diff --git a/packages/cli-doctor/src/tools/healthchecks/__tests__/dependencies.test.ts b/packages/cli-doctor/src/tools/healthchecks/__tests__/dependencies.test.ts
new file mode 100644
index 000000000..c332ddb78
--- /dev/null
+++ b/packages/cli-doctor/src/tools/healthchecks/__tests__/dependencies.test.ts
@@ -0,0 +1,53 @@
+import fs from 'fs';
+import dependencies from '../dependencies';
+import {EnvironmentInfo} from '../../../types';
+
+describe('dependencies', () => {
+  let environmentInfo: EnvironmentInfo;
+  let dependenciesJSON: string;
+
+  beforeEach(() => {
+    jest.spyOn(fs, 'readFileSync').mockImplementation(() => dependenciesJSON);
+  });
+
+  it('returns false if dependencies are correct', async () => {
+    dependenciesJSON = JSON.stringify({
+      name: 'AwesomeProject',
+      dependencies: {
+        'react-native': '0.72.1',
+      },
+    });
+
+    const diagnostics = await dependencies.getDiagnostics(environmentInfo);
+    expect(diagnostics.needsToBeFixed).toBe(false);
+  });
+
+  it('returns true if dependencies contains an incompatible version react native package', async () => {
+    dependenciesJSON = JSON.stringify({
+      name: 'AwesomeProject',
+      dependencies: {
+        'react-native': '0.72.1',
+        '@react-native/codegen': '1.72.3',
+        '@react-native/gradle-plugin': '0.69.10',
+      },
+    });
+
+    const diagnostics = await dependencies.getDiagnostics(environmentInfo);
+    expect(diagnostics.needsToBeFixed).toBe(true);
+  });
+
+  it('warn if dependencies contains an compatible version of react native packages', async () => {
+    dependenciesJSON = JSON.stringify({
+      name: 'AwesomeProject',
+      dependencies: {
+        'react-native': '0.72.1',
+        '@react-native/codegen': '0.72.1',
+      },
+    });
+
+    const diagnostics = await dependencies.getDiagnostics(environmentInfo);
+    expect(diagnostics.description).toMatch(
+      '@react-native/codegen is part of React Native and should not be a dependency in your package.json',
+    );
+  });
+});
diff --git a/packages/cli-doctor/src/tools/healthchecks/dependencies.ts b/packages/cli-doctor/src/tools/healthchecks/dependencies.ts
new file mode 100644
index 000000000..7e29e0f15
--- /dev/null
+++ b/packages/cli-doctor/src/tools/healthchecks/dependencies.ts
@@ -0,0 +1,159 @@
+import fs from 'fs';
+import chalk from 'chalk';
+import path from 'path';
+import semver from 'semver';
+import {HealthCheckInterface} from '../../types';
+import {logManualInstallation} from './common';
+import {findProjectRoot, logger} from '@react-native-community/cli-tools';
+
+const RNPackages = [
+  '@react-native/babel-plugin-codegen',
+  '@react-native/assets-registry',
+  '@react-native/eslint-plugin-specs',
+  '@react-native/hermes-inspector-msggen',
+  '@react-native/normalize-colors',
+  '@react-native/js-polyfills',
+  '@react-native/bots',
+  '@react-native/codegen-typescript-test',
+  '@react-native/codegen',
+  '@react-native/gradle-plugin',
+  '@react-native/virtualized-lists',
+];
+
+const cliPackages = [
+  '@react-native-community/cli',
+  '@react-native-community/cli-platform-android',
+  '@react-native-community/cli-platform-ios',
+  '@react-native-community/cli-tools',
+  '@react-native-community/cli-doctor',
+  '@react-native-community/cli-hermes',
+  '@react-native-community/cli-clean',
+  '@react-native-community/cli-config',
+  '@react-native-community/cli-debugger-ui',
+  '@react-native-community/cli-server-api',
+  '@react-native-community/cli-types',
+];
+
+const reactNativeCliCompatibilityMatrix = {
+  12: ['0.73'],
+  11: ['0.72'],
+  10: ['0.71'],
+};
+
+const getPackageJson = (root?: string): Record<string, any> => {
+  try {
+    root = root || findProjectRoot();
+    return JSON.parse(fs.readFileSync(path.join(root, 'package.json'), 'utf8'));
+  } catch (e) {
+    logger.log(); // for extra space
+    logger.error(`Couldn't find a "package.json" in ${root || process.cwd()}.`);
+    return {};
+  }
+};
+
+const findDependencies = (root?: string): Record<string, string> => {
+  const {devDependencies = {}, dependencies = {}} = getPackageJson(root);
+  return {
+    ...devDependencies,
+    ...dependencies,
+  };
+};
+
