

Frozen Meal (per package)

$4.85

$4.09

16%

Cooking Oil (per bottle)

$6.16

$9.58

56%

Detergent (per bottle)

$19.51

$21.09

Facial Tissues (per box)

$2.85

$2.38

16%

Sweet Peas (per can)

$1.83

$1.87

Sugar (per bag)

$4.66

$5.13

10%

Bread (per loaf)

$3.87

$4.14

Frying Chicken (per lb)

$1.64

$1.61

Meat & Poultry

Chicken (per lb)

$1.71

$1.62

Steak (per lb)

$14.54

$17.03

17%

Sausage (per lb)

$5.23

$5.18

Ground Beef (per lb)

$8.61

$7.83

Snacks & Beverages

Soft Drink (per bottle)

$3.45

$3.06

11%

Potato Chips (per bag)

$5.54

$4.29

22%

Coffee (per lb)

$6.55

$6.37

Fresh Orange Juice (per half gallon)

$5.22

$4.87

Fruits & Vegetables

Peaches (per can)

$4.40

$2.94

33%

Lettuce (per head)

$1.98

$2.08

Bananas (per lb)

$0.64

$0.75

18%

Potatoes (per bag)

$5.58

$5.33

Dairy & Eggs

Parmesan Cheese (per lb)

$4.69

$5.58

19%

Margarine (per lb)

$1.30

$1.68

29%

Eggs (per dozen)

$3.98

$4.55

14%

Whole Milk (per gallon)

$4.08

$4.87

19%

Seafood

Chunk Light Tuna (per can)

$1.22

$1.35

10%

U.S. Avg.

New Jersey

Difference Diff

Tire Balance (per tire)

$70.23

$76.51

Gasoline (per gallon)

$2.9

$3.08

U.S. Avg.

New Jersey

Difference Diff

Doctor Visit (per visit)

$116.03

$194.79

68%

Dentist Visit (per visit)

$145.11

$137.19

Ibuprofen (per bottle)

$12.38

$12.21

Prescription Drug (per month)

$20.8

$19.31

Optometrist Visit (per visit)

$95.27

$142.24

49%

U.S. Avg.

New Jersey

Difference Diff

Women’s Slacks

$35.43

$44.2

25%

Boys’ Jeans

$29.47

$25.86

12%

Men’s Shirt

$39.36

$39.18

Wine (per bottle)

$7.51

$12.57

67%

Beer (per 6-pack)

$11.17

$11.18

Veterinary Services (per visit)

$65.33

$86.09

32%

Tennis Balls (per pack)

$3.59

$4.03

12%

Yoga (per class)

$12

$25.11

109%

Movie (per ticket)

$11.67

$15.8

35%

Newspaper (per copy)

$19.31

$13.72

29%

Washer Repair (per service)

$109.47

$85.11

22%

Women Slacks

$34.88

$43.51

25%

Boy Jeans

$29.51

$25.42

14%

Man Dress Shirt

$39.05

$37.39

Dry Cleaning (per item)

$13.45

$15.72

17%

Shampoo (per bottle)

$1.55

$1.63

Toothpaste (per tube)

$3.64

$4.07

12%

Beauty Salon (per visit)

$47.5

$56.01

18%

Haircut (per cut)

$27.08

$32.55

20%

Fried Chicken (per serving)

$4.37

$5.62

29%

Pizza (per pizza)

$11.99

$11.79

Hamburger (per serving)

$5.28

$6.5

23%

Welcome to the Garden State—where the cost of living is 14.64% higher than the national average. This makes New Jersey an expensive but manageable option compared to New York or Connecticut. Located strategically between Manhattan and Philadelphia, New Jersey is an economic powerhouse, backed by top employers such as Johnson & Johnson, Prudential Financial, and Verizon. The state is also home to some of the nation’s most prestigious universities, including Princeton University and Rutgers University. This unique blend of professional opportunity, academic excellence, and metro accessibility makes New Jersey a great place to live, work, and grow.

