Data / Cost of living (regional price parity) / New Jersey

Cost of living (regional price parity) in New Jersey

Cost of living (regional price parity) in New Jersey was 108.8 index in 2024, according to the U.S. Bureau of Economic Analysis. That is down 0.1 from 2023. That is the 4th highest of 51 states in 2024.

2024, index108.8
Change on 2023-0.1
Rank4th of 51US states ranked
Series high111.22019
Series low107.62008

Cost of living (regional price parity) in New Jersey, 2008 to 2024

CSVChart (SVG)

1071081091101111122008201120142017202020242008: 107.6 index2009: 111 index2010: 108.8 index2011: 109.2 index2012: 109.3 index2013: 108.8 index2014: 109 index2015: 109 index2016: 109.1 index2017: 109.3 index2018: 111 index2019: 111.2 index2020: 110.7 index2021: 109.2 index2022: 108.8 index2023: 108.9 index2024: 108.8 index
index. Source: BEA. Retrieved 2026-10-09, published 2026-02-19.
All 17 values
Periodindex
2024108.8
2023108.9
2022108.8
2021109.2
2020110.7
2019111.2
2018111
2017109.3
2016109.1
2015109
2014109
2013108.8
2012109.3
2011109.2
2010108.8
2009111
2008107.6

Compared with United States

Place2024
New Jersey108.8
United States100

Rankings

Definition

Regional price parity for all items: the average price level of goods and services in a state, including housing rents, as a percentage of the national price level (United States = 100). A value of 110 means prices are 10% above the US average.

Compares price levels across places in the same year; it is not inflation. Each year is benchmarked to that year's national average, so a change over time shows a state moving relative to the US, not prices rising.

How to cite

U.S. Bureau of Economic Analysis. SARPP: regional price parities by state, all items (United States = 100). https://apps.bea.gov/regional/zip/SARPP.zip. Retrieved 2026-10-09.

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Questions

What is the cost of living in New Jersey?

Cost of living (regional price parity) in New Jersey was 108.8 index in 2024, according to the U.S. Bureau of Economic Analysis. That is down 0.1 from 2023. That is the 4th highest of 51 states in 2024.

Where does this figure come from?

U.S. Bureau of Economic Analysis. SARPP: regional price parities by state, all items (United States = 100). Retrieved by Invokely on 2026-10-09.

What was the highest cost of living in New Jersey?

111.2 index in 2019, the highest value since 2008 in this series.

More statistics for New Jersey

All statistics for New Jersey