River Edge, NJ Cost Of Living

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

Cost Of Living In River Edge, NJ Summary

Cost of living in River Edge 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 River Edge 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 River Edge is 155, with 100 being the average.

  • The cost of living index in River Edge is 1.6x higher than the national average.

  • River Edge ranks as the #207 cheapest in New Jersey out of 251.

  • River Edge ranks as the #5,929 cheapest out of 6,412 in the US.

  • The median home value in River Edge is $549,500.

  • The median income in River Edge is $142,214.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
155
River Edge's Overall Cost Of Living
1.6x
Higher Than The National Average

What is the cost of living in River Edge, NJ?

According to the most recent data on the cost of living, River Edge has an overall cost of living index of 155, which is 1.6x higher than the national index of 100.

Compared to New Jersey, River Edge has a cost of living index that's 1.4x higher than New Jersey's index of 111.

The standard of living in River Edge ranks as #207 most affordable out of the 251 places we measured in New Jersey. By definition, that implies River Edge ranks as the #44 most expensive place in the Garden State.

For more reading on life in River Edge, check out:

207 out of 251
In New Jersey
5,929 out of 6,412
In America

River Edge Cost Of Living Vs. New Jersey

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

  • The Services index in River Edge is 131.

  • The Groceries index in River Edge is 149.

  • The Health index in River Edge is 112.

  • The Housing index in River Edge is 223.

  • The Transportation index in River Edge is 134.

  • The Utilities index in River Edge is 99.

Living Expense River Edge New Jersey National Average
Overall 155 111 100
Services 131 104 100
Groceries 149 104 100
Health 112 95 100
Housing 223 130 100
Transportation 134 106 100
Utilities 99 108 100
For more reading on cost of living around New Jersey, check out:
River Edge Cost of Living Vs. NJ

River Edge, 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 River Edge is $549,500.

  • The Median Rent in River Edge is $1,715.

  • The Median Income in River Edge is $142,214.

  • The Home Value To Income in River Edge is 3.9x.

  • The Rent To Monthly Income in River Edge is 0.14x.

Statistic River Edge New Jersey United States
Median Home Value $549,500 $355,700 $244,900
Median Rent $1,715 $1,436 $1,163
Median Income $142,214 $89,703 $69,021
Home Value To Income 3.9x 4.0x 3.5x
Rent To Monthly Income 0.14x 0.19x 0.2x
Search Homes For Sale In River Edge, NJ
$549,500
Median Home Value
$1,715
Median Rent
$142,214
Median Income

River Edge, NJ Costs By Category

Detailed River Edge Services Costs Vs. New Jersey

Item River Edge 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 River Edge Groceries Costs Vs. New Jersey

Item River Edge 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 River Edge Health Costs Vs. New Jersey

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

Detailed River Edge Transportation Costs Vs. New Jersey

Item River Edge New Jersey
Gasoline $2.62 $2.22
Tire Balancing $80.22 $50.07

Detailed River Edge Utilities Costs Vs. New Jersey

Item River Edge New Jersey
All Electricity $157.7 $167.67
Phone $189.52 $175.64

River Edge SnackAbility

10
/10
Overall SnackAbility
Jobs
9.5/10
Housing
9.5
Affordability
8
Diversity
9
Safety
9
Amenities
9
Education
10
Commute
4

Cost Of Living In Cities Around River Edge

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

  • Hackensack, NJ has a cost of living index of 134, 0.9x River Edge.

  • Bergenfield, NJ has a cost of living index of 141, 0.9x River Edge.

  • Paramus, NJ has a cost of living index of 159, 1.0x River Edge.

City Population Cost Of Living Vs. River Edge
Hackensack, NJ 45,723 134 0.9x
Bergenfield, NJ 28,282 141 0.9x
Paramus, NJ 26,650 159 1.0x
Mamaroneck, NY 19,989 165 1.1x
Dumont, NJ 17,965 143 0.9x
New Milford, NJ 16,912 147 0.9x
Port Washington, NY 16,807 185 1.2x
Maywood, NJ 10,049 147 0.9x
Bogota, NJ 8,830 140 0.9x
Oradell, NJ 8,236 168 1.1x

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