Where New Jersey’s Household Expenses are the Highest in 2022

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How does living in the Yellowhammer state affect your wallet? doxo breaks down key insights about New Jersey’s household expenses, with a close eye to how bills differ in towns and cities across the state. The average household in New Jersey, doxo’s data reveals, pays $2,610 in bills per month.

doxo’s data also has infographics for 197 cities and towns across New Jersey, breaking down localized bill pay data figures as well. The state-wide rankings for most and least expensive cities provide insight into cost of living in New Jersey and how it changes according to location.

The data sheds light on New Jersey’s cost of living through other metrics, too. For example, the “percent of household income” data point shows what percentage of household income local residents spend on bills. doxo’s data also indicates how much more or less expensive specific cities are than the national and state average.

New Jersey residents pay $2,610 in household bills a month

The average New Jersey household pays $2,610 a month for the 10 most common household bills. This figure takes into account the 10 most common household bills, which are: Mortgage; Rent; Auto Loan; Utilities (electric, gas, water & sewer, and waste & recycling); Auto Insurance; Cable & Internet & Phone, Health Insurance (consumer paid portion); Mobile Phone; Alarm & Security; and Life Insurance.

New Jersey residents, overall, get a good deal on their bills: the state ranks 3rd out of 50 states in terms of average monthly spending. California ranks 2nd, with annual monthly expenses of $2,649, and Massachusetts ranks 4th, at $2,511.

New Jersey’s household expenses, on average, are 30.3% higher than the national average of $2,003.

Absolute dollar amounts don’t tell the full story, however. The “percentage of household income” metric provides a more proportional look at bill spending in a particular location. New Jersey households spend 36% of their income on household bills. For example, Connecticut is the 6th most expensive state and New York is the 7th most expensive, but New York residents spend 39% of their income on bills, while Connecticut residents spend only 35%. 

Annually, New Jersey residents pay $101 billion in household bills. See more data about bill pay in New Jersey by clicking on the infographic link below.

Data: doxoINSIGHTS’ bill pay infographic about New Jersey

  • Average Bill Cost per HH: $2,610 per month
  • State Bill Pay Market Size: $101 billion
  • doxoINSIGHTS State Rank: 3 out of 50
  • Percent of HHI Used for Bills: 36%
  • Difference from the National Average: 30.3% lower

Housing bill category drives New Jersey’s high monthly bill expenses

The average New Jersey household pays $2,610 in the 10 most common household bills per month. Rent and mortgage expenses don’t drive savings, with both being considerably higher than the national average. The average mortgage payment in New Jersey is $2,244, and average rent is $1,380, compared to the national average mortgage bill of $1,368 and rent bill of $1,129.

Other than housing-related expenses, auto loans are the most significant of the 10 most common bills for New Jersey residents. The average auto loan bill in New Jersey is $452 a month, compared to the national average of $433.

Compared to the national average, utilities are also a notably higher expense for residents of New Jersey. The average household in the state pays $450 a month for utilities, compared to the national average of $328.

Health insurance, by contrast, is more affordable in New Jersey. While US residents on average spend $93 per month on health insurance, in New Jersey they spend just $123.

Note: Health Insurance and Life Insurance expenses do not account for payments made by employers on behalf of employees. These just include out-of-pocket expenses. Also, the state and national bill totals take into account the percentage of households that pay a bill.

Average New Jersey Household Bill Spending

Bill Category Average New Jersey Monthly Bill National Average Monthly Bill New Jersey Percent +/- National Average ($2,003)
Mortgage $2,244 $1,368 64% higher
Rent $1,380 $1,129 22% higher
Auto Loan $452 $433 4% higher
Utilities $450 $328 37% higher
Auto Insurance $226 $196 15% higher
Cable & Internet $122 $114 7% higher
Health Insurance $93 $123 24% lower
Mobile Phone $117 $113 4% higher
Alarm & Security $91 $84 8% higher
Life Insurance $99 $82 21% higher
Total $2,610 $2,003 30.3% higher

Princeton tops the list of most expensive cities for New Jersey’s household bills

Residents of Princeton pay the highest household bills in the state of New Jersey, at an average of $3,689 per month. Ridgewood comes second in the rankings, with residents paying $3,661 on average per month.

In proportion to household income, however, Princeton’s bills are costlier than ones in Ridgewood. While Princeton’s monthly bill basket makes up 32% of average household income there, Ridgewood’s bill basket accounts for just 26% of average household income in that area.

Access detailed infographics about each city or town by clicking on the hyperlinks in the “City” column in the tables below. You can also browse doxoINSIGHTS’ regional bill comparison database to see infographics about more than 4,200 cities and towns across all 50 states in the US.

10 Most Expensive New Jersey Cities for Household Bills

Rank
(1-10 out of 197)
City Monthly Bill Expenses Per Household* Percent of Household Income Used for Bills  
1 Princeton $3,689 32%  
2 Ridgewood $3,661 26%  
3 Hoboken $3,575 31%  
4 Summit $3,568 31%  
5 Edgewater $3,505 39%  
6 South Orange $3,488 31%  
7 Maplewood $3,469 32%  
8 Chatham $3,465 23%  
9 Basking Ridge $3,438 28%  
10 Princeton Junction $3,437 21%  

*Household Bill Pay Expense averages shown above reflect the ten most common bills paid, including housing (rent/mortgage).

Manchester is the most affordable New Jersey city for household bills

Out of 197 cities and towns, Manchester is the most affordable place in New Jersey, with residents paying $1,380 on average for household bills. Household bills account for 31% of local income in Piedmont.

Camden comes in at the second most affordable town or city in New Jersey, with residents paying $1,690 per month on average.

Also on the list of 10 least expensive cities in New Jersey are Penns Grove ($1,935 per month), Pennsauken ($1,945 per month), and Cape May ($2,006 per month).

10 Most Affordable New Jersey Cities for Household Bills

Rank
(188-197 out of 197)
City Monthly Bill Expenses Per Household Percent of Household Income Used for Bills
188 Atlantic City $1,437 90%
189 Gloucester City $1,431 44%
190 Merchantville $1,423 36%
191 Pleasantville $1,381 60%
192 Browns Mills $1,353 37%
193 Cape May $1,328 36%
194 Pennsauken $1,323 35%
195 Penns Grove $1,322 47%
196 Camden $1,312 74%
197 Manchester Township $1,217 44%

In the wake of the rise of remote work, some individuals may be deciding whether to move from a more expensive city to a less expensive one. doxoINSIGHTS can be a valuable resource for consumers seeking to make key decisions like this, allowing them to compare New Jersey’s household expenses against average bills in different cities and states across the country. They can also usedoxoINSIGHTS’ regional bill comparison database to compare average costs for over 4000 towns and cities across the country.

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