Holiday City South 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.
IndexHoliday City SouthNew JerseyNational
Cost of living index106131100
IndexHoliday City SouthNew JerseyNational
Goods & Services index112118100
Groceries index110116100
Health care index113111100
Housing index98166100
Transportation index111118100
Utilities index97110100
Here we can see a simple outline of the cost of living in Holiday City South, NJ. As you can see, with the average cost of living in Holiday City South, NJ being 106, that puts it 19% lower than the average of New Jersey and 6% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Holiday City South, NJ, the price of goods and services are 5% lower than the average of New Jersey as well as 12% higher than the nation's average.

Did you know?

  • The cost of living in Holiday City South is 19% lower than the New Jersey average.
  • The cost of living in Holiday City South is 6% higher than the national average.
  • The cost of housing in Holiday City South is 2% lower 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 Holiday City South, 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
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Groceries index
Health care index
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Transportation index
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Using the salary calculator lets you compare the salary you earn in Holiday City South, 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 Holiday City South, NJ, you have to earn a higher income in order to still have the same standard of living. To operate the Holiday City South, 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$32,298$2,692$754$969
Renters$40,156$3,346$937$1,205
One can approximate the cost of living and the housing affordability in Holiday City South, NJ by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Holiday City South, NJ have a median income of $32,298. Therefore, the amount that a consumer should spend on housing costs should be no more than $754 per month to avoid calamity and poverty. The renters in the city have an income of about $40,156, which would make their monthly maximum allowable rental costs $937.

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 Holiday City South, 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

ItemHoliday City SouthNational avg.Difference
Haircut $18.00$14.5923.3%
Beauty Salon $32.75$34.685.6%
Toothpaste $1.99$2.4719.5%
Shampoo $1.08$1.025.7%
Movie $11.70$9.8718.6%
Bowling $4.72$4.397.5%

Groceries

ItemHoliday City SouthNational avg.Difference
Ground Beef $4.44$4.480.8%
Fried Chicken $1.97$1.4634.6%
Milk $2.57$2.369.1%
Potatoes $3.39$3.0610.7%
Pizza $8.00$9.2413.4%
Beer $8.79$8.631.8%

Health Care

ItemHoliday City SouthNational avg.Difference
Optometrist $102.25$99.782.5%
Doctor $86.25$105.0317.9%
Dentist $119.50$88.7034.7%
Ibuprofen $10.32$9.419.6%
Lipitor $351.24$298.5017.7%

Housing

ItemHoliday City SouthNational avg.Difference
Home Price $141,200.00$175,700.0019.6%
Avg. Mortgage Payment $1,607.16$1,081.0348.7%
Apartment Rent $1,292.00$920.0040.4%

Transportation

ItemHoliday City SouthNational avg.Difference
Gasoline $2.17$2.093.7%
Tire Balancing $58.80$45.2929.8%

Utilities

ItemHoliday City SouthNational avg.Difference
All Electricity$155.83$170.808.8%
Phone $29.75$28.265.3%
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.
Cedar Glen West, NJ95583-17%
Cedar Glen Lakes, NJ1,52792-8%
Pine Ridge at Crestwood, NJ2,23992-8%
Crestwood Village, NJ7,70397-3%
Silver Ridge, NJ1,44798-2%
Holiday City South, NJ3,6091066%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Romeo, MI3,60891-9%
Honea Path, SC3,61079-21%
Elizabethtown, NC3,61186-14%
Eagle Lake, TX3,61181-19%
South Vacherie, LA3,60688-12%
Holiday City South, NJ3,6091066%
Source: The Holiday City South, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.