Green Knoll 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.
IndexGreen KnollNew JerseyNational
Cost of living index145127100
IndexGreen KnollNew JerseyNational
Goods & Services index113114100
Groceries index102104100
Health care index102100100
Housing index228166100
Transportation index106107100
Utilities index109110100
A general summary of the cost of living index in Green Knoll, NJ is shown above. Compared to the state average of New Jersey the cost of living index in Green Knoll, NJ is 145, which is 14% higher than the average in New Jersey and compared to the national average it is 45% 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 Green Knoll, NJ goods and services come in at 1% lower than the average in New Jersey and are 13% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Green Knoll is 14% higher than the New Jersey average.
  • The cost of living in Green Knoll is 45% higher than the national average.
  • The cost of housing in Green Knoll is 128% 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 Green Knoll, NJ Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Green Knoll, NJ to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Green Knoll, NJ, then you would need to earn more income in order to maintain the same standard of living. To use the Green Knoll, NJ salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$133,233$11,103$3,109$3,997
Renters$43,750$3,646$1,021$1,313
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Green Knoll, 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 Green Knoll, NJ homeowners, is $133,233. This would allow for a maximum of $3,109 per month to be spent on housing costs. For renters, the median monthly income is $43,750 which would result in a maximum of $1,021 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 assessing the complete cost of living in Green Knoll, NJ, the New Jersey income tax and the New Jersey sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The New Jersey maximum surtax is 7%, and the New Jersey sales tax is 7%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 1.4% to 8.97% in New Jersey.

Goods & Services

ItemGreen KnollNational avg.Difference
Haircut $19.80$15.5627.2%
Beauty Salon $31.53$36.1112.7%
Toothpaste $2.04$2.4717.4%
Shampoo $0.96$0.960.9%
Movie $12.25$10.1321.0%
Bowling $4.44$4.746.3%

Groceries

ItemGreen KnollNational avg.Difference
Ground Beef $3.72$3.986.7%
Fried Chicken $1.42$1.411.2%
Milk $2.35$2.0613.9%
Potatoes $2.76$2.987.6%
Pizza $8.16$9.4713.8%
Beer $9.12$8.793.7%

Health Care

ItemGreen KnollNational avg.Difference
Optometrist $104.60$101.043.5%
Doctor $88.87$107.4417.3%
Dentist $110.17$90.4221.8%
Ibuprofen $8.59$9.287.4%
Lipitor $389.54$426.508.7%

Housing

ItemGreen KnollNational avg.Difference
Home Price $435,200.00$175,700.00147.7%
Avg. Mortgage Payment $1,533.70$1,133.2335.3%
Apartment Rent $1,675.00$920.0082.1%

Transportation

ItemGreen KnollNational avg.Difference
Gasoline $1.92$1.993.6%
Tire Balancing $59.07$45.7629.1%

Utilities

ItemGreen KnollNational avg.Difference
All Electricity$168.73$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.
Zarephath, NJ01099%
Plainfield, NJ50,42311717%
Spotswood, NJ8,35911818%
New Brunswick, NJ55,80411818%
South Bound Brook, NJ4,58511919%
Green Knoll, NJ5,95414545%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hilton, NY5,95496-4%
Indian River Estates, FL5,95393-7%
Independence, IA5,95588-12%
Larchmont, NY5,952238138%
Wescosville, PA5,95112222%
Green Knoll, NJ5,95414545%
Source: The Green Knoll, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.