| Index | Kinnelon | New Jersey | National |
| Cost of living | 169 | 125 | 100 |
| Groceries | 110 | 108 | 100 |
| Health care | 112 | 112 | 100 |
| Housing | 295 | 157 | 100 |
| Transportation | 120 | 114 | 100 |
| Utilities | 112 | 111 | 100 |
| Lifestyle & Entertainment | 112 | 113 | 100 |
| Household Items | 110 | 107 | 100 |
| Education & Childcare | 128 | 120 | 100 |
Knowing the cost of living in Kinnelon 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 Kinnelon stands at 169, marking it 69% higher than the national average.
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 Kinnelon 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, Kinnelon falls into this category, which may not align with your goal of finding a budget-friendly living environment.
When it comes to the cost of living in Kinnelon, 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 194.7% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.
The substantial and relentless rise in grocery prices definitely warrants some attention. Over the past two years, grocery expenses have escalated by more than 10%. Having said that, the situation in Kinnelon is even less favorable, with grocery prices here being 10.3% higher than the national average.
Is Kinnelon affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Kinnelon, the median home price is 226.8% higher than the national average and monthly rent prices are 119.7% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Kinnelon boasting a median household income of $222,750, 173.9% higher than the national average.
Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Kinnelon, healthcare costs are 11.9% higher than the national average.
Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday household expenses, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Kinnelon, the standard sales tax rate starts at 6.625%, and the income tax rates commence at 1.4%.
Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Kinnelon, the housing index is 194.7% higher than the national average.
The cost of living data for Kinnelon 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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| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $236,956 | $19,746 | $5,529 | $7,109 |
| Renters | $151,821 | $12,652 | $3,542 | $4,555 |
| 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. |
| Vernon Center, NJ | 1,518 | 103 | 3.2% |
| Victory Gardens, NJ | 1,654 | 108 | 7.7% |
| Franklin, NJ | 4,927 | 112 | 12.1% |
| Hamburg, NJ | 3,231 | 116 | 15.6% |
| East Orange, NJ | 66,655 | 115 | 15.1% |
| Kinnelon, NJ | 10,342 | 169 | 68.5% |
| City | Population | Cost of Living Index | National Avg. |
| Marina del Rey, CA | 10,341 | 219 | 118.8% |
| Harrisonville, MO | 10,343 | 90 | 9.6% |
| Citrus, CA | 10,339 | 151 | 51.4% |
| Vernon, TX | 10,347 | 83 | 16.6% |
| Berlin, NH | 10,336 | 88 | 11.7% |
| Kinnelon, NJ | 10,342 | 169 | 68.5% |
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