Cost of living in Cliffside Park research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Cliffside Park is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New Jersey, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Cliffside Park is 152, with 100 being the average.
The cost of living index in Cliffside Park is 1.5x higher than the national average.
Cliffside Park ranks as the #202 cheapest in New Jersey out of 251.
Cliffside Park ranks as the #5,876 cheapest out of 6,412 in the US.
The median home value in Cliffside Park is $470,500.
The median income in Cliffside Park is $89,387.
According to the most recent data on the cost of living, Cliffside Park has an overall cost of living index of 152, which is 1.5x higher than the national index of 100.
Compared to New Jersey, Cliffside Park has a cost of living index that's 1.4x higher than New Jersey's index of 111.
The standard of living in Cliffside Park ranks as #202 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Cliffside Park ranks as the #49 most expensive place in the Garden State.
For more reading on life in Cliffside Park, check out:
Six factors go into calculating the cost of living index in Cliffside Park. Here is how it fairs on each of the criteria:
The Services index in Cliffside Park is 131.
The Groceries index in Cliffside Park is 149.
The Health index in Cliffside Park is 109.
The Housing index in Cliffside Park is 199.
The Transportation index in Cliffside Park is 134.
The Utilities index in Cliffside Park is 99.
Living Expense | Cliffside Park | New Jersey | National Average | |
---|---|---|---|---|
Overall | 152 | 111 | 100 | |
Services | 131 | 104 | 100 | |
Groceries | 149 | 104 | 100 | |
Health | 109 | 95 | 100 | |
Housing | 199 | 130 | 100 | |
Transportation | 134 | 106 | 100 | |
Utilities | 99 | 108 | 100 |
Housing swings affordability the most between places in New Jersey, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Cliffside Park is $470,500.
The Median Rent in Cliffside Park is $1,586.
The Median Income in Cliffside Park is $89,387.
The Home Value To Income in Cliffside Park is 5.3x.
The Rent To Monthly Income in Cliffside Park is 0.21x.
Statistic | Cliffside Park | New Jersey | United States |
---|---|---|---|
Median Home Value | $470,500 | $355,700 | $244,900 |
Median Rent | $1,586 | $1,436 | $1,163 |
Median Income | $89,387 | $89,703 | $69,021 |
Home Value To Income | 5.3x | 4.0x | 3.5x |
Rent To Monthly Income | 0.21x | 0.19x | 0.2x |
Item | Cliffside Park | New Jersey |
---|---|---|
Shampoo | $1.67 | $1.06 |
Movie | $16.31 | $10.68 |
Bowling | $20.49 | $14.67 |
Haircut | $23.25 | $18.62 |
Beauty Salon | $60.79 | $39.05 |
Item | Cliffside Park | New Jersey |
---|---|---|
Ground Beef | $6.4 | $4.22 |
Fried Chicken | $2.65 | $1.39 |
Milk | $3.11 | $2.05 |
Potatoes | $4.16 | $3.29 |
Pizza | $12.33 | $10.62 |
Beer | $12.01 | $9.38 |
Toothpaste | $4.42 | $2.34 |
Item | Cliffside Park | New Jersey |
---|---|---|
Optometrist | $108.08 | $108.57 |
Doctor | $106.72 | $116.17 |
Dentist | $124.43 | $99.13 |
Item | Cliffside Park | New Jersey |
---|---|---|
Gasoline | $2.62 | $2.22 |
Tire Balancing | $80.22 | $50.07 |
Item | Cliffside Park | New Jersey |
---|---|---|
All Electricity | $157.7 | $167.67 |
Phone | $189.52 | $175.64 |
The cost of living varies in the cities and towns around Cliffside Park. Here's a quick look at the cost of living in the most populous nearby places:
West New York, NJ has a cost of living index of 138, 0.9x Cliffside Park.
Fort Lee, NJ has a cost of living index of 141, 0.9x Cliffside Park.
Palisades Park, NJ has a cost of living index of 162, 1.1x Cliffside Park.
City | Population | Cost Of Living | Vs. Cliffside Park |
---|---|---|---|
West New York, NJ | 52,485 | 138 | 0.9x |
Fort Lee, NJ | 39,701 | 141 | 0.9x |
Palisades Park, NJ | 20,291 | 162 | 1.1x |
Woodmere, NY | 17,267 | 176 | 1.2x |
Port Washington, NY | 16,807 | 185 | 1.2x |
North New Hyde Park, NY | 15,125 | 170 | 1.1x |
Fairview, NJ | 14,918 | 140 | 0.9x |
Edgewater, NJ | 14,234 | 171 | 1.1x |
Ridgefield Park, NJ | 13,202 | 141 | 0.9x |
Guttenberg, NJ | 11,833 | 137 | 0.9x |