Elizabeth, NJ Cost Of Living

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Updated: 2020-03-08
Elizabeth's Overall Cost Of Living
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Elizabeth is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Elizabeth, NJ?

According to the most recent data on the cost of living, Elizabeth has an overall cost of living index of 118 which is 1.2x higher than the national index of 100.

Compared to only New Jersey, Elizabeth has a cost of living index that's 1.0x lower than New Jersey's index of 123.

The standard of living in Elizabeth ranks as #4691 most affordable out of the 6522 places we measured in New Jersey. By definition, that implies Elizabeth ranks as the #1716 most expensive place in the Garden State.

Elizabeth Cost Of Living Vs. New Jersey

Living Expense Elizabeth New Jersey National Average
Overall 118 123 100
Services 115 111 100
Groceries 110 110 100
Health 97 102 100
Housing 133 158 100
Transportation 112 110 100
Utilities 105 100 100
For more reading on cost of living around New Jersey, check out:
Elizabeth Cost of Living Vs. NJ

Elizabeth, NJ Housing Cost Breakdown

Housing swings affordability the most between places in New Jersey, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Elizabeth New Jersey United States
Median Home Value $273,700 $327,900 $204,900
Median Rent $1,146 $1,295 $1,023
Median Income $46,975 $79,363 $60,293
Home Value To Income 5.8x 4.1x 3.4x
Rent To Monthly Income 0.29x 0.2x 0.2x

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Cost Of Living In Cities Around Elizabeth

City Population Cost Of Living Vs. Elizabeth
Newark, NJ 280,463 112 0.9x
Bayonne, NJ 65,300 124 1.1x
Linden, NJ 42,033 119 1.0x
Westfield, NJ 30,086 170 1.4x
Rahway, NJ 29,370 120 1.0x
Carteret, NJ 23,682 120 1.0x
Roselle, NJ 21,582 111 0.9x
Harrison, NJ 16,180 126 1.1x
Middlesex, NJ 13,659 124 1.1x
Roselle Park, NJ 13,568 120 1.0x

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