Cost of Living in Upper Greenwood Lake, NJ

Population 3,621 · New Jersey · Data vintage 2023

130
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Upper Greenwood Lake sits on the smaller end of the New Jersey city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.

Geographically, Upper Greenwood Lake sits roughly 20 miles northwest of Paterson. Housing prices track closely with Paterson's $335,000 median.

Cost Overview

Housing 109
Rent 161

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

About the Cost of Living in Upper Greenwood Lake

The median home value in Upper Greenwood Lake is $331,400 — 9% above the national median of $305,000. Median rent runs $2,120/month, 61% higher than the national median of $1,314/month. The median household income of $124,297/year is 67% higher than the US median of $74,580. The local unemployment rate is 3.9%, 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 60.9°F and lows of 39.2°F. Overall, Upper Greenwood Lake has a cost of living index of 130 versus the US average of 100, meaning it is 30% more expensive.

🏠 Housing

Median Home Value
$331,400
9% above avg
Median Rent
$2,120/mo
61% above avg
Price-to-Rent Ratio
13.0x
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 88.8%
Renter-occupied 11.2%

💰 Estimated Monthly Budget

Rent median rent
$2,120
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,734/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
57.2 min
112% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
16.5%

Commute Mode

Drove alone
72.3%
Carpooled
8.5%
Public transit
2.7%
Work from home
16.5%

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
$124,297
67% above avg
Per Capita Income
$64,728
Unemployment Rate
3.9%
18% below avg
Poverty Rate
3.2%
Labor Force Participation
76.7%

🎓 Education

Bachelor's degree+ 27.7%
Graduate degree 11.1%

👥 Demographics

Median Age 41.7
Male median age 41.9
Female median age 41.5

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
60.9°F
Avg Low
39.2°F
Annual Precip
41"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 363948617180848275645141
Low °F 182027374756616051403124
Precip" 2.632.163.203.433.733.684.063.933.834.232.973.10

💨 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 Upper Greenwood Lake, NJ?

Upper Greenwood Lake has a cost index of 130 (100 = national average). It is 30% above the national average.

What is average rent in Upper Greenwood Lake, NJ?

The median gross rent in Upper Greenwood Lake is $2,120 per month based on 2023 Census data.

What is the average home price in Upper Greenwood Lake?

The median home value in Upper Greenwood Lake is $331,400 according to 2023 Census ACS data.

What is the median income in Upper Greenwood Lake?

The median household income in Upper Greenwood Lake is $124,297 per year (2023 ACS 5-year estimates).

What is the sales tax in Upper Greenwood Lake, NJ?

The combined state and local sales tax rate in Upper Greenwood Lake is 6.6%. The New Jersey state income tax top rate is 10.8%.

Is Upper Greenwood Lake, NJ affordable?

Upper Greenwood Lake is above average in cost of living, with an index of 130 — about 30% higher than the national average.

What is the weather like in Upper Greenwood Lake?

Upper Greenwood Lake has average high temperatures of 60.9°F and average lows of 39.2°F. Annual precipitation is 41". Data from NOAA 1991–2020 Climate Normals.

Upper Greenwood Lake at a Glance

Population
3,621
Median Income
$124,297
Home Value
$331,400
Median Rent
$2,120/mo
Unemployment
3.9%
Avg High Temp
60.9°F
Sales Tax
6.6%
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Explore county-level cost of living data

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