Finderne 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.
IndexFinderneNew JerseyNational
Cost of living index129131100
IndexFinderneNew JerseyNational
Goods & Services index112118100
Groceries index110116100
Health care index113111100
Housing index176166100
Transportation index111118100
Utilities index97110100
Displayed above is a general overview of the Finderne, NJ cost of living index. The overall cost of living index in Finderne, NJ is 129, which is 1% lower than the New Jersey average and 29% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Finderne, NJ are 5% lower than the New Jersey average and 12% higher than the national average.

Did you know?

  • The cost of living in Finderne is 1% lower than the New Jersey average.
  • The cost of living in Finderne is 29% higher than the national average.
  • The cost of housing in Finderne is 76% 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 Finderne, NJ Cost of living To Other Cities

Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Finderne, 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 Finderne, NJ, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Finderne, 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$96,886$8,074$2,261$2,907
Renters$78,194$6,516$1,824$2,346
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 Finderne, 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. Finderne, NJ has a median income of about $96,886 for people who own homes. Based on that number, a person should spend a maximum of $2,261 on expenses related to housing. Renters have a slightly different median income, which is $78,194. Based on this average, renters should spend no more than $1,824 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 you are determining the total cost of living in Finderne, 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

ItemFinderneNational avg.Difference
Haircut $18.00$14.5923.3%
Beauty Salon $32.75$34.685.6%
Toothpaste $1.99$2.4719.5%
Shampoo $1.08$1.025.7%
Movie $11.70$9.8718.6%
Bowling $4.72$4.397.5%

Groceries

ItemFinderneNational avg.Difference
Ground Beef $4.44$4.480.8%
Fried Chicken $1.97$1.4634.6%
Milk $2.57$2.369.1%
Potatoes $3.39$3.0610.7%
Pizza $8.00$9.2413.4%
Beer $8.79$8.631.8%

Health Care

ItemFinderneNational avg.Difference
Optometrist $102.25$99.782.5%
Doctor $86.25$105.0317.9%
Dentist $119.50$88.7034.7%
Ibuprofen $10.32$9.419.6%
Lipitor $351.24$298.5017.7%

Housing

ItemFinderneNational avg.Difference
Home Price $313,000.00$175,700.0078.1%
Avg. Mortgage Payment $1,607.16$1,081.0348.7%
Apartment Rent $1,585.00$920.0072.3%

Transportation

ItemFinderneNational avg.Difference
Gasoline $2.17$2.093.7%
Tire Balancing $58.80$45.2929.8%

Utilities

ItemFinderneNational avg.Difference
All Electricity$155.83$170.808.8%
Phone $29.75$28.265.3%
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.
Zarephath, NJ01099%
Plainfield, NJ50,42311717%
Spotswood, NJ8,35911919%
New Brunswick, NJ55,80411919%
South Bound Brook, NJ4,58511919%
Finderne, NJ6,20512929%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bremen, GA6,20489-11%
Finley, WA6,20490-10%
Farmington, AR6,20893-7%
Decatur, TX6,20197-3%
Swarthmore, PA6,19813939%
Finderne, NJ6,20512929%
Source: The Finderne, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.