Cost of Living in The College of New Jersey, NJ

With a cost of living index of 112, The College of New Jersey, NJ is somewhat more expensive than average. Living here is 12% more expensive than the national average and 16% below the New Jersey state average of 128. The College of New Jersey is a small community of 4,103 residents.

The median household income in The College of New Jersey is $8,493, which is 89% lower than the national median of $75,149. Residents spend roughly 236% of household income on rent. This is well above the 30% affordability threshold, indicating a significant housing cost burden for many residents.

Everyday prices in the Trenton-Princeton, NJ (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 5 are priced lower 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.