Leisure Village East 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.
IndexLeisure Village EastNew JerseyNational
Cost of living index109127100
IndexLeisure Village EastNew JerseyNational
Goods & Services index113114100
Groceries index102104100
Health care index102100100
Housing index110166100
Transportation index106107100
Utilities index109110100
An overview of the general cost of living index for Leisure Village East, NJ is displayed above for your reference. Residents in Leisure Village East, NJ enjoy a cost of living index of 109. This index is 14% lower than the New Jersey average, and 9% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Leisure Village East, NJ, the average cost of goods and services is 1% lower than it is in New Jersey, and it is 13% higher than the national average.

Did you know?

  • The cost of living in Leisure Village East is 14% lower than the New Jersey average.
  • The cost of living in Leisure Village East is 9% higher than the national average.
  • The cost of housing in Leisure Village East is 10% 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 Leisure Village East, NJ Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Leisure Village East, 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 Leisure Village East, NJ, then you would need to earn more income in order to maintain the same standard of living. To use the Leisure Village East, 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$39,179$3,265$914$1,175
Renters$25,281$2,107$590$759
One can approximate the cost of living and the housing affordability in Leisure Village East, 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 Leisure Village East, NJ have a median income of $39,179. Therefore, the amount that a consumer should spend on housing costs should be no more than $914 per month to avoid calamity and poverty. The renters in the city have an income of about $25,281, which would make their monthly maximum allowable rental costs $590.

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 Leisure Village East, 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

ItemLeisure Village EastNational 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

ItemLeisure Village EastNational 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

ItemLeisure Village EastNational 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

ItemLeisure Village EastNational avg.Difference
Home Price $182,200.00$175,700.003.7%
Avg. Mortgage Payment $1,533.70$1,133.2335.3%
Apartment Rent $1,150.00$920.0025.0%

Transportation

ItemLeisure Village EastNational avg.Difference
Gasoline $1.92$1.993.6%
Tire Balancing $59.07$45.7629.1%

Utilities

ItemLeisure Village EastNational 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.
Cedar Glen West, NJ95583-17%
Cedar Glen Lakes, NJ1,52790-10%
Pine Ridge at Crestwood, NJ2,23992-8%
Crestwood Village, NJ7,70395-5%
Silver Ridge, NJ1,44798-2%
Leisure Village East, NJ3,6891099%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Carthage, NY3,68996-4%
Emerald Isle, NC3,68912727%
Waikapu, HI3,68917272%
Forsyth, IL3,6901022%
Brimfield, OH3,69193-7%
Leisure Village East, NJ3,6891099%
Source: The Leisure Village East, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.