Cost of Living in Great Notch, NJ

Population 3,898 · New Jersey · Data vintage 2023

165
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Home prices in Great Notch run well above the national baseline, with a median of $556,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $151,705 place the city among the better-paid New Jersey metros. Unemployment has stayed elevated relative to the national figure — 10.4% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Located <5 miles southwest of Paterson, Great Notch falls within that metro's commuting orbit. Median home values run roughly 66% higher than Paterson's $335,000.

Cost Overview

Housing 182
Rent 139

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

About the Cost of Living in Great Notch

The median home value in Great Notch is $556,300 — 82% above the national median of $305,000. Median rent runs $1,826/month, 39% higher than the national median of $1,314/month. The median household income of $151,705/year is 103% higher than the US median of $74,580. The local unemployment rate is 10.4%, 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 62.4°F and lows of 43.8°F. Overall, Great Notch has a cost of living index of 165 versus the US average of 100, meaning it is 65% more expensive.

🏠 Housing

Median Home Value
$556,300
82% above avg
Median Rent
$1,826/mo
39% above avg
Price-to-Rent Ratio
25.4x
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 78.2%
Renter-occupied 21.8%

💰 Estimated Monthly Budget

Rent median rent
$1,826
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,440/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
30.3 min
12% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
13.6%

Commute Mode

Drove alone
75.9%
Carpooled
1.9%
Public transit
6.4%
Work from home
13.6%

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
$151,705
103% above avg
Per Capita Income
$79,406
Unemployment Rate
10.4%
117% above avg
Poverty Rate
1.4%
Labor Force Participation
72.2%

🎓 Education

Bachelor's degree+ 34.0%
Graduate degree 22.1%

👥 Demographics

Median Age 52.8
Male median age 50.1
Female median age 54.3

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
62.4°F
Avg Low
43.8°F
Annual Precip
44.9"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 384149627281858476655343
Low °F 232431415160666457453528
Precip" 3.042.554.073.713.394.274.334.493.723.973.304.04

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 42 — Good
68.3%
Good air days/yr
199
Max AQI recorded
220
PM2.5 days
133
Ozone days

Frequently Asked Questions

What is the cost of living in Great Notch, NJ?

Great Notch has a cost index of 165 (100 = national average). It is 65% above the national average.

What is average rent in Great Notch, NJ?

The median gross rent in Great Notch is $1,826 per month based on 2023 Census data.

What is the average home price in Great Notch?

The median home value in Great Notch is $556,300 according to 2023 Census ACS data.

What is the median income in Great Notch?

The median household income in Great Notch is $151,705 per year (2023 ACS 5-year estimates).

What is the sales tax in Great Notch, NJ?

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

Is Great Notch, NJ affordable?

Great Notch is above average in cost of living, with an index of 165 — about 65% higher than the national average.

What is the weather like in Great Notch?

Great Notch has average high temperatures of 62.4°F and average lows of 43.8°F. Annual precipitation is 44.9". Data from NOAA 1991–2020 Climate Normals.

Great Notch at a Glance

Population
3,898
Median Income
$151,705
Home Value
$556,300
Median Rent
$1,826/mo
Unemployment
10.4%
Avg High Temp
62.4°F
Sales Tax
6.6%
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🗺️ County data for New Jersey

Explore county-level cost of living data

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