Cost of Owning a Car in New Jersey
How New Jersey's gas prices, electricity rates, sales tax and insurance costs affect what you'll typically pay to own a vehicle.
New Jersey at a glance
Gas price
$3per gallon, illustrative averageElectricity
$0.17per kWh, illustrative averageSales tax
6.62%plus ~$80 average registrationInsurance in New Jersey runs above the national average in this model, reflected as a 1.10× multiplier on our base class rates.
5-year cost by vehicle class in New Jersey
Uses real market-average vehicle prices per class (from our 48-vehicle MarketCheck pull) combined with New Jersey-specific tax, fee, fuel and insurance data.
Sedan
$30,0485-year estimate, $501/moSUV / crossover
$42,7765-year estimate, $713/moTruck
$53,4885-year estimate, $891/moElectric
$40,6095-year estimate, $677/moLuxury
$65,0145-year estimate, $1,084/moYour actual cost depends on the specific vehicle — use the interactive calculator and select New Jersey for a number tailored to your car, or browse real vehicle estimates.