Cost of Living: Yonkers, NY vs Elizabeth, NJ (2026)

Yonkers

New York
133
VS

Elizabeth

New Jersey
112

Yonkers is 19% more expensive than Elizabeth.

$1,730/mo ↑ 18%
Median Rent
$1,463/mo ↓ 15%
$81,816/yr ↑ 28%
Median Income
$63,874/yr ↓ 22%
$478,000 ↑ 21%
Home Value
$393,500 ↓ 18%
$1,759/mo ↑ 14%
Owner Costs
$1,543/mo ↓ 12%
209,529
Population
135,887

Tax Comparison

10.9%
Income Tax
10.75%
4.0%
State Sales Tax
6.625%
1.62%
Property Tax
2.23%

Affordability

25.4%
rent-to-income
Affordability
27.5%
rent-to-income

Detailed Comparison

When comparing Yonkers, NY and Elizabeth, NJ, the overall cost of living indices are 133 and 112 respectively (national median = 100). Rent is $267/month cheaper in Elizabeth, saving renters about $3,204/year.

Median household income is $17,942/year higher in Yonkers. Home values also differ significantly — the median in Yonkers is $478,000 compared to $393,500 in Elizabeth.

New Jersey has a lower income tax rate, making Elizabeth slightly more tax-friendly.

Frequently Asked Questions

Yonkers vs Elizabeth — common questions

Is Yonkers or Elizabeth cheaper to live in?
Based on our cost index, Elizabeth is cheaper to live in with an index of 112 compared to 133 (US average = 100).
What is the rent difference between Yonkers and Elizabeth?
Median rent in Yonkers is $1,730/month and in Elizabeth it's $1,463/month — a difference of $267/month.
Which city has higher income, Yonkers or Elizabeth?
Median household income is $81,816 in Yonkers and $63,874 in Elizabeth. Median household income is $17,942/year higher in Yonkers.
How do taxes compare between New York and New Jersey?
New York has 10.9% income tax, 4.0% sales tax, and 1.62% property tax. New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax.
Should I move to Yonkers or Elizabeth?
It depends on your priorities. Yonkers has a cost index of 133 with median rent of $1,730/mo, while Elizabeth has a cost index of 112 with rent of $1,463/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Yonkers details → View Elizabeth details →

More Comparisons

Other cost of living comparisons for Yonkers and Elizabeth

Yonkers vs. Fayetteville Yonkers vs. Cape Coral Yonkers vs. Rochester Yonkers vs. Worcester Yonkers vs. Frisco Yonkers vs. Columbus Elizabeth vs. Victorville Elizabeth vs. Stamford Elizabeth vs. Miramar Elizabeth vs. Kent Elizabeth vs. Pasadena Elizabeth vs. Midland