Housing costs are 31% higher than the US median. The average house price in New Jersey starts at $698,391.40, substantially more than the national median. If you're purchasing a new house in New Jersey, prepare to put down 15 to 20% of the home price upfront as your down payment. Moreover, monthly mortgage payments here typically run 40% to 50% above the national benchmarks.
Renting in New Jersey is 86.0% higher than the national average. A one-bedroom home in New Jersey costs $2,000 per month, whereas a two-bedroom unit averages between $2,600 and $2,800, depending on the area. While you may not always find homes with backyards in New Jersey (especially in denser neighborhoods), many rentals offer modern amenities, dedicated parking, and convenient access to public transit, so the higher costs feel more worthwhile.
Utilities in New Jersey are 2% higher than the national average, with spikes during harsh Northeast winters. Homeowners near coastal areas like Atlantic City or Cape May often pay additional premiums for flood insurance. These range from $1,200 to $2,500 annually, depending on elevation and proximity to water. HOA fees typically fall between $250 and $600 per month, influenced by location; it’s higher in places like Hoboken and Jersey City. In older suburban neighborhoods like Montclair or Westfield, maintenance costs can rise due to aging infrastructure, seasonal weather damage, and strict local building codes.
Food costs in New Jersey are 4% higher than the US median. A gallon of milk costs $4.87 per gallon, compared to $4.30 in Pennsylvania or $3.80 in Virginia. Families of four should budget $800 to $1,200 monthly for groceries, while a single person might spend around $300 monthly.
Transportation costs in New Jersey are 16.97% higher than the national average due to tolls and car insurance. Gas prices average $3.08 per gallon, and car insurance costs around $2,555 annually. Monthly transit passes range from $80 to $130, especially for routes to New York City. In walkable towns like Hoboken and parts of Newark, many residents use light rail, PATH trains, or local buses for daily travel.
Healthcare expenses in New Jersey are 13.23% higher than the national levels. Routine doctor visits cost $194.79, compared to $140 in Pennsylvania or $135 in Delaware. Dental cleanings come in at $115, and an emergency doctor visit without insurance can reach up to $3,000. While the costs are on the higher side, New Jersey offers access to top-tier medical facilities and specialists, which ensures quality care across the state.
Miscellaneous costs in New Jersey are 5.6% higher than the national average. This includes winter clothing, fitness memberships (averaging $100 to $180 monthly), and shore weekend getaways. Six Flags Great Adventure family outings can cost $300, while evening entertainment in Princeton or Hoboken can easily surpass $150.

Moving to New Jersey? Be ready to spend more. But from bustling cities to scenic shorelines, the lifestyle perks might just make it worth the cost—just be sure your budget can keep up! 👉 Next Step: Compare single-family homes in New Jersey.

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Is Living in New Jersey Expensive?

Yes, living in New Jersey is expensive for most middle-class families. The overall cost to live in New Jersey is 14.64% higher than the national average. Housing is one of the biggest expenses, with prices about 44% above the U.S. median.

Why is New Jersey so expensive? Several factors drive up the cost of living, including its prime location between New York City and Philadelphia, top-rated school systems, high property taxes, and limited housing inventory. With a $565,000 budget, you could secure a townhouse in New Jersey, often with limited parking. In comparison, the same amount can buy luxury homes in North Carolina or duplex homes in Texas. On top of that, rising food prices, utility costs, transportation fees, and other everyday expenses add to the financial pressure.

Housing in New Jersey

Buying a home in New Jersey comes with several hidden costs, so it’s important to plan carefully. Housing prices are 31% higher than the national average, making it one of the most expensive markets on the East Coast. With mortgage rates around 7 to 8% and HOA fees of $200 to $500 a month, owning a home in New Jersey can be a major financial commitment.

Buying a House in New Jersey

Young adults and singles often choose homes in Trenton or Camden for easy access to New Jersey Transit, and nearby stores like Target and Costco. Average home prices are around $698,391.40 in Trenton and $170,000 in Camden. Monthly mortgage payments usually range from $1,800 to $2,200, not including insurance or taxes. Condos in more budget-friendly areas like Newark or Elizabeth typically cost between $200,000 and $350,000.
If you’re a married couple with young children (under 6), three-bedroom homes in Princeton typically cost between $400,000 and $700,000. Families also favor Summit and Westfield for their spacious backyards and outdoor areas. These family-friendly neighborhoods offer access to top schools like Princeton University, Morristown High School, and Jersey City Public Schools.
If you’re a married couple with older children (Ages 6 to 17), you can find multi-family homes in New Jersey that cost between $450,000 and $800,000. You can also look for patio homes in Westfield, or other family-friendly neighborhoods like Bridgewater. These areas feature spacious homes with backyards, perfect for growing families. You'll also have access to top-rated public schools such as Westfield High School and Bridgewater-Raritan High School.

