Cost of Living in Lake Telemark, NJ

With a cost of living index of 114, Lake Telemark, NJ is somewhat more expensive than average. Living here is 14% more expensive than the national average and 14% below the New Jersey state average of 128. Lake Telemark is a small community of 1,519 residents.

The median household income in Lake Telemark is $107,065, which is 42% 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.