Upper Montclair, NJ Cost Of Living

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

Cost Of Living In Upper Montclair, NJ Summary

Cost of living in Upper Montclair 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 Upper Montclair 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 Upper Montclair is 169, with 100 being the average.

  • The cost of living index in Upper Montclair is 1.7x higher than the national average.

  • Upper Montclair ranks as the #226 cheapest in New Jersey out of 251.

  • Upper Montclair ranks as the #6,112 cheapest out of 6,412 in the US.

  • The median home value in Upper Montclair is $797,400.

  • The median income in Upper Montclair is $235,637.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
169
Upper Montclair's Overall Cost Of Living
1.7x
Higher Than The National Average

What is the cost of living in Upper Montclair, NJ?

According to the most recent data on the cost of living, Upper Montclair has an overall cost of living index of 169, which is 1.7x higher than the national index of 100.

Compared to New Jersey, Upper Montclair has a cost of living index that's 1.5x higher than New Jersey's index of 111.

The standard of living in Upper Montclair ranks as #226 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Upper Montclair ranks as the #25 most expensive place in the Garden State.

For more reading on life in Upper Montclair, check out:

226 out of 251
In New Jersey
6,112 out of 6,412
In America

Upper Montclair Cost Of Living Vs. New Jersey

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

  • The Services index in Upper Montclair is 114.

  • The Groceries index in Upper Montclair is 106.

  • The Health index in Upper Montclair is 96.

  • The Housing index in Upper Montclair is 315.

  • The Transportation index in Upper Montclair is 110.

  • The Utilities index in Upper Montclair is 104.

Living Expense Upper Montclair New Jersey National Average
Overall 169 111 100
Services 114 104 100
Groceries 106 104 100
Health 96 95 100
Housing 315 130 100
Transportation 110 106 100
Utilities 104 108 100
For more reading on cost of living around New Jersey, check out:
Upper Montclair Cost of Living Vs. NJ

Upper Montclair, 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 Upper Montclair is $797,400.

  • The Median Rent in Upper Montclair is $2,241.

  • The Median Income in Upper Montclair is $235,637.

  • The Home Value To Income in Upper Montclair is 3.4x.

  • The Rent To Monthly Income in Upper Montclair is 0.11x.

Statistic Upper Montclair New Jersey United States
Median Home Value $797,400 $355,700 $244,900
Median Rent $2,241 $1,436 $1,163
Median Income $235,637 $89,703 $69,021
Home Value To Income 3.4x 4.0x 3.5x
Rent To Monthly Income 0.11x 0.19x 0.2x
Search Homes For Sale In Upper Montclair, NJ
$797,400
Median Home Value
$2,241
Median Rent
$235,637
Median Income

Upper Montclair, NJ Costs By Category

Detailed Upper Montclair Services Costs Vs. New Jersey

Item Upper Montclair New Jersey
Shampoo $1.0 $1.06
Movie $12.49 $10.68
Bowling $18.0 $14.67
Haircut $20.93 $18.62
Beauty Salon $36.53 $39.05

Detailed Upper Montclair Groceries Costs Vs. New Jersey

Item Upper Montclair New Jersey
Ground Beef $4.09 $4.22
Fried Chicken $1.79 $1.39
Milk $2.44 $2.05
Potatoes $3.25 $3.29
Pizza $11.36 $10.62
Beer $9.32 $9.38
Toothpaste $2.22 $2.34

Detailed Upper Montclair Health Costs Vs. New Jersey

Item Upper Montclair New Jersey
Optometrist $106.0 $108.57
Doctor $91.0 $116.17
Dentist $102.33 $99.13

Detailed Upper Montclair Transportation Costs Vs. New Jersey

Item Upper Montclair New Jersey
Gasoline $2.37 $2.22
Tire Balancing $54.12 $50.07

Detailed Upper Montclair Utilities Costs Vs. New Jersey

Item Upper Montclair New Jersey
All Electricity $178.53 $167.67
Phone $179.87 $175.64

Upper Montclair SnackAbility

6
/10
Overall SnackAbility
Jobs
8.5/10
Housing
10
Affordability
8
Diversity
8
Safety
N/A
Amenities
9
Education
10
Commute
1

Cost Of Living In Cities Around Upper Montclair

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

  • Clifton, NJ has a cost of living index of 128, 0.8x Upper Montclair.

  • Passaic, NJ has a cost of living index of 122, 0.7x Upper Montclair.

  • Nanuet, NY has a cost of living index of 145, 0.9x Upper Montclair.

City Population Cost Of Living Vs. Upper Montclair
Clifton, NJ 89,460 128 0.8x
Passaic, NJ 70,308 122 0.7x
Nanuet, NY 19,624 145 0.9x
Pearl River, NY 16,387 146 0.9x
Woodland Park, NJ 13,265 133 0.8x
Florham Park, NJ 12,655 165 1.0x
Suffern, NY 11,376 127 0.8x
Totowa, NJ 11,013 131 0.8x
Lincoln Park, NJ 10,877 124 0.7x
Chestnut Ridge, NY 10,211 140 0.8x

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