Cost of Living in Rumson, NJ

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F
139%
Overall NAT. AVG.
5%
Groceries NAT. AVG.
439%
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 Rumson New Jersey National
Cost of living239125100
Groceries105108100
Health care112112100
Housing539157100
Transportation114114100
Utilities109111100
Lifestyle & Entertainment113113100
Household Items107107100
Education & Childcare120120100
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Homes For Sale In Rumson, NJ

property for sale

22 1st St

Rumson, NJ
property for sale

181 Rumson Rd

Rumson, NJ
property for sale

48 Allen St

Rumson, NJ
property for sale

932 Navesink River Rd

Rumson, NJ

Cost Of Living Quick Facts

  • The cost of living in Rumson is 91% higher than the New Jersey average
  • The cost of living in Rumson is 139% higher than the national average
  • Rumson housing is 439% 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 Rumson

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Compare Rumson, NJ Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
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      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$347,689$28,974$8,112$10,432
      Renters$225,922$18,827$5,271$6,778
      The affordability of the housing market in Rumson, NJ as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Rumson homeowners, the median income is $347,689. This indicates that a monthly maximum of $8,112 should be spent by homeowners on all housing related costs. Renters have a median income of $225,922. This indicates that renters would have a maximum of $5,271 for their rent related monthly costs.

      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.
      Keansburg, NJ10,05011414.1%
      Cliffwood Beach, NJ3,09111919.4%
      North Middletown, NJ2,72312020.1%
      Laurence Harbor, NJ6,22812120.8%
      Keyport, NJ7,20912121.4%
      Rumson, NJ6,946239139.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Kingston, MA6,94613434.2%
      St. Rose, LA6,945909.8%
      Asbestos, QC6,948n/a 
      Allendale, NJ6,94317474.3%
      Eldridge, IA6,9411054.6%
      Rumson, NJ6,946239139.2%
      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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