Keyport 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.
IndexKeyportNew JerseyNational
Cost of living index119131100
IndexKeyportNew JerseyNational
Goods & Services index112118100
Groceries index110116100
Health care index113111100
Housing index141166100
Transportation index111118100
Utilities index97110100
A general summary of the cost of living index in Keyport, NJ is shown above. Compared to the state average of New Jersey the cost of living index in Keyport, NJ is 119, which is 9% lower than the average in New Jersey and compared to the national average it is 19% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Keyport, NJ goods and services come in at 5% lower than the average in New Jersey and are 12% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Keyport is 9% lower than the New Jersey average.
  • The cost of living in Keyport is 19% higher than the national average.
  • The cost of housing in Keyport is 41% 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 Keyport, NJ Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Keyport, 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 Keyport, NJ, then you would need to earn more income in order to maintain the same standard of living. To use the Keyport, 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$90,273$7,523$2,106$2,708
Renters$29,228$2,436$682$877
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Keyport, NJ, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Keyport, NJ homeowners have a median income of $90,273. Using that number, you will come up with a maximum of $2,106 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $29,228, which means there is a maximum of $682 to be spent on the costs of renting a home or apartment.

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 considering the overall cost of living expenses in Keyport, NJ, it's important to take into account the sales tax for New Jersey, as well as the rate for income tax in New Jersey. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for New Jersey is 7%, and the sales tax in the state of New Jersey is 7%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in New Jersey starts from 1.4% and goes up to 8.97%.

Goods & Services

ItemKeyportNational 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

ItemKeyportNational 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

ItemKeyportNational 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

ItemKeyportNational avg.Difference
Home Price $270,300.00$175,700.0053.8%
Avg. Mortgage Payment $1,607.16$1,081.0348.7%
Apartment Rent $1,011.00$920.009.9%

Transportation

ItemKeyportNational avg.Difference
Gasoline $2.17$2.093.7%
Tire Balancing $58.80$45.2929.8%

Utilities

ItemKeyportNational 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.
Rossmoor, NJ2,81498-2%
Clearbrook Park, NJ2,48911111%
Concordia, NJ3,09211111%
Keansburg, NJ10,01113333%
Twin Rivers, NJ7,40211414%
Keyport, NJ7,21311919%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Navasota, TX7,21582-18%
Westphalia, MD7,21712323%
Hudsonville, MI7,21791-9%
Stratmoor, CO7,20990-10%
Devils Lake, ND7,21886-14%
Keyport, NJ7,21311919%
Source: The Keyport, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.