F
Overall 28%
Goods & Services 15%
Housing 67%
Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexHackensack RiverfrontJersey CityNew Jersey
Cost of living128141123
Goods & Services115136111
Groceries110142110
Health care97110102
Housing167165158
Transportation112128110
Utilities105111100

Key findings

  • The cost of living in Hackensack Riverfront is 4% higher than the Jersey City average
  • The cost of living in Hackensack Riverfront is 28% higher than the national average
  • Hackensack Riverfront housing is 67% higher than the national average
  • New Jersey general sales tax is 30% higher than the national average
  • New Jersey state income tax is 37% lower than the national average

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      Price difference in compared to
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      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Household$81,668$6,806$1,905$2,450

      New Jersey Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      New Jersey6.625%12.625%

      New Jersey Income Tax

      StateIncome Tax (Low)Income Tax (High)
      New Jersey1.4%10.75%

      Goods & Services

      ItemJersey CityNational avg.Difference
      Haircut $23.00$17.4931.5%
      Beauty Salon $60.52$38.1758.5%
      Toothpaste $4.40$2.3289.6%
      Shampoo $1.65$1.0163.1%
      Movie $16.32$10.7252.2%
      Bowling $20.40$13.8647.2%

      Groceries

      ItemJersey CityNational avg.Difference
      Ground Beef $6.45$3.9065.4%
      Fried Chicken $2.44$1.4074.8%
      Milk $2.76$1.9640.7%
      Potatoes $3.24$3.181.8%
      Pizza $12.30$10.3918.3%
      Beer $11.99$9.2329.9%

      Health Care

      ItemJersey CityNational avg.Difference
      Optometrist $108.08$106.341.6%
      Doctor $106.72$115.257.4%
      Dentist $124.43$98.3826.5%
      Ibuprofen $12.90$9.2639.3%
      Lipitor $442.91$466.475.1%

      Housing

      ItemJersey CityNational avg.Difference
      Home Price $331,300.00$184,700.0079.4%
      Avg. Mortgage Payment $7,820.38$1,273.32514.2%
      Apartment Rent $1,233.00$949.0029.9%

      Transportation

      ItemJersey CityNational avg.Difference
      Gasoline $2.81$2.598.4%
      Tire Balancing $80.22$48.9064.1%

      Utilities

      ItemJersey CityNational avg.Difference
      All Electricity$197.50$167.6017.8%
      Phone $186.69$163.4214.2%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City, StatePopulationCost of Living IndexNational Avg.
      East Orange, NJ64,62111111%
      Roselle, NJ21,50711111%
      Newark, NJ280,13911212%
      Silver Lake, NJ4,00711414%
      Paterson, NJ146,89411515%
      Jersey City, NJ261,66614141%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Fort Wayne, IN260,95484-16%
      Chula Vista, CA260,59813838%
      Orlando, FL263,30695-5%
      Buffalo, NY258,98983-17%
      St. Petersburg, FL253,58595-5%
      Jersey City, NJ261,66614141%
      Source: The Hackensack Riverfront, Jersey City, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.