|The cost of living in New Jersey (NJ) is higher than the nationwide average. The average yearly pay in New Jersey is $56,371.00, which is higher than the U.S. average annual salary by $9,629.00.
The consumer price index (CPI) of 241 in New Jersey is 7.59% higher than the U.S. city average CPI of 224.
This is calculated by averaging the information about the major
metropolitan areas of the state and not by taking the state cost
of living information directly. The factors in the calculation
include the average New Jersey annual salary, New Jersey
tax rates and the regional New Jersey consumer price index.