Cliffside Park 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.
IndexCliffside ParkNew JerseyNational
Cost of living index156127100
IndexCliffside ParkNew JerseyNational
Goods & Services index148114100
Groceries index128104100
Health care index115100100
Housing index198166100
Transportation index134107100
Utilities index127110100
A general overview of the cost of living index for Cliffside Park, NJ is displayed above. In Cliffside Park, NJ, the overall cost of living index is 156, which is 23% higher than the New Jersey average and 56% 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 Cliffside Park, NJ, the city's goods and services are 30% higher than the New Jersey average and 48% higher than the U.S. average.

Did you know?

  • The cost of living in Cliffside Park is 23% higher than the New Jersey average.
  • The cost of living in Cliffside Park is 56% higher than the national average.
  • The cost of housing in Cliffside Park is 98% 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 Cliffside Park, NJ Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Cliffside Park, 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 Cliffside Park, NJ, then you would need to earn more income in order to maintain the same standard of living. To use the Cliffside Park, 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$81,624$6,802$1,904$2,449
Renters$41,507$3,459$968$1,245
One can approximate the cost of living and the housing affordability in Cliffside Park, NJ by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Cliffside Park, NJ have a median income of $81,624. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,904 per month to avoid calamity and poverty. The renters in the city have an income of about $41,507, which would make their monthly maximum allowable rental costs $968.

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 assessing the complete cost of living in Cliffside Park, NJ, the New Jersey income tax and the New Jersey sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The New Jersey maximum surtax is 7%, and the New Jersey sales tax is 7%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 1.4% to 8.97% in New Jersey.

Goods & Services

ItemCliffside ParkNational avg.Difference
Haircut $24.02$15.5654.3%
Beauty Salon $64.92$36.1179.8%
Toothpaste $4.50$2.4782.1%
Shampoo $1.67$0.9673.1%
Movie $14.89$10.1347.1%
Bowling $13.06$4.74175.8%

Groceries

ItemCliffside ParkNational avg.Difference
Ground Beef $6.10$3.9853.2%
Fried Chicken $2.04$1.4144.7%
Milk $2.45$2.0618.7%
Potatoes $3.78$2.9826.8%
Pizza $12.14$9.4728.1%
Beer $13.06$8.7948.6%

Health Care

ItemCliffside ParkNational avg.Difference
Optometrist $106.66$101.045.6%
Doctor $105.00$107.442.3%
Dentist $125.00$90.4238.2%
Ibuprofen $9.99$9.287.7%
Lipitor $435.07$426.502.0%

Housing

ItemCliffside ParkNational avg.Difference
Home Price $391,800.00$175,700.00123.0%
Avg. Mortgage Payment $5,496.82$1,133.23385.1%
Apartment Rent $1,281.00$920.0039.2%

Transportation

ItemCliffside ParkNational avg.Difference
Gasoline $2.31$1.9916.1%
Tire Balancing $79.33$45.7673.4%

Utilities

ItemCliffside ParkNational avg.Difference
All Electricity$232.72$163.8142.1%
Phone $30.77$28.398.4%
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.
Greenville, NY5731033%
East Orange, NJ64,53811313%
Newark, NJ278,75011515%
Roselle, NJ21,34811515%
Silver Lake, NJ3,59411919%
Cliffside Park, NJ24,53215656%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
North Platte, NE24,53281-19%
Medford, NY24,53513636%
Zionsville, IN24,55911414%
San Lorenzo, CA24,56313939%
Seal Beach, CA24,47713030%
Cliffside Park, NJ24,53215656%
Source: The Cliffside Park, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.