Clayton 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.
IndexClaytonNew JerseyNational
Cost of living index113131100
IndexClaytonNew JerseyNational
Goods & Services index115118100
Groceries index117116100
Health care index99111100
Housing index107166100
Transportation index117118100
Utilities index121110100
A general overview of the cost of living index for Clayton, NJ is displayed above. In Clayton, NJ, the overall cost of living index is 113, which is 14% lower than the New Jersey average and 13% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Clayton, NJ, the city's goods and services are 3% lower than the New Jersey average and 15% higher than the U.S. average.

Did you know?

  • The cost of living in Clayton is 14% lower than the New Jersey average.
  • The cost of living in Clayton is 13% higher than the national average.
  • The cost of housing in Clayton is 7% 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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Salary Calculator

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Use the salary calculator to compare your current salary in Clayton, NJ to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Clayton, NJ, then you would need to earn more income in order to maintain the same standard of living. To use the Clayton, NJ salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$75,900$6,325$1,771$2,277
Renters$44,872$3,739$1,047$1,346
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Clayton, NJ, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Clayton, NJ has a median income of about $75,900 for people who own homes. Based on that number, a person should spend a maximum of $1,771 on expenses related to housing. Renters have a slightly different median income, which is $44,872. Based on this average, renters should spend no more than $1,047 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 considering the overall cost of living expenses in Clayton, NJ, it's important to take into account the sales tax for New Jersey, as well as the rate for income tax in New Jersey. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for New Jersey is 7%, and the sales tax in the state of New Jersey is 7%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in New Jersey starts from 1.4% and goes up to 8.97%.

Goods & Services

ItemClaytonNational avg.Difference
Haircut $17.50$14.5919.9%
Beauty Salon $52.00$34.6849.9%
Toothpaste $2.36$2.474.6%
Shampoo $0.99$1.023.1%
Movie $10.75$9.878.9%
Bowling $5.04$4.3914.8%

Groceries

ItemClaytonNational avg.Difference
Ground Beef $4.74$4.485.9%
Fried Chicken $1.69$1.4615.4%
Milk $2.25$2.364.5%
Potatoes $3.49$3.0614.0%
Pizza $10.74$9.2416.2%
Beer $8.39$8.632.8%

Health Care

ItemClaytonNational avg.Difference
Optometrist $106.00$99.786.2%
Doctor $118.75$105.0313.1%
Dentist $95.00$88.707.1%
Ibuprofen $9.89$9.415.1%
Lipitor $200.00$298.5033.0%

Housing

ItemClaytonNational avg.Difference
Home Price $179,700.00$175,700.002.3%
Avg. Mortgage Payment $1,419.25$1,081.0331.3%
Apartment Rent $1,087.00$920.0018.2%

Transportation

ItemClaytonNational avg.Difference
Gasoline $2.46$2.0917.6%
Tire Balancing $52.00$45.2914.8%

Utilities

ItemClaytonNational avg.Difference
All Electricity$186.98$170.809.5%
Phone $38.50$28.2636.3%
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.
Pine Valley, NJ211515%
Tavistock, NJ911515%
Seabrook Farms, NJ99591-9%
Eddystone, PA2,5721022%
Paulsboro, NJ6,0411055%
Clayton, NJ8,22511313%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Gateway, FL8,22611313%
Tega Cay, SC8,22412121%
Elgin, TX8,22487-13%
Cambridge, MN8,22398-2%
Hillsdale, MI8,22279-21%
Clayton, NJ8,22511313%
Source: The Clayton, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.