Cost of Living in Edgewater, NJ
Population 14,544 · New Jersey · Data vintage 2023
(100 = US avg)
Edgewater's housing market reflects its status as a high-earning metro: $723,000 for a typical home, 137% above the US median, paired with household incomes around $137,847 that put it in the upper third of the state.
Located 9 miles northeast of Jersey City, Edgewater falls within that metro's commuting orbit. Median home values run roughly 35% higher than Jersey City's $535,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Edgewater
The median home value in Edgewater is $723,400 — 137% above the national median of $305,000. Median rent runs $2,645/month, 101% higher than the national median of $1,314/month. The median household income of $137,847/year is 85% higher than the US median of $74,580. The local unemployment rate is 4.9%, 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 62.6°F and lows of 48.9°F, with about 29.8" of annual snowfall. Overall, Edgewater has a cost of living index of 223 versus the US average of 100, meaning it is 123% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 40 | 42 | 50 | 62 | 71 | 80 | 85 | 83 | 76 | 65 | 54 | 44 |
| Low °F | 28 | 30 | 36 | 46 | 55 | 64 | 70 | 69 | 62 | 51 | 42 | 34 |
| Precip" | 3.64 | 3.19 | 4.29 | 4.09 | 3.96 | 4.54 | 4.60 | 4.56 | 4.31 | 4.38 | 3.58 | 4.38 |
| Snow" | 8.8 | 10.1 | 5.0 | 0.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.5 | 4.9 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Edgewater, NJ?
Edgewater has a cost index of 223 (100 = national average). It is 123% above the national average.
What is average rent in Edgewater, NJ?
The median gross rent in Edgewater is $2,645 per month based on 2023 Census data.
What is the average home price in Edgewater?
The median home value in Edgewater is $723,400 according to Zillow and Census data.
What is the median income in Edgewater?
The median household income in Edgewater is $137,847 per year (2023 ACS 5-year estimates).
What is the sales tax in Edgewater, NJ?
The combined state and local sales tax rate in Edgewater is 6.6%. The New Jersey state income tax top rate is 10.8%.
Is Edgewater, NJ affordable?
Edgewater is above average in cost of living, with an index of 223 — about 123% higher than the national average.
What is the weather like in Edgewater?
Edgewater has average high temperatures of 62.6°F and average lows of 48.9°F. Annual precipitation is 49.5". Average annual snowfall is 29.8". Data from NOAA 1991–2020 Climate Normals.
Edgewater at a Glance
- Population
- 14,544
- Median Income
- $137,847
- Home Value
- $723,400
- Median Rent
- $2,645/mo
- Unemployment
- 4.9%
- Avg High Temp
- 62.6°F
- Sales Tax
- 6.6%
Nearby Cities
Explore county-level cost of living data
New Jersey Rankings
Similar Cost Cities
Cities in other states with comparable housing costs