Cost of Living in Demarest, NJ

Population 4,916 · New Jersey · Data vintage 2023

296
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing in Demarest sits 217% above the national median — $965,000 for the typical home — but median household incomes near $175,078 (135% above the US figure) soften the blow that similar pricing creates in lower-wage metros.

Located 5 miles west of Yonkers, Demarest falls within that metro's commuting orbit. Median home values run roughly 102% higher than Yonkers' $478,000.

Cost Overview

Housing 317
Rent 266

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Demarest

The median home value in Demarest is $965,400 — 217% above the national median of $305,000. Median rent runs $3,501/month, 166% higher than the national median of $1,314/month. The median household income of $175,078/year is 135% higher than the US median of $74,580. The local unemployment rate is 5.9%, above the national average of 4.8%. New Jersey's top state income tax rate is 10.8% and the combined sales tax is 6.6%. The climate averages highs of 64.0°F and lows of 46.7°F. Overall, Demarest has a cost of living index of 296 versus the US average of 100, meaning it is 196% more expensive.

🏠 Housing

Median Home Value
$965,400
217% above avg
Zillow Home Value
$204,572
Zillow ZHVI
Median Rent
$3,501/mo
166% above avg
Price-to-Rent Ratio
23.0x
Favors renting
Property Tax Rate
2.5%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,474
1 BR
$1,654
2 BR
$2,040
3 BR
$2,550
4 BR
$2,885
Owner-occupied 89.7%
Renter-occupied 10.3%

💰 Estimated Monthly Budget

Rent median rent
$3,501
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $4,115/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
45.8 min
70% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
20.0%

Commute Mode

Drove alone
58.8%
Carpooled
8.3%
Public transit
8.5%
Work from home
20.0%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 10.8%
Total Sales Tax 6.6%
State rate 6.6%
Avg local rate -0.0%
Property Tax 2.5%

💼 Income & Employment

Median Household Income
$175,078
135% above avg
Per Capita Income
$106,410
Unemployment Rate
5.9%
23% above avg
Poverty Rate
0.8%
Labor Force Participation
64.5%

🎓 Education

Bachelor's degree+ 38.2%
Graduate degree 36.5%

👥 Demographics

Median Age 45.9
Male median age 46.6
Female median age 45.4

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
64.0°F
Avg Low
46.7°F
Annual Precip
46.3"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 404351637382878578675645
Low °F 262734445363696760483831
Precip" 3.282.824.093.973.944.254.454.254.113.733.304.10

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 48 — Good
55.9%
Good air days/yr
197
Max AQI recorded
245
PM2.5 days
91
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

98%
4-Year Graduation Rate
9.4:1
Student-teacher ratio
6
Public schools
2,867
Total enrollment

Frequently Asked Questions

What is the cost of living in Demarest, NJ?

Demarest has a cost index of 296 (100 = national average). It is 196% above the national average.

What is average rent in Demarest, NJ?

The median gross rent in Demarest is $3,501 per month based on 2023 Census data.

What is the average home price in Demarest?

The median home value in Demarest is $965,400 according to Zillow and Census data.

What is the median income in Demarest?

The median household income in Demarest is $175,078 per year (2023 ACS 5-year estimates).

What is the sales tax in Demarest, NJ?

The combined state and local sales tax rate in Demarest is 6.6%. The New Jersey state income tax top rate is 10.8%.

Is Demarest, NJ affordable?

Demarest is above average in cost of living, with an index of 296 — about 196% higher than the national average.

What is the weather like in Demarest?

Demarest has average high temperatures of 64.0°F and average lows of 46.7°F. Annual precipitation is 46.3". Data from NOAA 1991–2020 Climate Normals.

Demarest at a Glance

Population
4,916
Median Income
$175,078
Home Value
$965,400
Median Rent
$3,501/mo
Unemployment
5.9%
Avg High Temp
64.0°F
Sales Tax
6.6%
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