Cost Of Living in Bordentown, NJ

F

13%

Overall NAT. AVG.

3%

Goods & Services NAT. AVG.

34%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Bordentown	New Jersey	National
Cost of living	113	121	100
Goods & Services	103	106	100
Groceries	102	102	100
Health care	94	99	100
Housing	134	158	100
Transportation	107	103	100
Utilities	110	107	100

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Cost Of Living Quick Facts

The cost of living in Bordentown is 7% lower than the New Jersey average
The cost of living in Bordentown is 13% higher than the national average
Bordentown housing is 34% higher than the national average
New Jersey general sales tax is 30% higher than the national average
New Jersey state income tax is 38% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$100,313	$8,359	$2,340	$3,010
Renters	$69,950	$5,829	$1,632	$2,099

A good way to judge both the affordability of the housing and the cost of living in Bordentown is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Bordentown has a median income of about $100,313 for people who own homes. Based on that number, a maximum of $2,340 should be spent on expenses related to housing. Renters have a slightly different median income, which is $69,950. Based on this average, renters should spend no more than $1,632 on all rental costs if they want to maintain a non-impoverished standard of living.

New Jersey Sales Tax

State	General Sales Tax	With Max Surtax
New Jersey	6.625%	12.625%

New Jersey Income Tax

State	Income Tax (Low)	Income Tax (High)
New Jersey	1.4%	10.75%

Goods & Services

Item	Bordentown	National avg.	Difference
Haircut	$23.54	$24.26	3.0%
Beauty Salon	$66.27	$45.56	45.4%
Toothpaste	$3.65	$3.70	1.5%
Shampoo	$1.52	$1.28	18.4%
Movie	$13.75	$12.13	13.3%
Bowling	$19.47	$18.00	8.1%

Groceries

Item	Bordentown	National avg.	Difference
Ground Beef	$5.76	$5.84	1.3%
Fried Chicken	$1.46	$1.57	7.4%
Milk	$4.67	$4.67	0.0%
Potatoes	$5.37	$4.93	8.8%
Pizza	$11.73	$12.09	2.9%
Beer	$11.99	$10.41	15.2%

Health Care

Item	Bordentown	National avg.	Difference
Optometrist	$123.50	$125.68	1.7%
Doctor	$132.56	$135.78	2.4%
Dentist	$103.31	$113.29	8.8%
Ibuprofen	$11.22	$10.65	5.3%
Lipitor	$398.10	$468.60	15.0%

Housing

Item	Bordentown	National avg.	Difference
Home Price	$244,000.00	$184,700.00	32.1%
Avg. Mortgage Payment	$2,169.88	$2,346.69	7.5%
Apartment Rent	$1,298.00	$949.00	36.8%

Transportation

Item	Bordentown	National avg.	Difference
Gasoline	$3.53	$3.46	2.0%
Tire Balancing	$70.89	$59.92	18.3%

Utilities

Item	Bordentown	National avg.	Difference
All Electricity	$222.45	$193.99	14.7%
Phone	$198.27	$192.25	3.1%

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	Population	Cost of Living Index	National Avg.
Newtown CDP, PA	250	88	11.7%
Trenton, NJ	83,387	97	3.2%
Morrisville CDP, PA	862	94	5.8%
Wrightstown, NJ	546	98	2.5%
Beverly, NJ	2,425	99	1.0%
Bordentown, NJ	3,808	113	12.7%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Manhasset Hills, NY	3,808	206	105.7%
Raymond, NH	3,807	118	18.3%
Lambertville, NJ	3,809	137	37.3%
Woodbridge, CA	3,806	141	41.1%
Carrollton, KY	3,806	92	8.5%
Bordentown, NJ	3,808	113	12.7%