Cost of Living: Hoboken, NJ vs Phoenix, AZ
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,144/mo in Hoboken, NJ versus $4,370/mo in Phoenix, AZ. In the model, rent is about 41.07% of gross in Hoboken, NJ versus 21.24% in Phoenix, AZ, so Phoenix, AZ tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Hoboken, NJ and Phoenix, AZ.
At a glance
- Cheaper overall (lower cost-of-living index): Hoboken, NJ
- Lower rent (median 1BR/2BR): Phoenix, AZ
- Lower home prices: Phoenix, AZ
- Higher median household income: Hoboken, NJ
Cost of Living Index
Hoboken, NJ: 100 (U.S. = 100) · Phoenix, AZ: 102.4 (U.S. = 100)
Hoboken, NJ has a lower cost-of-living index than Phoenix, AZ, so a given salary generally stretches further there.
Median Rent
Hoboken, NJ: $2,678/mo (midpoint of 1BR/2BR) · Phoenix, AZ: $1,385/mo
Median rent in Hoboken, NJ is $1,293/mo higher than in Phoenix, AZ.
Median Home Price
Hoboken, NJ: $872,100 · Phoenix, AZ: $381,900
Median home price in Hoboken, NJ is $490,200 higher than in Phoenix, AZ.
Median Household Income
Hoboken, NJ: $176,943 · Phoenix, AZ: $77,041
Hoboken, NJ has a higher median household income than Phoenix, AZ by $99,902.
Hoboken, NJ overview · Phoenix, AZ overview · Popular comparisons