Cost of Living in Englewood Cliffs, NJ

Population 5,330 · New Jersey · Data vintage 2023

349
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Englewood Cliffs's housing market is in a category of its own — median home values around $1.2 million sit roughly 4 times the US figure, reflecting a market driven as much by second-home and resort buyers as by year-round residents.

Englewood Cliffs sits roughly 6 miles southwest of Yonkers — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 158% higher than Yonkers' $478,000.

Cost Overview

Housing 404
Rent 266

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

About the Cost of Living in Englewood Cliffs

The median home value in Englewood Cliffs is $1,232,700 — 304% 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 $222,192/year is 198% higher than the US median of $74,580. The local unemployment rate is 4.5%, below 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, Englewood Cliffs has a cost of living index of 349 versus the US average of 100, meaning it is 249% more expensive.

🏠 Housing

Median Home Value
$1,232,700
304% above avg
Zillow Home Value
$306,043
Zillow ZHVI
Median Rent
$3,501/mo
166% above avg
Price-to-Rent Ratio
29.3x
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 83.8%
Renter-occupied 16.2%

💰 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
39.2 min
45% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
20.5%

Commute Mode

Drove alone
64.0%
Carpooled
9.2%
Public transit
6.3%
Work from home
20.5%

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
$222,192
198% above avg
Per Capita Income
$102,085
Unemployment Rate
4.5%
6% below avg
Poverty Rate
4.7%
Labor Force Participation
61.5%

🎓 Education

Bachelor's degree+ 32.1%
Graduate degree 44.9%

👥 Demographics

Median Age 49.9
Male median age 49.1
Female median age 52.1

🌤 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

Frequently Asked Questions

What is the cost of living in Englewood Cliffs, NJ?

Englewood Cliffs has a cost index of 349 (100 = national average). It is 249% above the national average.

What is average rent in Englewood Cliffs, NJ?

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

What is the average home price in Englewood Cliffs?

The median home value in Englewood Cliffs is $1,232,700 according to Zillow and Census data.

What is the median income in Englewood Cliffs?

The median household income in Englewood Cliffs is $222,192 per year (2023 ACS 5-year estimates).

What is the sales tax in Englewood Cliffs, NJ?

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

Is Englewood Cliffs, NJ affordable?

Englewood Cliffs is above average in cost of living, with an index of 349 — about 249% higher than the national average.

What is the weather like in Englewood Cliffs?

Englewood Cliffs 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.

Englewood Cliffs at a Glance

Population
5,330
Median Income
$222,192
Home Value
$1,232,700
Median Rent
$3,501/mo
Unemployment
4.5%
Avg High Temp
64.0°F
Sales Tax
6.6%
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