New Providence is located in New Jersey and has an overall cost of living that is +45% compared to the national average. Understanding the full picture of living expenses — from housing and rent to grocery bills and healthcare — is essential when considering a move to New Providence.

Housing: Median rent in New Providence is $4,262 / month, and the median home price is $1,420,152. Housing costs are +166% compared to the national average, which significantly impacts monthly budgets.

Groceries: Daily essentials like bread ($4.26), milk ($4.94), and eggs ($4.87) reflect the local grocery landscape. Overall grocery costs are +4% vs the national average.

Healthcare: Medical costs include doctor visits ($167.21), dentist visits ($134.32), and prescription drugs ($24.21). These costs should be factored into your monthly budget when planning a move.

New Jersey has a state income tax rate of 10.75%, which affects take-home pay for New Providence residents.

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New Providence, New Jersey Cost of Living FAQ

Common questions about living costs in New Providence.

New Providence, New Jersey has an overall cost of living that is +45% the national average. Housing costs are +166% vs the national average. Grocery prices are +4% vs average. Utilities are +4% vs average. This makes New Providence a relatively expensive city.

The median rent in New Providence, New Jersey is $4,262 / month. Average energy bills run $228.05 / month. Phone bills average $203.45 / month. Housing is typically the largest expense for residents.

Healthcare costs in New Providence: doctor's visit averages $167.21, dentist visit averages $134.32, prescription drugs average $24.21. Overall healthcare expenses in the area are influenced by the +4% grocery cost difference.

New Providence is one of 256 cities tracked in New Jersey. With an overall cost +45% vs the national average, it tends to be pricier than some smaller communities. Visit our New Jersey state page to compare all cities side-by-side and find the best fit for your budget.

New Providence offers cost of living +45% compared to the national average. Key factors to consider: median home price of $1,420,152, rent of $4,262 / month, and a state income tax of 10.75% in New Jersey. Explore our detailed cost breakdown above to see if New Providence fits your budget.