Cost of Living in Cedar Glen West, NJ

With a cost of living index of 64, Cedar Glen West, NJ is one of the most affordable cities in the country. Living here is 36% cheaper than the national average and 64% below the New Jersey state average of 128. Cedar Glen West is a small community of 1,654 residents.

Housing costs are the biggest factor in Cedar Glen West's cost of living. The median monthly rent is $625 (53% below the US median of $1,319), and the median home value sits at $67,400 (78% below the national median of $304,900). At current prices, the median home costs roughly 1x the median household income — well within traditional affordability guidelines.

The median household income in Cedar Glen West is $66,313, which is 12% lower than the national median of $75,149. Residents spend roughly 11% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

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.