Fort Lee, NJ Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Fort Lee, NJ Summary

Cost of living in Fort Lee 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 Fort Lee 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 Fort Lee is 141, with 100 being the average.

  • The cost of living index in Fort Lee is 1.4x higher than the national average.

  • Fort Lee ranks as the #179 cheapest in New Jersey out of 251.

  • Fort Lee ranks as the #5,616 cheapest out of 6,412 in the US.

  • The median home value in Fort Lee is $356,200.

  • The median income in Fort Lee is $92,456.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
141
Fort Lee's Overall Cost Of Living
1.4x
Higher Than The National Average

What is the cost of living in Fort Lee, NJ?

According to the most recent data on the cost of living, Fort Lee has an overall cost of living index of 141, which is 1.4x higher than the national index of 100.

Compared to New Jersey, Fort Lee has a cost of living index that's 1.3x higher than New Jersey's index of 111.

The standard of living in Fort Lee ranks as #179 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Fort Lee ranks as the #72 most expensive place in the Garden State.

For more reading on life in Fort Lee, check out:

179 out of 251
In New Jersey
5,616 out of 6,412
In America

Fort Lee Cost Of Living Vs. New Jersey

Six factors go into calculating the cost of living index in Fort Lee. Here is how it fairs on each of the criteria:

  • The Services index in Fort Lee is 132.

  • The Groceries index in Fort Lee is 148.

  • The Health index in Fort Lee is 109.

  • The Housing index in Fort Lee is 176.

  • The Transportation index in Fort Lee is 132.

  • The Utilities index in Fort Lee is 97.

Living Expense Fort Lee New Jersey National Average
Overall 141 111 100
Services 132 104 100
Groceries 148 104 100
Health 109 95 100
Housing 176 130 100
Transportation 132 106 100
Utilities 97 108 100
For more reading on cost of living around New Jersey, check out:
Fort Lee Cost of Living Vs. NJ

Fort Lee, NJ Housing Cost Breakdown

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 Fort Lee is $356,200.

  • The Median Rent in Fort Lee is $1,982.

  • The Median Income in Fort Lee is $92,456.

  • The Home Value To Income in Fort Lee is 3.9x.

  • The Rent To Monthly Income in Fort Lee is 0.26x.

Statistic Fort Lee New Jersey United States
Median Home Value $356,200 $355,700 $244,900
Median Rent $1,982 $1,436 $1,163
Median Income $92,456 $89,703 $69,021
Home Value To Income 3.9x 4.0x 3.5x
Rent To Monthly Income 0.26x 0.19x 0.2x
Search Homes For Sale In Fort Lee, NJ
$356,200
Median Home Value
$1,982
Median Rent
$92,456
Median Income

Fort Lee, NJ Costs By Category

Detailed Fort Lee Services Costs Vs. New Jersey

Item Fort Lee 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

Detailed Fort Lee Groceries Costs Vs. New Jersey

Item Fort Lee 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

Detailed Fort Lee Health Costs Vs. New Jersey

Item Fort Lee New Jersey
Optometrist $108.08 $108.57
Doctor $106.72 $116.17
Dentist $124.43 $99.13

Detailed Fort Lee Transportation Costs Vs. New Jersey

Item Fort Lee New Jersey
Gasoline $2.62 $2.22
Tire Balancing $80.22 $50.07

Detailed Fort Lee Utilities Costs Vs. New Jersey

Item Fort Lee New Jersey
All Electricity $157.7 $167.67
Phone $189.52 $175.64

Fort Lee SnackAbility

9
/10
Overall SnackAbility
Jobs
8.5/10
Housing
9
Affordability
4
Diversity
9.5
Safety
8
Amenities
10
Education
9
Commute
3

Cost Of Living In Cities Around Fort Lee

The cost of living varies in the cities and towns around Fort Lee. Here's a quick look at the cost of living in the most populous nearby places:

  • Englewood, NJ has a cost of living index of 147, 1.0x Fort Lee.

  • Cliffside Park, NJ has a cost of living index of 152, 1.1x Fort Lee.

  • Palisades Park, NJ has a cost of living index of 162, 1.1x Fort Lee.

City Population Cost Of Living Vs. Fort Lee
Englewood, NJ 29,129 147 1.0x
Cliffside Park, NJ 25,515 152 1.1x
Palisades Park, NJ 20,291 162 1.1x
Woodmere, NY 17,267 176 1.2x
Port Washington, NY 16,807 185 1.3x
North New Hyde Park, NY 15,125 170 1.2x
Fairview, NJ 14,918 140 1.0x
Edgewater, NJ 14,234 171 1.2x
Ridgefield Park, NJ 13,202 141 1.0x
Ridgefield, NJ 11,477 155 1.1x

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