| Index | Dumont | New Jersey | National |
| Cost of living | 133 | 125 | 100 |
| Groceries | 106 | 108 | 100 |
| Health care | 112 | 112 | 100 |
| Housing | 187 | 157 | 100 |
| Transportation | 112 | 114 | 100 |
| Utilities | 113 | 111 | 100 |
| Lifestyle & Entertainment | 110 | 113 | 100 |
| Household Items | 104 | 107 | 100 |
| Education & Childcare | 121 | 120 | 100 |
Knowing the cost of living in Dumont allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Dumont stands at 133, marking it 33% higher than the national average.
If you value affordability in your search for a new place to live, Dumont may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, Dumont falls into this category, which may not align with your desire for an affordable place to call home.
When it comes to the cost of living in Dumont, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 86.9% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.
Is Dumont an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Dumont is 106% higher than the national average, while the average monthly rent prices are 42.2% higher than average. The affordability of any location can also be influenced by median income levels. Dumont has a median household income of $160,635, which is 97.5% higher than the national average.
Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Dumont comes in at 12.9% higher than the national average.
Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.
Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Dumont, the groceries index is 5.7% higher than the national average.
The cost of living data for Dumont shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $178,833 | $14,903 | $4,172 | $5,366 |
| Renters | $81,578 | $6,798 | $1,903 | $2,448 |
| State | General Sales Tax | With Max Surtax |
| New Jersey | 6.625% | 12.625% |
| State | Income Tax (Low) | Income Tax (High) |
| New Jersey | 1.4% | 10.75% |
| City | Population | Cost of Living Index | National Avg. |
| Greenville CDP (Greene County), NY | 616 | 106 | 6.1% |
| East Orange, NJ | 66,655 | 115 | 15.1% |
| Silver Lake CDP (Warren County), NJ | 326 | 117 | 17.3% |
| Paterson, NJ | 149,118 | 122 | 21.5% |
| Prospect Park, NJ | 5,987 | 125 | 25.1% |
| Dumont, NJ | 18,293 | 133 | 33.4% |
| City | Population | Cost of Living Index | National Avg. |
| Palestine, TX | 18,296 | 90 | 9.9% |
| Ocean Springs, MS | 18,287 | 96 | 3.6% |
| Tallmadge, OH | 18,313 | 95 | 4.6% |
| White Settlement, TX | 18,316 | 95 | 5.0% |
| Santa Fe Springs, CA | 18,267 | 151 | 50.8% |
| Dumont, NJ | 18,293 | 133 | 33.4% |
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