Highland Park, NJ Cost Of Living

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Updated: 2020-03-08
Highland Park'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 Highland Park is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Highland Park, NJ?

According to the most recent data on the cost of living, Highland Park has an overall cost of living index of 129 which is 1.3x higher than the national index of 100.

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

The standard of living in Highland Park ranks as #5220 most affordable out of the 6522 places we measured in New Jersey. By definition, that implies Highland Park ranks as the #1187 most expensive place in the Garden State.

Highland Park Cost Of Living Vs. New Jersey

Living Expense Highland Park New Jersey National Average
Overall 129 123 100
Services 114 111 100
Groceries 107 110 100
Health 104 102 100
Housing 175 158 100
Transportation 107 110 100
Utilities 104 100 100
For more reading on cost of living around New Jersey, check out:
Highland Park Cost of Living Vs. NJ

Highland Park, 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 Highland Park New Jersey United States
Median Home Value $362,600 $327,900 $204,900
Median Rent $1,427 $1,295 $1,023
Median Income $80,846 $79,363 $60,293
Home Value To Income 4.5x 4.1x 3.4x
Rent To Monthly Income 0.21x 0.2x 0.2x

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Cost Of Living In Cities Around Highland Park

City Population Cost Of Living Vs. Highland Park
New Brunswick, NJ 56,084 119 0.9x
Westfield, NJ 30,086 170 1.3x
Somerset, NJ 24,527 125 1.0x
South Plainfield, NJ 23,906 128 1.0x
South River, NJ 16,091 119 0.9x
Bradley Gardens, NJ 14,417 144 1.1x
Metuchen, NJ 13,858 136 1.1x
Middlesex, NJ 13,659 124 1.0x
New Providence, NJ 12,808 151 1.2x
Florham Park, NJ 11,672 162 1.3x

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