Hoboken, NJ Cost of Living


8 Reviews



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How much do I need to live in Hoboken, New Jersey?
$12,300 / month
for a family, 127.8% more expensive than the national average A total of $147,600 for the year for a family.
$9,000 / month
for a single person, 88.8% more expensive than the national average A total of $108,000 for the year for a single person.

Hoboken cost of living score
139.5
More expensive
39.5% higher
than the US average
16.4% higher
than the New Jersey average
Hoboken, New Jersey gets a BestPlaces Cost of Living score of 139.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 39.5% higher than the U.S. average and 16.4% lower than the average for New Jersey.

Hoboken, NJ

Housing costs in Hoboken?
A typical home costs $770,400, which is 127.9% more expensive than the national average of $338,100 and 78.3% more expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Hoboken costs $3,090 per month, which is 116.1% more than the national average of $1,430 and 44.7% more than the state average of $1,710.

Can I afford Hoboken?
To live comfortably in Hoboken, New Jersey, a minimum annual income of $147,600 for a family, and $108,000 for a single person is recommended.

What does A.I. say about Hoboken?
Hoboken, NJ has an overall above average cost of living thanks largely in part to its high real estate values and tax rates when compared other places within New Jersey and the nation as a whole but can vary depending on neighborhood so one must shop around if they want the best deal available during their search for a place to call home here too.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesHobokenNew JerseyUnited States
    Unlock119.8100.0
  111.1  Unlock100.0
    Unlock96.9100.0
  246.3  Unlock100.0
    Unlock$432,100$338,100
  110.7  Unlock100.0
    Unlock127.7100.0
  112.8  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Hoboken
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Over 11 years ago

Great place to  More

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Over 14 years ago

Hoboken is one of those places that is still overlooked. With Brooklyn blowing up,why not live essentially the same subway-trip from Manhattan without paying city tax,  More

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Over 14 years ago

My kind of  More

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