Cost of Living in Montvale, NJ
Population 8,625 · New Jersey · Data vintage 2023
(100 = US avg)
Housing in Montvale sits 126% above the national median — $689,000 for the typical home — but median household incomes near $183,664 (146% above the US figure) soften the blow that similar pricing creates in lower-wage metros.
Geographically, Montvale sits roughly 11 miles northeast of Paterson. Median home values run roughly 105% higher than Paterson's $335,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Montvale
The median home value in Montvale is $688,500 — 126% above the national median of $305,000. Median rent runs $2,241/month, 71% higher than the national median of $1,314/month. The median household income of $183,664/year is 146% higher than the US median of $74,580. The local unemployment rate is 4.4%, 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, Montvale has a cost of living index of 204 versus the US average of 100, meaning it is 104% more expensive.
Montvale has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 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 | 43 | 51 | 63 | 73 | 82 | 87 | 85 | 78 | 67 | 56 | 45 |
| Low °F | 26 | 27 | 34 | 44 | 53 | 63 | 69 | 67 | 60 | 48 | 38 | 31 |
| Precip" | 3.28 | 2.82 | 4.09 | 3.97 | 3.94 | 4.25 | 4.45 | 4.25 | 4.11 | 3.73 | 3.30 | 4.10 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Montvale, NJ?
Montvale has a cost index of 204 (100 = national average). It is 104% above the national average.
What is average rent in Montvale, NJ?
The median gross rent in Montvale is $2,241 per month based on 2023 Census data.
What is the average home price in Montvale?
The median home value in Montvale is $688,500 according to Zillow and Census data.
What is the median income in Montvale?
The median household income in Montvale is $183,664 per year (2023 ACS 5-year estimates).
What is the sales tax in Montvale, NJ?
The combined state and local sales tax rate in Montvale is 6.6%. The New Jersey state income tax top rate is 10.8%.
Is Montvale, NJ affordable?
Montvale is above average in cost of living, with an index of 204 — about 104% higher than the national average.
What is the weather like in Montvale?
Montvale 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.
Montvale at a Glance
- Population
- 8,625
- Median Income
- $183,664
- Home Value
- $688,500
- Median Rent
- $2,241/mo
- Unemployment
- 4.4%
- Avg High Temp
- 64.0°F
- Sales Tax
- 6.6%
Nearby Cities
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New Jersey Rankings
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