Cost of Living in Wanamassa, NJ

Population 4,344 · New Jersey · Data vintage 2023

159
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Wanamassa 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. The labor market has been unusually tight, with unemployment around 2.8% — below most comparable cities in the state.

Located 30 miles south of New York, Wanamassa falls within that metro's commuting orbit. Median home values run roughly 30% lower than New York's $752,000.

Cost Overview

Housing 173
Rent 140

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

About the Cost of Living in Wanamassa

The median home value in Wanamassa is $526,400 — 73% above the national median of $305,000. Median rent runs $1,836/month, 40% higher than the national median of $1,314/month. The median household income of $167,712/year is 125% 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 61.6°F and lows of 47.0°F, with about 25.9" of annual snowfall. Overall, Wanamassa has a cost of living index of 159 versus the US average of 100, meaning it is 59% more expensive.

🏠 Housing

Median Home Value
$526,400
73% above avg
Median Rent
$1,836/mo
40% above avg
Price-to-Rent Ratio
23.9x
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 88.6%
Renter-occupied 11.4%

💰 Estimated Monthly Budget

Rent median rent
$1,836
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,450/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
29.2 min
8% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
26.4%

Commute Mode

Drove alone
68.3%
Carpooled
0.6%
Public transit
1.4%
Work from home
26.4%

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
$167,712
125% above avg
Per Capita Income
$60,522
Unemployment Rate
2.8%
41% below avg
Poverty Rate
6.5%
Labor Force Participation
78.1%

🎓 Education

Bachelor's degree+ 38.5%
Graduate degree 28.1%

👥 Demographics

Median Age 43.4
Male median age 43.1
Female median age 44.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
61.6°F
Avg Low
47.0°F
Annual Precip
43.3"
Annual Snowfall
25.9"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 404249596878848276655445
Low °F 262734435362696861504032
Precip" 3.232.763.943.553.663.853.864.113.583.723.073.96
Snow" 7.58.64.30.60.00.00.00.00.00.00.44.5

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 39 — Good
85%
Good air days/yr
140
Max AQI recorded
0
PM2.5 days
247
Ozone days

Frequently Asked Questions

What is the cost of living in Wanamassa, NJ?

Wanamassa has a cost index of 159 (100 = national average). It is 59% above the national average.

What is average rent in Wanamassa, NJ?

The median gross rent in Wanamassa is $1,836 per month based on 2023 Census data.

What is the average home price in Wanamassa?

The median home value in Wanamassa is $526,400 according to 2023 Census ACS data.

What is the median income in Wanamassa?

The median household income in Wanamassa is $167,712 per year (2023 ACS 5-year estimates).

What is the sales tax in Wanamassa, NJ?

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

Is Wanamassa, NJ affordable?

Wanamassa is above average in cost of living, with an index of 159 — about 59% higher than the national average.

What is the weather like in Wanamassa?

Wanamassa has average high temperatures of 61.6°F and average lows of 47.0°F. Annual precipitation is 43.3". Average annual snowfall is 25.9". Data from NOAA 1991–2020 Climate Normals.

Wanamassa at a Glance

Population
4,344
Median Income
$167,712
Home Value
$526,400
Median Rent
$1,836/mo
Unemployment
2.8%
Avg High Temp
61.6°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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