Most Expensive Cities in New Jersey

Most expensive cities in New Jersey (population > 5,000) ranked by cost of living index.

Data current as of September 2026. Sources: US Census Bureau, Zillow, HUD, BEA.

#	City	Cost Index	Income	Rent	Population
1	Short Hills	271	$250,001	$3,259/mo	14,398
2	Englewood Cliffs	247	$222,192	$3,501/mo	5,330
3	Rumson	243	$250,001	$2,351/mo	7,265
4	Franklin Lakes	240	$230,987	$3,334/mo	11,011
5	Upper Saddle River	236	$246,719	$3,501/mo	8,354
6	Fair Haven	223	$237,132	$3,500/mo	6,182
7	Little Silver	217	$220,746	$3,501/mo	6,096
8	Tenafly	215	$208,088	$3,143/mo	15,252
9	Old Tappan	212	$199,250	$3,241/mo	5,896
10	North Caldwell	212	$203,140	$3,250/mo	6,622
11	Mountainside	208	$210,100	$3,501/mo	6,967
12	Hoboken	196	$176,943	$2,819/mo	58,340
13	Princeton	195	$184,113	$2,448/mo	30,451
14	Blackwells Mills	195	$248,149	$3,148/mo	10,220
15	Packanack Lake	194	$196,343	$3,501/mo	6,126
16	Woodcliff Lake	193	$211,233	$2,629/mo	6,097
17	Roseland	192	$160,644	$3,293/mo	6,211
18	Troy Hills	190	$180,618	$3,250/mo	5,183
19	Florham Park	190	$147,714	$3,009/mo	13,134
20	Summit	189	$199,107	$2,308/mo	22,512
21	Upper Montclair	188	$250,001	$2,290/mo	12,279
22	Closter	187	$187,500	$2,651/mo	8,544
23	Paramus	186	$139,707	$2,845/mo	26,500
24	Watchung	186	$166,536	$2,571/mo	6,429
25	Chatham	185	$250,001	$2,251/mo	9,219
26	Belle Mead	183	$219,215	$2,645/mo	6,772
27	Waldwick	183	$155,526	$3,189/mo	10,090
28	Westfield	183	$212,700	$2,211/mo	30,760
29	Ridgewood	183	$217,250	$2,340/mo	26,076
30	Allendale	182	$156,992	$2,648/mo	6,820
31	Madison	180	$168,469	$2,248/mo	16,464
32	Pompton Plains	179	$113,661	$3,297/mo	10,766
33	Edgewater	179	$137,847	$2,645/mo	14,544
34	Towaco	179	$197,696	$2,726/mo	5,627
35	Bridgewater Center	173	$201,250	$2,637/mo	6,198
36	Cresskill	172	$173,293	$2,311/mo	9,101
37	Robertsville	171	$204,421	$2,605/mo	11,859
38	Morris Plains	171	$149,623	$2,686/mo	6,214
39	Glen Ridge	171	$248,016	$2,347/mo	7,827
40	Norwood	169	$164,766	$2,446/mo	5,668
41	Whippany	169	$153,725	$2,619/mo	8,862
42	Morganville	168	$134,911	$2,677/mo	5,544
43	Manasquan	167	$156,542	$1,655/mo	5,915
44	Pine Brook	167	$146,543	$2,360/mo	6,017
45	Yorketown	166	$163,375	$2,607/mo	7,265
46	Kinnelon	165	$178,102	$2,307/mo	9,971
47	Bernardsville	165	$231,006	$2,155/mo	7,871
48	Glen Rock	165	$210,369	$1,938/mo	12,082
49	Franklin Center	164	$138,643	$2,588/mo	5,770
50	Montvale	164	$183,664	$2,241/mo	8,625

See also: Cheapest Cities in New Jersey · New Jersey Overview