High Bridge 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.
IndexHigh BridgeNew JerseyNational
Cost of living index122127100
IndexHigh BridgeNew JerseyNational
Goods & Services index113114100
Groceries index102104100
Health care index102100100
Housing index152166100
Transportation index106107100
Utilities index109110100
Displayed above is a general overview of the High Bridge, NJ cost of living index. The overall cost of living index in High Bridge, NJ is 122, which is 4% lower than the New Jersey average and 22% 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 High Bridge, NJ are 1% lower than the New Jersey average and 13% higher than the national average.

Did you know?

  • The cost of living in High Bridge is 4% lower than the New Jersey average.
  • The cost of living in High Bridge is 22% higher than the national average.
  • The cost of housing in High Bridge is 52% 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 High Bridge, NJ Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in High Bridge, NJ would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than High Bridge, NJ, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The High Bridge, NJ salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$104,688$8,724$2,443$3,141
Renters$57,404$4,784$1,339$1,722
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in High Bridge, 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 High Bridge, NJ homeowners, is $104,688. This would allow for a maximum of $2,443 per month to be spent on housing costs. For renters, the median monthly income is $57,404 which would result in a maximum of $1,339 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%
For those who live in High Bridge, 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

ItemHigh BridgeNational 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

ItemHigh BridgeNational 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

ItemHigh BridgeNational 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

ItemHigh BridgeNational avg.Difference
Home Price $266,000.00$175,700.0051.4%
Avg. Mortgage Payment $1,533.70$1,133.2335.3%
Apartment Rent $1,409.00$920.0053.2%

Transportation

ItemHigh BridgeNational avg.Difference
Gasoline $1.92$1.993.6%
Tire Balancing $59.07$45.7629.1%

Utilities

ItemHigh BridgeNational 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.
Port Murray, NJ901099%
Bridgeville, NJ991099%
Finesville, NJ971011%
Oxford, NJ1,0821044%
Stewartsville, NJ1731055%
High Bridge, NJ3,62112222%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hesston, KS3,62188-12%
Lake Goodwin, WA3,62112424%
Nellis AFB, NV3,62092-8%
Desoto Lakes, FL3,6241044%
Cleveland, GA3,62493-7%
High Bridge, NJ3,62112222%
Source: The High Bridge, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.