According to the most recent data on the cost of living, New Providence has an overall cost of living index of 151 which is 1.5x higher than the national index of 100.
Compared to only New Jersey, New Providence has a cost of living index that's 1.2x higher than New Jersey's index of 123.
The standard of living in New Providence ranks as #5858 most affordable out of the 6522 places we measured in New Jersey. By definition, that implies New Providence ranks as the #548 most expensive place in the Garden State.
|Living Expense||New Providence||New Jersey||National Average|
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.
|City||Population||Cost Of Living||Vs. New Providence||Westfield, NJ||30,086||170||1.1x||Summit, NJ||21,921||181||1.2x||Madison, NJ||16,042||164||1.1x||Bradley Gardens, NJ||14,417||144||1.0x||Short Hills, NJ||13,134||244||1.6x||Florham Park, NJ||11,672||162||1.1x||Martinsville, NJ||11,541||155||1.0x||Lincoln Park, NJ||10,339||130||0.9x||White Meadow Lake, NJ||9,383||127||0.8x||Chatham, NJ||8,881||171||1.1x|