Cost of Living in New Jersey

New Jersey has a cost of living index of 100.0, meaning overall expenses are approximately in line with the national average. With 256 cities tracked in our database, the state offers a wide range of living situations from very affordable small towns to pricier metropolitan areas.

Housing is typically the largest expense category. Average rent in New Jersey is approximately $3,074 per month, with significant variation between urban centers and rural communities. Median home values average around $1,024,435 statewide.

The state income tax rate in New Jersey is 10.75%, which directly affects take-home pay. Factor this into salary comparisons when considering a move from states with different tax rates.