+export default {
+  label: 'Dependencies',
+  isRequired: false,
+  description: 'NPM dependencies needed for the project to work correctly',
+  getDiagnostics: async (_, config) => {
+    try {
+      const dependencies = findDependencies(config?.root);
+      const reactNativeVersion = dependencies['react-native'];
+      const reactNativeCoercedVersion = semver.coerce(reactNativeVersion);
+      const issues: string[] = [];
+
+      RNPackages.forEach((pkg) => {
+        if (dependencies[pkg]) {
+          const packageVersion = dependencies[pkg];
+          const packageCoercedVersion = semver.coerce(packageVersion);
+          if (reactNativeCoercedVersion && packageCoercedVersion) {
+            const verisonDiff = semver.diff(
+              packageCoercedVersion,
+              reactNativeCoercedVersion,
+            );
+            if (verisonDiff === 'major' || verisonDiff === 'minor') {
+              issues.push(
+                `   - ${chalk.red(
+                  'error',
+                )} ${pkg}: "${packageVersion}" is not compatible with react-native: "${reactNativeVersion}"`,
+              );
+            } else {
+              issues.push(
+                `   - ${chalk.yellow(
+                  'warn',
+                )} ${pkg} is part of React Native and should not be a dependency in your package.json`,
+              );
+            }
+          }
+        }
+      });
+
+      if (dependencies['react-native-cli']) {
+        issues.push(
+          `   - ${chalk.red(
+            'error',
+          )} react-native-cli is legacy and should not be listed as a dependency in your package.json`,
+        );
+      }
+
+      cliPackages.forEach((pkg) => {
+        if (dependencies[pkg]) {
+          const packageVersion = dependencies[pkg];
+          const packageMajorVersion = semver.coerce(packageVersion)?.major;
+          const RNVersion = `${reactNativeCoercedVersion?.major}.${reactNativeCoercedVersion?.minor}`;
+
+          if (packageMajorVersion) {
+            const compatibleRNVersions =
+              reactNativeCliCompatibilityMatrix[
+                packageMajorVersion as keyof typeof reactNativeCliCompatibilityMatrix
+              ] || [];
+            if (!compatibleRNVersions.includes(RNVersion)) {
+              issues.push(
+                `   - ${chalk.red(
+                  'error',
+                )} ${pkg}: "${packageVersion}" is not compatible with react-native: "${reactNativeVersion}"`,
+              );
+            } else {
+              issues.push(
+                `   - ${chalk.yellow(
+                  'warn',
+                )} ${pkg} comes included with React Native and should not be listed as a dependency in your package.json`,
+              );
+            }
+          }
+        }
+      });
+
+      if (issues.length) {
+        issues.unshift('There are some issues with your project dependencies');
+        return {
+          needsToBeFixed: true,
+          description: issues.join('\n'),
+        };
+      } else {
+        return {
+          needsToBeFixed: false,
+        };
+      }
+    } catch (e) {
+      return {
+        needsToBeFixed: true,
+      };
+    }
+  },
+  runAutomaticFix: async ({loader}) => {
+    loader.fail();
+    return logManualInstallation({
+      message:
+        'Please check your package.json and make sure the dependencies are correct',
+    });
+  },
+} as HealthCheckInterface;
diff --git a/packages/cli-doctor/src/tools/healthchecks/index.ts b/packages/cli-doctor/src/tools/healthchecks/index.ts
index cd8b8fb37..48d5e48ad 100644
--- a/packages/cli-doctor/src/tools/healthchecks/index.ts
+++ b/packages/cli-doctor/src/tools/healthchecks/index.ts
@@ -17,6 +17,7 @@ import xcodeEnv from './xcodeEnv';
 import packager from './packager';
 import deepmerge from 'deepmerge';
 import {logger} from '@react-native-community/cli-tools';
+import dependencies from './dependencies';
 
 export const HEALTHCHECK_TYPES = {
   ERROR: 'ERROR',
@@ -69,6 +70,7 @@ export const getHealthchecks = ({contributor}: Options): Healthchecks => {
     common: {
       label: 'Common',
       healthchecks: [
+        dependencies,
         nodeJS,
         yarn,
         npm,