Cost of Living in New Jersey
Living cost indices for New Jersey vs national average. Source: BLS / ACCRA 2022
ACCRA Cost of Living Index · Data as of 2022 · Updated annually
125.1
Overall Cost of Living Index
+25.1% above national avg
National average = 100
🏠
169
Housing Index
🛒
115
Groceries Index
🏥
112.5
Healthcare Index
🚗
113
Transportation Index
Cost of Living in New Jersey
New Jersey has an overall cost of living index of 125.1, which is +25.1% above national avg. Housing is the biggest factor at an index of 169 (national average = 100).
The cost of living index compares prices for consumer goods and services across US states. An index above 100 means living costs are higher than the national average; below 100 means lower.
Category Breakdown
- Housing (169): Above national average for home prices and rent.
- Groceries (115): Food costs are higher than the US average.
- Healthcare (112.5): Medical costs are higher than national norms.
- Transportation (113): Gas, insurance, and transit costs are higher than average.
Data Source
Cost of living data from the Missouri Economic Research and Information Center (MERIC) and ACCRA Cost of Living Index 2022, public data.