Laurel Lake 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.
IndexLaurel LakeNew JerseyNational
Cost of living index97131100
IndexLaurel LakeNew JerseyNational
Goods & Services index107118100
Groceries index107116100
Health care index102111100
Housing index73166100
Transportation index101118100
Utilities index114110100

Did you know?

  • The cost of living in Laurel Lake is 26% lower than the New Jersey average.
  • The cost of living in Laurel Lake is 3% lower than the national average.
  • The cost of housing in Laurel Lake is 27% 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 Laurel Lake, NJ Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$58,872$4,906$1,374$1,766
Renters$18,750$1,563$437$563

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%

Goods & Services

ItemLaurel LakeNational avg.Difference
Haircut $13.00$14.5910.9%
Beauty Salon $37.50$34.688.1%
Toothpaste $2.98$2.4720.5%
Shampoo $1.03$1.020.8%
Movie $10.50$9.876.4%
Bowling $3.99$4.399.1%

Groceries

ItemLaurel LakeNational avg.Difference
Ground Beef $4.59$4.482.5%
Fried Chicken $1.72$1.4617.5%
Milk $1.95$2.3617.3%
Potatoes $3.99$3.0630.3%
Pizza $8.49$9.248.1%
Beer $8.74$8.631.2%

Health Care

ItemLaurel LakeNational avg.Difference
Optometrist $135.00$99.7835.3%
Doctor $87.50$105.0316.7%
Dentist $92.50$88.704.3%
Ibuprofen $10.46$9.4111.1%
Lipitor $320.25$298.507.3%

Housing

ItemLaurel LakeNational avg.Difference
Home Price $93,300.00$175,700.0046.9%
Avg. Mortgage Payment $825.43$1,081.0323.6%
Apartment Rent $1,092.00$920.0018.7%

Transportation

ItemLaurel LakeNational avg.Difference
Gasoline $2.09$2.090.1%
Tire Balancing $47.50$45.294.9%

Utilities

ItemLaurel LakeNational avg.Difference
All Electricity$204.71$170.8019.9%
Phone $29.95$28.266.0%
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.
Seabrook Farms, NJ99591-9%
Bridgeton, NJ25,25297-3%
Fairton, NJ1,18299-1%
Port Norris, NJ1,5741000%
Cedarville, NJ6421011%
Laurel Lake, NJ2,96597-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Santa Rosa, NM2,96580-20%
Brooks, KY2,96488-12%
Oliver, PA2,96489-11%
Emigsville, PA2,96799-1%
Eastlawn Gardens, PA2,96311515%
Laurel Lake, NJ2,96597-3%
Source: The Laurel Lake, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.