Folsom 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.
IndexFolsomNew JerseyNational
Cost of living index113125100
IndexFolsomNew JerseyNational
Goods & Services index107112100
Groceries index116105100
Health care index106104100
Housing index116158100
Transportation index115112100
Utilities index125115100

Did you know?

  • The cost of living in Folsom is 9% lower than the New Jersey average.
  • The cost of living in Folsom is 13% higher than the national average.
  • The cost of housing in Folsom is 16% higher than the national average.
  • New Jersey general sales tax is 30% higher than the national average.
  • New Jersey state income tax is 37% lower than the national average.

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$68,571$5,714$1,600$2,057
Renters$43,333$3,611$1,011$1,300

New Jersey Sales Tax

StateGeneral Sales TaxWith Max Surtax
New Jersey6.625%12.875%

New Jersey Income Tax

StateIncome Tax (Low)Income Tax (High)
New Jersey1.4%8.97%

Goods & Services

ItemFolsomNational avg.Difference
Haircut $18.39$16.0914.3%
Beauty Salon $56.27$37.3350.7%
Toothpaste $2.19$2.4510.5%
Shampoo $0.99$1.001.1%
Movie $12.27$10.2819.3%
Bowling $5.21$4.935.6%

Groceries

ItemFolsomNational avg.Difference
Ground Beef $4.16$3.809.3%
Fried Chicken $1.46$1.404.3%
Milk $2.11$2.014.9%
Potatoes $3.82$3.0127.0%
Pizza $10.33$9.894.5%
Beer $8.63$8.903.0%

Health Care

ItemFolsomNational avg.Difference
Optometrist $100.71$102.161.4%
Doctor $130.24$108.3620.2%
Dentist $96.14$92.533.9%
Ibuprofen $9.55$9.282.9%
Lipitor $387.28$425.829.1%

Housing

ItemFolsomNational avg.Difference
Home Price $191,500.00$184,700.003.7%
Avg. Mortgage Payment $1,546.68$1,202.4428.6%
Apartment Rent $1,375.00$949.0044.9%

Transportation

ItemFolsomNational avg.Difference
Gasoline $2.48$2.2410.5%
Tire Balancing $57.62$46.2924.5%

Utilities

ItemFolsomNational avg.Difference
All Electricity$177.22$165.966.8%
Phone $42.00$28.6846.4%
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.
Pine Valley, NJ411212%
Elwood, NJ1,44099-1%
Clementon, NJ4,9241044%
Pine Hill, NJ10,4721044%
Egg Harbor City, NJ4,2431066%
Folsom, NJ1,85911313%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Kingston, WA1,85913030%
Henryville, IN1,85989-11%
Roodhouse, IL1,85981-19%
Roman Forest, TX1,8601000%
Deville, LA1,85882-18%
Folsom, NJ1,85911313%
Source: The Folsom, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.