Cost of Living in Pennington, NJ

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F
55%
Overall NAT. AVG.
8%
Groceries NAT. AVG.
160%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Pennington New Jersey National
Cost of living155125100
Groceries108108100
Health care109112100
Housing260157100
Transportation110114100
Utilities108111100
Lifestyle & Entertainment114113100
Household Items105107100
Education & Childcare118120100
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Homes For Sale In Pennington, NJ

property for sale

57 Diverty Rd

Pennington, NJ
property for sale

50 Harb Woodsville Rd

Pennington, NJ
property for sale

17 Miller Cir

Pennington, NJ
property for sale

246 Brinley Dr

Pennington, NJ

Cost Of Living Quick Facts

  • The cost of living in Pennington is 24% higher than the New Jersey average
  • The cost of living in Pennington is 55% higher than the national average
  • Pennington housing is 160% higher than the national average
  • New Jersey general sales tax is 30% higher than the national average
  • New Jersey state income tax is 46% lower than the national average

Most Affordable Places to Live in and Around Pennington

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Compare Pennington, NJ Cost of Living

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      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$246,396$20,533$5,749$7,393
      Renters$94,290$7,858$2,200$2,829

      New Jersey Sales Tax

      State General Sales Tax With Max Surtax
      New Jersey 6.625% 12.625%

      New Jersey Income Tax

      State Income Tax (Low) Income Tax (High)
      New Jersey 1.4% 10.75%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Zarephath, NJ9811312.8%
      Newtown CDP, PA2588515.4%
      Morrisville CDP, PA896991.1%
      Trenton, NJ86,528991.0%
      Roebling, NJ4,2261010.9%
      Pennington, NJ2,64215554.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Townsend, DE2,64212524.7%
      Pembroke, GA2,642936.6%
      Mohawk, NY2,642937.5%
      Lakeview, OR2,643954.6%
      Shallowater, TX2,643990.6%
      Pennington, NJ2,64215554.8%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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