Renting a House in New Jersey

The average rent in NJ is 86.0% higher than the national average. The apartment rent in New Jersey averages $2,542.60, and depends on neighborhood and home size. Let's break down average rental costs across the city:

Singles and young professionals pay approximately $3,800 monthly for one-bedroom homes in Jersey City or Hoboken. Hoboken is popular for its Manhattan views and easy PATH train access, while Jersey City offers waterfront parks and quick commutes to NYC. Homes in Elizabeth or Newark are more budget-friendly alternatives, and cost $2,100 to $2,700 monthly. These areas also have strong NJ Transit and bus connections.
Couples with young children (under 6) typically spend $2,800 to $4,500 monthly for two-bedroom homes in Morristown, Princeton, or other family-friendly neighborhoods. These areas have parks, playgrounds, community rec centers, and highly-rated elementary schools.
Families with older children (6–17) rent three-bedroom homes in Summit or four-bedroom homes in Westfield for $3,500 to $6,000 monthly. Homes located near top-rated schools typically come with higher price tags due to strong demand.
Downsizing retirees spend $2,200 to $3,500 monthly on one- or two-bedroom condos in Atlantic City, Asbury Park, or Cape May. These coastal communities offer convenient homes close to shopping and healthcare services. Many seniors prefer tiny homes in New Jersey for their simple, low-maintenance lifestyle.
International students can look for two-bedroom homes in Jersey City or Hoboken, which typically cost $3,200 to $5,000 per month, and share with roommates to split the rent. Choosing nearby areas like Weehawken can further reduce costs by 15 to 25%.

Utilities in New Jersey

Food and Groceries in New Jersey

Transportation in New Jersey

Healthcare in New Jersey

Healthcare expenses in New Jersey are 13.23% higher than the national average, reflecting the state’s top-quality medical facilities. However, emergency care and specialized treatments can quickly add up. Here’s a breakdown of healthcare costs in New Jersey:

Doctor Visits — $194.79+ per appointment: Routine doctor visits in New Jersey cost about $194.79 each, slightly higher than the national average. Common visits for things like colds, blood pressure checks, or prescription refills usually fall within this range. Specialized appointments, such as cardiology or orthopedic visits, can cost between $200 and $350, depending on the provider.
Dental Visits— $137.19+ per visit: Routine cleanings and exams cost about $137.19 in New Jersey, while cavity fillings range from $180 to $250. Compared to nearby states like Pennsylvania, where cleanings cost around $106, New Jersey is more expensive. Minor procedures like X-rays or fluoride treatments are also 8% to 12% percent above national averages. While New York generally has higher dental costs, New Jersey’s prices remain above average for the region.
Optometrist Visit— $142.24+ per visit: Routine eye exams cost about $142.24, slightly above the national average. This price covers vision tests and prescription updates. Specialized services like diabetic eye exams, retinal imaging, or treatment for dry eye can add an extra $60 to $180.
Prescription Drugs— $19.31+ per package: For chronic conditions, a month’s supply of Lisinopril for high blood pressure costs $15 to $20 without insurance. Treatment for Type 2 diabetes with Metformin ranges from $18 to $28 per month. For short-term needs, common antibiotics like Amoxicillin cost between $25 and $40.
Over-the-Counter Medications — $12 or more per package: Daily essentials like ibuprofen, allergy medicine, and cold remedies such as DayQuil or Mucinex cost between $12 and $16 per package. New Jersey residents generally keep their medicine cabinets well-stocked to handle winter colds, spring allergies, and seasonal sinus issues.

Healthcare in New Jersey is supported by top hospitals like Robert Wood Johnson University Hospital and Morristown Medical Center. The state emphasizes preventive care and advanced treatments to keep people healthier. Whether you need routine check-ups, specialist care, or emergency services, New Jersey provides high-quality care, though it often comes with higher costs.

It’s a smart idea to have health insurance in New Jersey, where a typical doctor’s visit costs about $194.79*. Monthly insurance premiums usually range from $450* to $800*, depending on your coverage, age, and where you live. They help lower out-of-pocket costs for regular check-ups and unexpected medical expenses.

*Disclaimer: These figures are averages and can vary based on individual circumstances and specific insurance providers. It's recommended to compare plans and consult with insurance professionals to find the best coverage for your needs.

Miscellaneous Costs in New Jersey

Miscellaneous expenses in New Jersey are about 5.6% higher than the national average. From personal care products to entertainment, everyday extras tend to cost more here:

