Echelon 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.
IndexEchelonNew JerseyNational
Cost of living index111127100
IndexEchelonNew JerseyNational
Goods & Services index108114100
Groceries index116104100
Health care index106100100
Housing index106166100
Transportation index115107100
Utilities index124110100
A general summary of the cost of living index in Echelon, NJ is shown above. Compared to the state average of New Jersey the cost of living index in Echelon, NJ is 111, which is 13% lower than the average in New Jersey and compared to the national average it is 11% 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 Echelon, NJ goods and services come in at 5% lower than the average in New Jersey and are 8% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Echelon is 13% lower than the New Jersey average.
  • The cost of living in Echelon is 11% higher than the national average.
  • The cost of housing in Echelon is 6% 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 Echelon, NJ Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Echelon, NJ to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Echelon, NJ, you have to earn a higher income in order to still have the same standard of living. To operate the Echelon, NJ salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$69,039$5,753$1,611$2,071
Renters$45,038$3,753$1,051$1,351
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Echelon, NJ as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Echelon, NJ homeowners, is $69,039. This would allow for a maximum of $1,611 per month to be spent on housing costs. For renters, the median monthly income is $45,038 which would result in a maximum of $1,051 to be spent on rental costs.

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 Echelon, 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

ItemEchelonNational avg.Difference
Haircut $17.96$15.5615.4%
Beauty Salon $54.38$36.1150.6%
Toothpaste $2.34$2.475.5%
Shampoo $0.99$0.962.6%
Movie $11.55$10.1314.0%
Bowling $5.13$4.748.4%

Groceries

ItemEchelonNational avg.Difference
Ground Beef $3.87$3.983.0%
Fried Chicken $1.68$1.4119.2%
Milk $1.97$2.064.5%
Potatoes $3.44$2.9815.2%
Pizza $10.38$9.479.6%
Beer $8.18$8.797.0%

Health Care

ItemEchelonNational avg.Difference
Optometrist $102.70$101.041.6%
Doctor $124.15$107.4415.6%
Dentist $97.92$90.428.3%
Ibuprofen $9.59$9.283.3%
Lipitor $386.87$426.509.3%

Housing

ItemEchelonNational avg.Difference
Home Price $183,000.00$175,700.004.2%
Avg. Mortgage Payment $1,520.01$1,133.2334.1%
Apartment Rent $1,030.00$920.0012.0%

Transportation

ItemEchelonNational avg.Difference
Gasoline $2.23$1.9911.9%
Tire Balancing $55.56$45.7621.4%

Utilities

ItemEchelonNational avg.Difference
All Electricity$182.53$163.8111.4%
Phone $40.01$28.3940.9%
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.
Tavistock, NJ911313%
Pine Valley, NJ211313%
Audubon Park, NJ1,05194-6%
Camden, NJ77,29498-2%
Darby, PA10,68998-2%
Echelon, NJ10,83111111%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Barrington, IL10,83014545%
Elwood, NY10,83316262%
Worth, IL10,8271044%
Spearfish, SD10,83694-6%
Picayune, MS10,83888-12%
Echelon, NJ10,83111111%
Source: The Echelon, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.