Little Ferry, NJ Cost Of Living
Cost Of Living In Little Ferry, NJ Summary
Cost of living in Little Ferry 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 Little Ferry 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 Little Ferry is 140, with 100 being the average.
The cost of living index in Little Ferry is 1.4x higher than the national average.
Little Ferry ranks as the #174 cheapest in New Jersey out of 251.
Little Ferry ranks as the #5,578 cheapest out of 6,412 in the US.
The median home value in Little Ferry is $361,800.
The median income in Little Ferry is $77,368.
Table Of Contents
Little Ferry's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Little Ferry, NJ?
According to the most recent data on the cost of living, Little Ferry has an overall cost of living index of 140, which is 1.4x higher than the national index of 100.
Compared to New Jersey, Little Ferry has a cost of living index that's 1.3x higher than New Jersey's index of 111.
The standard of living in Little Ferry ranks as #174 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Little Ferry ranks as the #77 most expensive place in the Garden State.
For more reading on life in Little Ferry, check out:
- Living In Little Ferry
- Little Ferry Crime Report
- Search Homes For Sale In Little Ferry, NJ
In New Jersey
In America
Little Ferry Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Little Ferry. Here is how it fairs on each of the criteria:
The Services index in Little Ferry is 135.
The Groceries index in Little Ferry is 146.
The Health index in Little Ferry is 108.
The Housing index in Little Ferry is 166.
The Transportation index in Little Ferry is 130.
The Utilities index in Little Ferry is 99.
| Living Expense | Little Ferry | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 140 | 111 | 100 | |
| Services | 135 | 104 | 100 | |
| Groceries | 146 | 104 | 100 | |
| Health | 108 | 95 | 100 | |
| Housing | 166 | 130 | 100 | |
| Transportation | 130 | 106 | 100 | |
| Utilities | 99 | 108 | 100 | |
Little Ferry, 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 Little Ferry is $361,800.
The Median Rent in Little Ferry is $1,459.
The Median Income in Little Ferry is $77,368.
The Home Value To Income in Little Ferry is 4.7x.
The Rent To Monthly Income in Little Ferry is 0.23x.
| Statistic | Little Ferry | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $361,800 | $355,700 | $244,900 |
| Median Rent | $1,459 | $1,436 | $1,163 |
| Median Income | $77,368 | $89,703 | $69,021 |
| Home Value To Income | 4.7x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Little Ferry, NJ Costs By Category
Detailed Little Ferry Services Costs Vs. New Jersey
| Item | Little Ferry | 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 Little Ferry Groceries Costs Vs. New Jersey
| Item | Little Ferry | 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 Little Ferry Health Costs Vs. New Jersey
| Item | Little Ferry | New Jersey |
|---|---|---|
| Optometrist | $108.08 | $108.57 |
| Doctor | $106.72 | $116.17 |
| Dentist | $124.43 | $99.13 |
Detailed Little Ferry Transportation Costs Vs. New Jersey
| Item | Little Ferry | New Jersey |
|---|---|---|
| Gasoline | $2.62 | $2.22 |
| Tire Balancing | $80.22 | $50.07 |
Detailed Little Ferry Utilities Costs Vs. New Jersey
| Item | Little Ferry | New Jersey |
|---|---|---|
| All Electricity | $157.7 | $167.67 |
| Phone | $189.52 | $175.64 |
Little Ferry SnackAbility
/10
Cost Of Living In Cities Around Little Ferry
The cost of living varies in the cities and towns around Little Ferry. Here's a quick look at the cost of living in the most populous nearby places:
Palisades Park, NJ has a cost of living index of 162, 1.2x Little Ferry.
Mamaroneck, NY has a cost of living index of 165, 1.2x Little Ferry.
Port Washington, NY has a cost of living index of 185, 1.3x Little Ferry.
| City | Population | Cost Of Living | Vs. Little Ferry |
|---|---|---|---|
| Palisades Park, NJ | 20,291 | 162 | 1.2x |
| Mamaroneck, NY | 19,989 | 165 | 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 |
| Ridgefield Park, NJ | 13,202 | 141 | 1.0x |
| Hasbrouck Heights, NJ | 12,120 | 134 | 1.0x |
| Ridgefield, NJ | 11,477 | 155 | 1.1x |
| New Hyde Park, NY | 10,262 | 158 | 1.1x |
| Wood-Ridge, NJ | 9,865 | 136 | 1.0x |
