Tenafly, NJ, has a higher cost of living compared to the nationwide average. The overall cost of living index in Tenafly is 124, which is 24% higher than the average. This increase is driven by higher housing costs, which are 48% above the national average.
Tenafly, New Jersey, has a higher cost of living compared to the nationwide average. The housing index in Tenafly stands at 148, which is 48% higher than the national average. This means that housing costs in Tenafly are significantly more expensive, making it a key factor for those considering a move. Groceries in Tenafly also cost more, with an index of 120, indicating a 20% increase over the national average. This higher cost can impact monthly budgets for families and individuals.
Utilities in Tenafly are slightly above the national average, with an index of 105, representing a 5% increase. Transportation costs also reflect a higher expense, with an index of 115, which is 15% higher than the national average. Healthcare costs in Tenafly are 30% higher, with an index of 130, which can be a significant consideration for those planning to relocate. Miscellaneous costs, with an index of 110, show a 10% increase over the national average, adding to the overall higher cost of living in the area.