Food and Drinks: Restaurant prices in New Jersey vary widely by location. A burger at a local diner might cost around $6.50, while a full meal with an entrée, sides, and drinks can exceed $45 per person in places like Princeton or Hoboken. Pizza slices range from $11.79, sushi rolls at mid-range restaurants cost between $14 and $22, and cheese steaks go for $17.03. Craft beer at local breweries typically costs $5 to $10 per pint, while wine ranges from $8 to $15 per glass.
Personal Care and Grooming: Haircuts average $32.55, while salon services like shampoo, blow-dry, and styling cost about $65. Skincare treatments typically range from $80 to $150 per session. Manicures average $35, and spa services such as massages usually start at $90.
Clothing and Laundry: New Jersey’s business-casual to professional dress standards often call for quality wardrobe pieces. Dress shirts typically cost around $45, and business slacks about $35. Professional dry cleaning averages $18 per visit, though doing laundry at home is a more budget-friendly option.
Fitness and Entertainment: A single yoga class averages $22, and movie tickets cost about $14 each. Outside the studio or theater, residents take advantage of the Garden State’s natural spaces, like hiking in the Pine Barrens and playing beach volleyball. You can also enjoy low-cost activities like canoeing, biking, fishing, and horseback riding along the 70-mile Delaware and Raritan Canal State Park.
Pet Care Expenses: Routine veterinary visits in New Jersey cost around $85, while emergency care can exceed $600. The state is also very pet-friendly, with popular spots like Liberty State Park and Grounds For Sculpture. Many Jersey Shore beaches allow leashed dogs during the off-season, and state parks such as Island Beach State Park have great walking trails for pets and their owners.

What Salary Do You Need to Live in New Jersey?

The average salary in New Jersey is 14.64% higher, but living comfortably typically requires an income between $70,000 and $120,000 per year. The exact amount depends on lifestyle, spending habits, and household size. Living in New Jersey means embracing the culture, along with the higher costs that come with it.

Homeowners spend $113,429.00 per year: Mortgage payments, property taxes, homeowners insurance, and utilities are higher in New Jersey than in most states, especially in counties near New York City and Philadelphia.

Renters spend $73,519.00 per year: Annual rent for a one-bedroom apartment, coupled with groceries, transportation, and essential utilities, puts renters under consistent financial pressure, especially in cities like Jersey City or Hoboken.

Families with kids spend $121,190.00 per year: With added expenses like childcare, education, healthcare, and a larger home, family budgets stretch thin. Even dual-income households need careful planning to stay financially stable in New Jersey.

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What is a Cost of Living Calculator?

A cost of living calculator helps you compare the expenses required to live in a different location. The calculator factors in various living expenses like housing, food, utilities, transportation, fitness, and entertainment, etc., and helps you estimate how much salary you need to live in that city. Since the cost of goods and services varies in different cities, a New Jersey cost of living calculator can help you make the decision to move to this city or not.

About Cost of Living Data

The data used to determine New Jersey's cost of living is sourced from the Council for Community and Economic Research (C2ER). Published since 1968, COLI data is recognized by the U.S. Census Bureau and the Bureau of Labor Statistics. This organization regularly updates its data to offer a detailed and well-researched view of living expenses in cities across the country. An independent Advisory Board reviews C2ER’s data collection methodologies and quarterly publications to ensure consistency and quality. For more information, visit www.coli.org. Data published as of Oct 2025.

Frequently Asked Questions

How much is gas in New Jersey?

Gas in New Jersey averages around $3.08 per gallon. Prices often rise during the winter due to increased heating oil demand, or during high-traffic times like summer weekends at the Shore. In addition, frequent use of toll roads, such as the Garden State Parkway, can further increase overall transportation costs.

Is New Jersey a good place to live?

Yes, New Jersey is a great place to live if you appreciate four distinct seasons, world-class architecture, and cultural diversity. The state is well-served by major airports like Newark Liberty International, and has top-ranked healthcare facilities. Neighborhoods such as Princeton and Summit are known for their school districts, making New Jersey an appealing choice for many families.

What is the cost of living in New Jersey?

The average cost of living in NJ is 14.64% higher than national averages. Properties in Ridgewood, Hoboken, Princeton, and Jersey City are on the expensive side, while Trenton, Camden, and Atlantic City offer some of the state’s most affordable housing.

What is the average rent in New Jersey?

One-bedroom apartments in New Jersey typically rent for $2,542.60 to $3,000 per month. Premium neighborhoods like Hoboken and Jersey City tend to cost more, as they feature amenities like Manhattan views, fitness centers, and concierge services.

How much is a two-bedroom apartment in New Jersey?

Two-bedroom apartments in New Jersey cost between $2,800 and $4,700 per month. Expect higher rents for waterfront properties or luxury buildings in Jersey City, Hoboken, or Princeton.

What is the average price of utilities in New Jersey?

The average cost of utilities in NJ ranges from $400 to over $600 per month. This covers electricity, water, sewer, and heating, with higher bills during winter heating and summer air conditioning seasons.<

How much is childcare in New Jersey?

If you are moving to New Jersey, childcare costs for toddlers in New Jersey typically range from $1,200 to $2,000 per month. Prices tend to be higher in areas like Jersey City and Princeton, while family daycare options in Camden and Trenton are generally more affordable.