Cost of Living in Troy Hills, NJ

Population 5,183 · New Jersey · Data vintage 2023

224
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Home prices in Troy Hills run well above the national baseline, with a median of $635,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $180,618 place the city among the better-paid New Jersey metros. An unemployment rate of 2.8% points to a labor market well on the tight side of the national distribution.

Troy Hills sits roughly 13 miles west of Paterson — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 89% higher than Paterson's $335,000.

Cost Overview

Housing 208
Rent 247

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

About the Cost of Living in Troy Hills

The median home value in Troy Hills is $634,600 — 108% above the national median of $305,000. Median rent runs $3,250/month, 147% higher than the national median of $1,314/month. The median household income of $180,618/year is 142% higher than the US median of $74,580. The local unemployment rate is 2.8%, 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 62.4°F and lows of 43.8°F. Overall, Troy Hills has a cost of living index of 224 versus the US average of 100, meaning it is 124% more expensive.

🏠 Housing

Median Home Value
$634,600
108% above avg
Median Rent
$3,250/mo
147% above avg
Price-to-Rent Ratio
16.3x
Favors buying
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 91.7%
Renter-occupied 8.3%

💰 Estimated Monthly Budget

Rent median rent
$3,250
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $3,864/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
33.4 min
24% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
21.6%

Commute Mode

Drove alone
65.4%
Carpooled
4.2%
Public transit
5.0%
Walked
3.4%
Work from home
21.6%

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
$180,618
142% above avg
Per Capita Income
$60,387
Unemployment Rate
2.8%
41% below avg
Poverty Rate
4.2%
Labor Force Participation
65.3%

🎓 Education

Bachelor's degree+ 28.6%
Graduate degree 33.7%

👥 Demographics

Median Age 46.7
Male median age 46.7
Female median age 46.9

🌤 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 37 — Good
86.5%
Good air days/yr
154
Max AQI recorded
39
PM2.5 days
311
Ozone days

Frequently Asked Questions

What is the cost of living in Troy Hills, NJ?

Troy Hills has a cost index of 224 (100 = national average). It is 124% above the national average.

What is average rent in Troy Hills, NJ?

The median gross rent in Troy Hills is $3,250 per month based on 2023 Census data.

What is the average home price in Troy Hills?

The median home value in Troy Hills is $634,600 according to 2023 Census ACS data.

What is the median income in Troy Hills?

The median household income in Troy Hills is $180,618 per year (2023 ACS 5-year estimates).

What is the sales tax in Troy Hills, NJ?

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

Is Troy Hills, NJ affordable?

Troy Hills is above average in cost of living, with an index of 224 — about 124% higher than the national average.

What is the weather like in Troy Hills?

Troy Hills 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.

Troy Hills at a Glance

Population
5,183
Median Income
$180,618
Home Value
$634,600
Median Rent
$3,250/mo
Unemployment
2.8%
Avg High Temp
62.4°F
Sales Tax
6.6%
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