Allendale cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexAllendaleNew JerseyNational
Cost of living index168131100
IndexAllendaleNew JerseyNational
Goods & Services index115118100
Groceries index106116100
Health care index107111100
Housing index304166100
Transportation index111118100
Utilities index98110100
A general summary of the cost of living index in Allendale, NJ is shown above. Compared to the state average of New Jersey the cost of living index in Allendale, NJ is 168, which is 28% higher than the average in New Jersey and compared to the national average it is 68% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Allendale, NJ goods and services come in at 3% lower than the average in New Jersey and are 15% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Allendale is 28% higher than the New Jersey average.
  • The cost of living in Allendale is 68% higher than the national average.
  • The cost of housing in Allendale is 204% higher than the national average.
  • New Jersey general sales tax is 37% higher than the national average.
  • New Jersey state income tax is 37% lower than the national average.

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Compare Allendale, NJ Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in Allendale, NJ would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Allendale, NJ, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Allendale, NJ salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$136,287$11,357$3,180$4,089
Renters$50,515$4,210$1,179$1,516
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Allendale, NJ, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Allendale, NJ homeowners have a median income of $136,287. Using that number, you will come up with a maximum of $3,180 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $50,515, which means there is a maximum of $1,179 to be spent on the costs of renting a home or apartment.

New Jersey Sales Tax

StateGeneral Sales TaxWith Max Surtax
New Jersey7%7%

New Jersey Income Tax

StateIncome Tax (Low)Income Tax (High)
New Jersey1.4%8.97%
When you are determining the total cost of living in Allendale, NJ you will want to make sure you consider both the New Jersey sales tax and the New Jersey income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in New Jersey is 7%, with the highest surtax being 7%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in New Jersey have a range from 1.4% to 8.97%.

Goods & Services

ItemAllendaleNational avg.Difference
Haircut $19.00$14.5930.2%
Beauty Salon $33.75$34.682.7%
Toothpaste $2.29$2.477.4%
Shampoo $1.00$1.022.2%
Movie $11.70$9.8718.6%
Bowling $4.55$4.393.6%

Groceries

ItemAllendaleNational avg.Difference
Ground Beef $4.39$4.481.9%
Fried Chicken $1.99$1.4635.9%
Milk $2.77$2.3617.5%
Potatoes $3.39$3.0610.7%
Pizza $8.00$9.2413.4%
Beer $9.19$8.636.5%

Health Care

ItemAllendaleNational avg.Difference
Optometrist $91.25$99.788.5%
Doctor $90.00$105.0314.3%
Dentist $107.25$88.7020.9%
Ibuprofen $9.49$9.410.8%
Lipitor $341.01$298.5014.2%

Housing

ItemAllendaleNational avg.Difference
Home Price $656,300.00$175,700.00273.5%
Avg. Mortgage Payment $1,790.20$1,081.0365.6%
Apartment Rent $1,301.00$920.0041.4%

Transportation

ItemAllendaleNational avg.Difference
Gasoline $2.17$2.093.7%
Tire Balancing $59.16$45.2930.6%

Utilities

ItemAllendaleNational avg.Difference
All Electricity$159.41$170.806.7%
Phone $29.75$28.265.3%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Paterson, NJ146,34111919%
Mount Ivy, NY6,92612828%
Haledon, NJ8,39712121%
Spring Valley, NY32,00712929%
Prospect Park, NJ5,91512121%
Allendale, NJ6,66616868%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Green Hill, TN6,6671022%
Kentfield, CA6,667217117%
Souderton, PA6,66811616%
Belfast, ME6,6641088%
Howland Center, OH6,67085-15%
Allendale, NJ6,66616868%
Source: The Allendale, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.