Guttenberg 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.
IndexGuttenbergNew JerseyNational
Cost of living index145127100
IndexGuttenbergNew JerseyNational
Goods & Services index148114100
Groceries index128104100
Health care index115100100
Housing index162166100
Transportation index134107100
Utilities index127110100
A general overview of the cost of living index for Guttenberg, NJ is displayed above. In Guttenberg, NJ, the overall cost of living index is 145, which is 14% higher than the New Jersey average and 45% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Guttenberg, NJ, the city's goods and services are 30% higher than the New Jersey average and 48% higher than the U.S. average.

Did you know?

  • The cost of living in Guttenberg is 14% higher than the New Jersey average.
  • The cost of living in Guttenberg is 45% higher than the national average.
  • The cost of housing in Guttenberg is 62% 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 Guttenberg, NJ Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Guttenberg, NJ to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Guttenberg, NJ, you have to earn a higher income in order to still have the same standard of living. To operate the Guttenberg, NJ salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$87,420$7,285$2,040$2,623
Renters$40,246$3,354$939$1,208
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Guttenberg, 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 Guttenberg, NJ homeowners, is $87,420. This would allow for a maximum of $2,040 per month to be spent on housing costs. For renters, the median monthly income is $40,246 which would result in a maximum of $939 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 Guttenberg, 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

ItemGuttenbergNational avg.Difference
Haircut $24.02$15.5654.3%
Beauty Salon $64.92$36.1179.8%
Toothpaste $4.50$2.4782.1%
Shampoo $1.67$0.9673.1%
Movie $14.89$10.1347.1%
Bowling $13.06$4.74175.8%

Groceries

ItemGuttenbergNational avg.Difference
Ground Beef $6.10$3.9853.2%
Fried Chicken $2.04$1.4144.7%
Milk $2.45$2.0618.7%
Potatoes $3.78$2.9826.8%
Pizza $12.14$9.4728.1%
Beer $13.06$8.7948.6%

Health Care

ItemGuttenbergNational avg.Difference
Optometrist $106.66$101.045.6%
Doctor $105.00$107.442.3%
Dentist $125.00$90.4238.2%
Ibuprofen $9.99$9.287.7%
Lipitor $435.07$426.502.0%

Housing

ItemGuttenbergNational avg.Difference
Home Price $304,000.00$175,700.0073.0%
Avg. Mortgage Payment $5,496.82$1,133.23385.1%
Apartment Rent $1,261.00$920.0037.1%

Transportation

ItemGuttenbergNational avg.Difference
Gasoline $2.31$1.9916.1%
Tire Balancing $79.33$45.7673.4%

Utilities

ItemGuttenbergNational avg.Difference
All Electricity$232.72$163.8142.1%
Phone $30.77$28.398.4%
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.
Greenville, NY5731033%
East Orange, NJ64,53811313%
Newark, NJ278,75011515%
Roselle, NJ21,34811515%
Silver Lake, NJ3,59411919%
Guttenberg, NJ11,39714545%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Fort Morgan, CO11,39792-8%
Glenpool, OK11,39893-7%
Martin, TN11,39687-13%
Port Washington, WI11,4011011%
Gloucester City, NJ11,3921055%
Guttenberg, NJ11,39714545%
Source: The Guttenberg, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.