Egg Harbor City 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.
IndexEgg Harbor CityNew JerseyNational
Cost of living index111131100
IndexEgg Harbor CityNew JerseyNational
Goods & Services index115118100
Groceries index117116100
Health care index99111100
Housing index102166100
Transportation index117118100
Utilities index121110100
Here we can see a simple outline of the cost of living in Egg Harbor City, NJ. As you can see, with the average cost of living in Egg Harbor City, NJ being 111, that puts it 15% lower than the average of New Jersey and 11% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Egg Harbor City, NJ, the price of goods and services are 3% lower than the average of New Jersey as well as 15% higher than the nation's average.

Did you know?

  • The cost of living in Egg Harbor City is 15% lower than the New Jersey average.
  • The cost of living in Egg Harbor City is 11% higher than the national average.
  • The cost of housing in Egg Harbor City is 2% 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 Egg Harbor City, NJ Cost of living To Other Cities

Salary Calculator

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Cost of living index
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Groceries index
Health care index
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The salary calculator is used in order to provide a comparison of your current salary in Egg Harbor City, NJ to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Egg Harbor City, NJ, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Egg Harbor City, NJ salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$59,912$4,993$1,398$1,798
Renters$35,578$2,965$830$1,067
The affordability of the housing market in Egg Harbor City, NJ as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Egg Harbor City, NJ homeowners, the median income is $59,912. This indicates that a monthly maximum of $1,398 should be spent by homeowners on all housing related costs. Renters have a median income of $35,578. This indicates that renters should have a maximum of $830 used for their rent related monthly 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 Egg Harbor City, 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

ItemEgg Harbor CityNational 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

ItemEgg Harbor CityNational 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

ItemEgg Harbor CityNational 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

ItemEgg Harbor CityNational avg.Difference
Home Price $173,100.00$175,700.001.5%
Avg. Mortgage Payment $1,419.25$1,081.0331.3%
Apartment Rent $1,013.00$920.0010.1%

Transportation

ItemEgg Harbor CityNational avg.Difference
Gasoline $2.46$2.0917.6%
Tire Balancing $52.00$45.2914.8%

Utilities

ItemEgg Harbor CityNational 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.
Elwood, NJ1,6131044%
Pleasantville, NJ20,43611010%
Collings Lakes, NJ1,20511010%
Chesilhurst, NJ1,67511313%
Atlantic City, NJ39,52111313%
Egg Harbor City, NJ4,25311111%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
North East, PA4,25385-15%
Paintsville, KY4,25485-15%
Berryville, VA4,25411717%
Freeburg, IL4,25296-4%
Bristow, OK4,25180-20%
Egg Harbor City, NJ4,25311111%
Source: The Egg Harbor City, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.