Haddonfield 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.
IndexHaddonfieldNew JerseyNational
Cost of living index147131100
IndexHaddonfieldNew JerseyNational
Goods & Services index115118100
Groceries index117116100
Health care index99111100
Housing index220166100
Transportation index117118100
Utilities index121110100
Displayed above is a general overview of the Haddonfield, NJ cost of living index. The overall cost of living index in Haddonfield, NJ is 147, which is 12% higher than the New Jersey average and 47% 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 Haddonfield, NJ are 3% lower than the New Jersey average and 15% higher than the national average.

Did you know?

  • The cost of living in Haddonfield is 12% higher than the New Jersey average.
  • The cost of living in Haddonfield is 47% higher than the national average.
  • The cost of housing in Haddonfield is 120% 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.

Find Real Estate Listings In Haddonfield

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Haddonfield

Compare Haddonfield, NJ Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Haddonfield, 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 Haddonfield, NJ, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Haddonfield, 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$135,139$11,262$3,153$4,055
Renters$54,063$4,505$1,261$1,622
The affordability of the housing market in Haddonfield, NJ as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Haddonfield, NJ homeowners, the median income is $135,139. This indicates that a monthly maximum of $3,153 should be spent by homeowners on all housing related costs. Renters have a median income of $54,063. This indicates that renters should have a maximum of $1,261 used for their rent related monthly 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%
For those who live in Haddonfield, NJ and want to know what the true cost of living is, they ought to look at both the New Jersey income tax rate and the New Jersey sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In New Jersey, the sales tax is 7%, while the most you'll pay in surtax is 7%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in New Jersey, the income tax rate ranges between 1.4% to 8.97%.

Goods & Services

ItemHaddonfieldNational avg.Difference
Haircut $17.50$14.5919.9%
Beauty Salon $52.00$34.6849.9%
Toothpaste $2.36$2.474.6%
Shampoo $0.99$1.023.1%
Movie $10.75$9.878.9%
Bowling $5.04$4.3914.8%

Groceries

ItemHaddonfieldNational avg.Difference
Ground Beef $4.74$4.485.9%
Fried Chicken $1.69$1.4615.4%
Milk $2.25$2.364.5%
Potatoes $3.49$3.0614.0%
Pizza $10.74$9.2416.2%
Beer $8.39$8.632.8%

Health Care

ItemHaddonfieldNational avg.Difference
Optometrist $106.00$99.786.2%
Doctor $118.75$105.0313.1%
Dentist $95.00$88.707.1%
Ibuprofen $9.89$9.415.1%
Lipitor $200.00$298.5033.0%

Housing

ItemHaddonfieldNational avg.Difference
Home Price $454,700.00$175,700.00158.8%
Avg. Mortgage Payment $1,419.25$1,081.0331.3%
Apartment Rent $1,206.00$920.0031.1%

Transportation

ItemHaddonfieldNational avg.Difference
Gasoline $2.46$2.0917.6%
Tire Balancing $52.00$45.2914.8%

Utilities

ItemHaddonfieldNational avg.Difference
All Electricity$186.98$170.809.5%
Phone $38.50$28.2636.3%
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.
Pine Valley, NJ211515%
Arcadia University, PA62311515%
Tavistock, NJ911515%
Prospect Park, PA28894-6%
Audubon Park, NJ1,05196-4%
Haddonfield, NJ11,52114747%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Ocean City, NJ11,52015353%
Irmo, SC11,51897-3%
South Lyon, MI11,51493-7%
La Riviera, CA11,52911313%
Greentree, NJ11,52913131%
Haddonfield, NJ11,52114747%
Source: The Haddonfield, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.