Cost of Living in Allenwood, NJ

With a cost of living index of 139, Allenwood, NJ is a notably expensive place to live. Living here is 39% more expensive than the national average and 11% above the New Jersey state average of 128. Allenwood is a small community of 721 residents.

The median household income in Allenwood is $217,500, which is 189% higher than the national median of $75,149. While incomes are above average, they more than offset the higher cost of living.

Everyday prices in the New York-Newark-Jersey City, NY-NJ (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 6 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.