USLivingCost Salaries · Rent · Cost of Living

Jersey City, NJ vs. Yonkers, NY

Median rent is $1,902 a month in Jersey City, NJ and $1,730 in Yonkers, NY. Household income is $94,813 against $81,816. Both cities are read from the same ACS 2019-2023 5-Year Estimates and the same BEA Regional Price Parities 2023, so the two columns below are directly comparable.

$
Same standard of living
A salary of $100,000 in Jersey City, NJ buys what $98,846 buys in Yonkers, NY
-$1,154 less to keep the same standard of living
Median gross rent Monthly
$1,902 $1,730 -9.0%
Median household income Annual
$94,813 $81,816 -13.7%
Median home value Owner-occupied
$534,500 $478,000 -10.6%
Rent as share of income Annual rent ÷ income
24.1% 25.4% 1.3 pp
Price level U.S. average = 100
108.9 107.6 -1.2%
Salary needed for median rent Keeps rent at 30% of gross
$76,100 $69,200 -9.1%
Rent median income carries at 30% Affordable rent
$2,370 $2,045 -13.7%
Population City proper
289,691 209,529 -27.7%
Equivalent salary For $100,000 in Jersey City
$100,000 $98,846 -1.2%

A green or red badge means the second city is higher or lower, not better or worse: a lower rent is good for a tenant, a lower household income is not. For the price level and
the share of income the raw values are shown, because a percentage difference between two
percentages is easy to misread.

What the gap means

Lower rent
$1,730
Yonkers, NY · 9.9% below Jersey City, NJ
Higher household income
$94,813
Jersey City, NJ · 15.9% above Yonkers, NY
Same standard of living
$98,846
$100,000 in Jersey City, NJ needs $98,846 in Yonkers, NY
Price level gap
1.3 points
108.9 in NJ against 107.6 in NY
Rent burden gap
1.3 points
Yonkers, NY versus Jersey City, NJ, share of income taken by rent
Highest buying power
92.9%
Yonkers, NY · share of the national average income that a dollar there buys

More comparisons with Jersey City, NJ

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Definitions used on this page

Salary needed for the median rent
Twelve months of median gross rent divided by 0.30: the income that keeps the median rent at 30% of gross pay.
Price level
BEA regional price parity for the metro area where one is published, otherwise for the state. The national average is 100.
Same standard of living
A salary in Jersey City, NJ converted into Yonkers, NY at the ratio of the two price levels. It adjusts for prices only, not for taxes or for what either city offers.
Buying power
One hundred divided by the price level: what a dollar buys locally relative to the national average.

Sources

Margins of error are published for every Census figure. Read the methodology before reading a small gap between two cities as a real difference.

Full detail for each city: Jersey City, NJ · Yonkers, NY