Cost of Living in Hackensack
Hackensack's cost of living runs genuinely above the national median, driven by both above-average housing costs and an elevated local property-tax rate layered on New Jersey's statewide tax structure.
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Learn moreAbove-national-median housing costs
Zillow's average home value ran approximately $473,422 (up 3.2% year-over-year) -- genuinely above the national median, though below Bergen County's priciest towns.
An elevated property-tax layer on top
Hackensack's own median effective property tax rate (2.88%) runs above even Bergen County's already-elevated average (approximately 2.73%) -- a real, ongoing cost beyond the purchase price.
New Jersey's statewide income tax applies
New Jersey's real, graduated 7-bracket state income tax (1.4%-10.75%) applies in Hackensack as statewide -- see the state hub's taxes page for the full bracket structure. Hackensack levies no separate city income tax of its own, unlike Newark.
Key takeaways
- Hackensack's average home value ($473,422) runs genuinely above the national median.
- Hackensack's property-tax rate (2.88%) runs above even Bergen County's own elevated average.
- New Jersey's statewide graduated income tax applies; Hackensack adds no separate city income tax.
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