New Jersey vs New York: Regional Price Parity
New Jersey has a lower official price level than New York.
Visual Comparison
Difference: 1.9 points — New Jersey leads.
National Rankings
Where They Rank Nationally
See where both states fall among all 50 states for regional price parity.
10 Best States — Regional Price Parity
Lower is better
Mississippi
Arkansas
West Virginia
Alabama
Oklahoma
Kansas
Kentucky
Missouri
Indiana
Iowa
New Jersey
New York
New Jersey ranks 47th and New York ranks 49th nationally for regional price parity.
Related Context
Price Parity in Context
Regional price parity is the government's official measure of how expensive a state is relative to the US average.
What This Means
New Jersey vs New York: Regional Price Parity in context
New Jersey has a regional price parity of 112.9, compared with 114.8 in New York. Official price level relative to the national average (100 = U.S. average).
People Also Ask
New Jersey vs New York Regional Price Parity — Common Questions
Q What is New Jersey's regional price parity?
New Jersey's regional price parity is 112.9.
Q What is New York's regional price parity?
New York's regional price parity is 114.8.
Q Which state has a lower regional price parity — New Jersey or New York?
New Jersey has a lower official price level than New York.
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Sources: Core demographic data comes from the 2020 U.S. Census, with land area from U.S. Census Bureau TIGER files. Income, housing, affordability, and tax fields are maintained in our comparison dataset; purchasing-power figures use BEA Regional Price Parities. Minimum wage data comes from the U.S. Department of Labor, gas prices from AAA, and electricity rates from the U.S. Energy Information Administration. Political control and election fields use 2024 presidential results together with National Conference of State Legislatures data. Gun-law labels use the Giffords scorecard, alcohol system data comes from NABCA, and marijuana status uses NCSL's state cannabis laws tracker.