| Index | Englewood | New Jersey | National |
| Cost of living | 137 | 125 | 100 |
| Groceries | 106 | 108 | 100 |
| Health care | 111 | 112 | 100 |
| Housing | 200 | 157 | 100 |
| Transportation | 114 | 114 | 100 |
| Utilities | 108 | 111 | 100 |
| Lifestyle & Entertainment | 109 | 113 | 100 |
| Household Items | 108 | 107 | 100 |
| Education & Childcare | 118 | 120 | 100 |
Getting a feel for the cost of living in Englewood is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Englewood is 137, which is 37% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
If affordability is among your top priorities when searching for a new place to live, this area may not be the ideal fit, as the cost of living in Englewood is among the most expensive in the United States. Just a minority of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Englewood falls into this category, which may not align with your goal of finding a budget-friendly living environment.
Housing costs are a very significant part of the Englewood cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 100.4% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Is Englewood 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 Englewood is 117.4% higher than the national average, while the average monthly rent prices are 60.9% higher than average. The affordability of any location can also be influenced by median income levels. Englewood has a median household income of $130,299, which is 60.2% higher than the national average.
Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.
Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Englewood, the transportation index is 13.9% 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.
The cost of living estimates displayed for Englewood are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $187,544 | $15,629 | $4,376 | $5,627 |
| Renters | $86,322 | $7,194 | $2,014 | $2,590 |
| 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% |
| Newark, NJ | 290,764 | 120 | 19.8% |
| Paterson, NJ | 149,118 | 122 | 21.5% |
| Englewood, NJ | 29,019 | 137 | 37.4% |
| City | Population | Cost of Living Index | National Avg. |
| Harrison, NY | 29,018 | 200 | 100.1% |
| Temescal Valley, CA | 29,022 | 158 | 58.0% |
| Eagle, ID | 29,040 | 137 | 37.4% |
| Jeffersontown, KY | 29,051 | 99 | 1.2% |
| Aberdeen, SD | 29,054 | 96 | 4.0% |
| Englewood, NJ | 29,019 | 137 | 37.4% |
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