Montvale, NJ Cost Of Living
Cost Of Living In Montvale, NJ Summary
Cost of living in Montvale 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 Montvale 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 Montvale is 174, with 100 being the average.
The cost of living index in Montvale is 1.7x higher than the national average.
Montvale ranks as the #234 cheapest in New Jersey out of 251.
Montvale ranks as the #6,169 cheapest out of 6,412 in the US.
The median home value in Montvale is $657,800.
The median income in Montvale is $163,170.
Table Of Contents
Montvale's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Montvale, NJ?
According to the most recent data on the cost of living, Montvale has an overall cost of living index of 174, which is 1.7x higher than the national index of 100.
Compared to New Jersey, Montvale has a cost of living index that's 1.6x higher than New Jersey's index of 111.
The standard of living in Montvale ranks as #234 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Montvale ranks as the #17 most expensive place in the Garden State.
For more reading on life in Montvale, check out:
- Living In Montvale
- Montvale Crime Report
- Search Homes For Sale In Montvale, NJ
In New Jersey
In America
Montvale Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Montvale. Here is how it fairs on each of the criteria:
The Services index in Montvale is 131.
The Groceries index in Montvale is 149.
The Health index in Montvale is 108.
The Housing index in Montvale is 283.
The Transportation index in Montvale is 134.
The Utilities index in Montvale is 98.
| Living Expense | Montvale | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 174 | 111 | 100 | |
| Services | 131 | 104 | 100 | |
| Groceries | 149 | 104 | 100 | |
| Health | 108 | 95 | 100 | |
| Housing | 283 | 130 | 100 | |
| Transportation | 134 | 106 | 100 | |
| Utilities | 98 | 108 | 100 | |
Montvale, 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 Montvale is $657,800.
The Median Rent in Montvale is $1,894.
The Median Income in Montvale is $163,170.
The Home Value To Income in Montvale is 4.0x.
The Rent To Monthly Income in Montvale is 0.14x.
| Statistic | Montvale | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $657,800 | $355,700 | $244,900 |
| Median Rent | $1,894 | $1,436 | $1,163 |
| Median Income | $163,170 | $89,703 | $69,021 |
| Home Value To Income | 4.0x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.14x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Montvale, NJ Costs By Category
Detailed Montvale Services Costs Vs. New Jersey
| Item | Montvale | 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 Montvale Groceries Costs Vs. New Jersey
| Item | Montvale | 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 Montvale Health Costs Vs. New Jersey
| Item | Montvale | New Jersey |
|---|---|---|
| Optometrist | $108.08 | $108.57 |
| Doctor | $106.72 | $116.17 |
| Dentist | $124.43 | $99.13 |
Detailed Montvale Transportation Costs Vs. New Jersey
| Item | Montvale | New Jersey |
|---|---|---|
| Gasoline | $2.62 | $2.22 |
| Tire Balancing | $80.22 | $50.07 |
Detailed Montvale Utilities Costs Vs. New Jersey
| Item | Montvale | New Jersey |
|---|---|---|
| All Electricity | $157.7 | $167.67 |
| Phone | $189.52 | $175.64 |
Montvale SnackAbility
/10
Cost Of Living In Cities Around Montvale
The cost of living varies in the cities and towns around Montvale. Here's a quick look at the cost of living in the most populous nearby places:
Eastchester, NY has a cost of living index of 163, 0.9x Montvale.
Mamaroneck, NY has a cost of living index of 165, 0.9x Montvale.
Nanuet, NY has a cost of living index of 145, 0.8x Montvale.
| City | Population | Cost Of Living | Vs. Montvale |
|---|---|---|---|
| Eastchester, NY | 20,636 | 163 | 0.9x |
| Mamaroneck, NY | 19,989 | 165 | 0.9x |
| Nanuet, NY | 19,624 | 145 | 0.8x |
| Pearl River, NY | 16,387 | 146 | 0.8x |
| Chestnut Ridge, NY | 10,211 | 140 | 0.8x |
| Hillsdale, NJ | 10,166 | 162 | 0.9x |
| Airmont, NY | 9,964 | 141 | 0.8x |
| Park Ridge, NJ | 8,987 | 165 | 0.9x |
| Upper Saddle River, NJ | 8,352 | 203 | 1.2x |
| Briarcliff Manor, NY | 7,587 | 175 | 1.0x |
