Fair Lawn 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.
IndexFair LawnNew JerseyNational
Cost of living index137127100
IndexFair LawnNew JerseyNational
Goods & Services index114114100
Groceries index106104100
Health care index100100100
Housing index202166100
Transportation index107107100
Utilities index109110100
A general summary of the cost of living index in Fair Lawn, NJ is shown above. Compared to the state average of New Jersey the cost of living index in Fair Lawn, NJ is 137, which is 9% higher than the average in New Jersey and compared to the national average it is 37% 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 Fair Lawn, NJ goods and services come in at equal to the average in New Jersey and are 14% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Fair Lawn is 9% higher than the New Jersey average.
  • The cost of living in Fair Lawn is 37% higher than the national average.
  • The cost of housing in Fair Lawn is 102% 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 Fair Lawn, NJ Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in Fair Lawn, NJ would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Fair Lawn, NJ, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Fair Lawn, NJ salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$114,301$9,525$2,667$3,429
Renters$55,326$4,611$1,291$1,660
One can approximate the cost of living and the housing affordability in Fair Lawn, 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 Fair Lawn, NJ have a median income of $114,301. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,667 per month to avoid calamity and poverty. The renters in the city have an income of about $55,326, which would make their monthly maximum allowable rental costs $1,291.

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 you are determining the total cost of living in Fair Lawn, NJ you will want to make sure you consider both the New Jersey sales tax and the New Jersey income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in New Jersey is 7%, with the highest surtax being 7%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in New Jersey have a range from 1.4% to 8.97%.

Goods & Services

ItemFair LawnNational avg.Difference
Haircut $21.07$15.5635.3%
Beauty Salon $37.27$36.113.2%
Toothpaste $2.00$2.4719.2%
Shampoo $0.99$0.962.6%
Movie $12.15$10.1320.0%
Bowling $4.22$4.7411.0%

Groceries

ItemFair LawnNational avg.Difference
Ground Beef $3.70$3.987.2%
Fried Chicken $1.60$1.4113.9%
Milk $2.41$2.0616.8%
Potatoes $2.72$2.988.7%
Pizza $8.23$9.4713.1%
Beer $8.92$8.791.5%

Health Care

ItemFair LawnNational avg.Difference
Optometrist $114.67$101.0413.5%
Doctor $97.00$107.449.7%
Dentist $100.58$90.4211.2%
Ibuprofen $8.64$9.286.9%
Lipitor $377.50$426.5011.5%

Housing

ItemFair LawnNational avg.Difference
Home Price $391,200.00$175,700.00122.7%
Avg. Mortgage Payment $1,788.76$1,133.2357.8%
Apartment Rent $1,413.00$920.0053.6%

Transportation

ItemFair LawnNational avg.Difference
Gasoline $1.95$1.992.3%
Tire Balancing $58.03$45.7626.8%

Utilities

ItemFair LawnNational avg.Difference
All Electricity$168.80$163.813.0%
Phone $33.50$28.3918.0%
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.
East Orange, NJ64,53811313%
Newark, NJ278,75011515%
Silver Lake, NJ3,59411919%
Paterson, NJ146,34111919%
Haledon, NJ8,39712121%
Fair Lawn, NJ32,96213737%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Deer Park, TX32,96594-6%
Ken Caryl, CO32,94411414%
Owings Mills, MD32,92711717%
Copperas Cove, TX33,02384-16%
Foothill Farms, CA33,0241055%
Fair Lawn, NJ32,96213737%
Source: The Fair Lawn, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.