Hoboken, NJ Cost Of Living

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

Cost Of Living In Hoboken, NJ Summary

Cost of living in Hoboken 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 Hoboken 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 Hoboken is 182, with 100 being the average.

  • The cost of living index in Hoboken is 1.8x higher than the national average.

  • Hoboken ranks as the #239 cheapest in New Jersey out of 251.

  • Hoboken ranks as the #6,225 cheapest out of 6,412 in the US.

  • The median home value in Hoboken is $777,600.

  • The median income in Hoboken is $160,890.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
182
Hoboken's Overall Cost Of Living
1.8x
Higher Than The National Average

What is the cost of living in Hoboken, NJ?

According to the most recent data on the cost of living, Hoboken has an overall cost of living index of 182, which is 1.8x higher than the national index of 100.

Compared to New Jersey, Hoboken has a cost of living index that's 1.6x higher than New Jersey's index of 111.

The standard of living in Hoboken ranks as #239 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Hoboken ranks as the #12 most expensive place in the Garden State.

For more reading on life in Hoboken, check out:

239 out of 251
In New Jersey
6,225 out of 6,412
In America

Hoboken Cost Of Living Vs. New Jersey

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

  • The Services index in Hoboken is 131.

  • The Groceries index in Hoboken is 146.

  • The Health index in Hoboken is 108.

  • The Housing index in Hoboken is 300.

  • The Transportation index in Hoboken is 131.

  • The Utilities index in Hoboken is 97.

Living Expense Hoboken New Jersey National Average
Overall 182 111 100
Services 131 104 100
Groceries 146 104 100
Health 108 95 100
Housing 300 130 100
Transportation 131 106 100
Utilities 97 108 100
For more reading on cost of living around New Jersey, check out:
Hoboken Cost of Living Vs. NJ

Hoboken, 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 Hoboken is $777,600.

  • The Median Rent in Hoboken is $2,479.

  • The Median Income in Hoboken is $160,890.

  • The Home Value To Income in Hoboken is 4.8x.

  • The Rent To Monthly Income in Hoboken is 0.18x.

Statistic Hoboken New Jersey United States
Median Home Value $777,600 $355,700 $244,900
Median Rent $2,479 $1,436 $1,163
Median Income $160,890 $89,703 $69,021
Home Value To Income 4.8x 4.0x 3.5x
Rent To Monthly Income 0.18x 0.19x 0.2x
Search Homes For Sale In Hoboken, NJ
$777,600
Median Home Value
$2,479
Median Rent
$160,890
Median Income

Hoboken, NJ Costs By Category

Detailed Hoboken Services Costs Vs. New Jersey

Item Hoboken 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 Hoboken Groceries Costs Vs. New Jersey

Item Hoboken 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 Hoboken Health Costs Vs. New Jersey

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

Detailed Hoboken Transportation Costs Vs. New Jersey

Item Hoboken New Jersey
Gasoline $2.62 $2.22
Tire Balancing $80.22 $50.07

Detailed Hoboken Utilities Costs Vs. New Jersey

Item Hoboken New Jersey
All Electricity $157.7 $167.67
Phone $189.52 $175.64

Hoboken SnackAbility

10
/10
Overall SnackAbility
Jobs
9/10
Housing
10
Affordability
6
Diversity
8.5
Safety
8
Amenities
10
Education
9
Commute
3

Cost Of Living In Cities Around Hoboken

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

  • West New York, NJ has a cost of living index of 138, 0.8x Hoboken.

  • Kearny, NJ has a cost of living index of 124, 0.7x Hoboken.

  • Cliffside Park, NJ has a cost of living index of 152, 0.8x Hoboken.

City Population Cost Of Living Vs. Hoboken
West New York, NJ 52,485 138 0.8x
Kearny, NJ 41,790 124 0.7x
Cliffside Park, NJ 25,515 152 0.8x
Secaucus, NJ 21,439 152 0.8x
Woodmere, NY 17,267 176 1.0x
Port Washington, NY 16,807 185 1.0x
North New Hyde Park, NY 15,125 170 0.9x
Fairview, NJ 14,918 140 0.8x
Guttenberg, NJ 11,833 137 0.8x
Ridgefield, NJ 11,477 155 0.9x

Articles About New Jersey

Enjoy The Snack?