Haddon Heights 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.
IndexHaddon HeightsNew JerseyNational
Cost of living index123127100
IndexHaddon HeightsNew JerseyNational
Goods & Services index108114100
Groceries index116104100
Health care index106100100
Housing index146166100
Transportation index115107100
Utilities index124110100
An overview of the general cost of living index for Haddon Heights, NJ is displayed above for your reference. Residents in Haddon Heights, NJ enjoy a cost of living index of 123. This index is 3% lower than the New Jersey average, and 23% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Haddon Heights, NJ, the average cost of goods and services is 5% lower than it is in New Jersey, and it is 8% higher than the national average.

Did you know?

  • The cost of living in Haddon Heights is 3% lower than the New Jersey average.
  • The cost of living in Haddon Heights is 23% higher than the national average.
  • The cost of housing in Haddon Heights is 46% 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 Haddon Heights, NJ Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Haddon Heights, 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 Haddon Heights, NJ, then you would need to earn more income in order to maintain the same standard of living. To use the Haddon Heights, 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$100,266$8,356$2,339$3,008
Renters$37,821$3,152$882$1,135
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 Haddon Heights, 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. Haddon Heights, NJ has a median income of about $100,266 for people who own homes. Based on that number, a person should spend a maximum of $2,339 on expenses related to housing. Renters have a slightly different median income, which is $37,821. Based on this average, renters should spend no more than $882 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%
The New Jersey sales tax and New Jersey income tax rates should definitely be considered when determining the overall cost of living in Haddon Heights, NJ. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The New Jersey sales tax is 7% and the maximum surtax is 7%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The New Jersey income tax rates range from 1.4% to 8.97%.

Goods & Services

ItemHaddon HeightsNational avg.Difference
Haircut $17.96$15.5615.4%
Beauty Salon $54.38$36.1150.6%
Toothpaste $2.34$2.475.5%
Shampoo $0.99$0.962.6%
Movie $11.55$10.1314.0%
Bowling $5.13$4.748.4%

Groceries

ItemHaddon HeightsNational avg.Difference
Ground Beef $3.87$3.983.0%
Fried Chicken $1.68$1.4119.2%
Milk $1.97$2.064.5%
Potatoes $3.44$2.9815.2%
Pizza $10.38$9.479.6%
Beer $8.18$8.797.0%

Health Care

ItemHaddon HeightsNational avg.Difference
Optometrist $102.70$101.041.6%
Doctor $124.15$107.4415.6%
Dentist $97.92$90.428.3%
Ibuprofen $9.59$9.283.3%
Lipitor $386.87$426.509.3%

Housing

ItemHaddon HeightsNational avg.Difference
Home Price $283,500.00$175,700.0061.4%
Avg. Mortgage Payment $1,520.01$1,133.2334.1%
Apartment Rent $1,013.00$920.0010.1%

Transportation

ItemHaddon HeightsNational avg.Difference
Gasoline $2.23$1.9911.9%
Tire Balancing $55.56$45.7621.4%

Utilities

ItemHaddon HeightsNational avg.Difference
All Electricity$182.53$163.8111.4%
Phone $40.01$28.3940.9%
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.
Arcadia University, PA62311313%
Tavistock, NJ911313%
Pine Valley, NJ211313%
Prospect Park, PA28892-8%
Audubon Park, NJ1,05194-6%
Haddon Heights, NJ7,42512323%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Mukwonago, WI7,4261044%
Bonner Springs, KS7,42093-7%
Fairlawn, OH7,43097-3%
Mentor-on-the-Lake, OH7,43096-4%
Swainsboro, GA7,43178-22%
Haddon Heights, NJ7,42512323%
Source: The Haddon Heights, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.