Middlesex 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.
IndexMiddlesexNew JerseyNational
Cost of living index127131100
IndexMiddlesexNew JerseyNational
Goods & Services index112118100
Groceries index110116100
Health care index113111100
Housing index168166100
Transportation index111118100
Utilities index97110100
An overview of the general cost of living index for Middlesex, NJ is displayed above for your reference. Residents in Middlesex, NJ enjoy a cost of living index of 127. This index is 3% lower than the New Jersey average, and 27% 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 Middlesex, NJ, the average cost of goods and services is 5% lower than it is in New Jersey, and it is 12% higher than the national average.

Did you know?

  • The cost of living in Middlesex is 3% lower than the New Jersey average.
  • The cost of living in Middlesex is 27% higher than the national average.
  • The cost of housing in Middlesex is 68% 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 Middlesex, NJ Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Middlesex, 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 Middlesex, NJ, you have to earn a higher income in order to still have the same standard of living. To operate the Middlesex, 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$95,884$7,990$2,237$2,877
Renters$44,421$3,702$1,036$1,333
One can approximate the cost of living and the housing affordability in Middlesex, 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 Middlesex, NJ have a median income of $95,884. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,237 per month to avoid calamity and poverty. The renters in the city have an income of about $44,421, which would make their monthly maximum allowable rental costs $1,036.

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 you are determining the total cost of living in Middlesex, NJ you will want to make sure you consider both the New Jersey sales tax and the New Jersey income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in New Jersey is 7%, with the highest surtax being 7%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in New Jersey have a range from 1.4% to 8.97%.

Goods & Services

ItemMiddlesexNational 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

ItemMiddlesexNational 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

ItemMiddlesexNational 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

ItemMiddlesexNational avg.Difference
Home Price $317,300.00$175,700.0080.6%
Avg. Mortgage Payment $1,607.16$1,081.0348.7%
Apartment Rent $1,283.00$920.0039.5%

Transportation

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

Utilities

ItemMiddlesexNational 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.
Zarephath, NJ01099%
Roselle, NJ21,34811414%
Perth Amboy, NJ51,72711717%
Plainfield, NJ50,42311717%
Spotswood, NJ8,35911919%
Middlesex, NJ13,76612727%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Crowley, TX13,76298-2%
Fort Lewis, WA13,77612323%
Longwood, FL13,77699-1%
Martinsville, VA13,74581-19%
Rendon, TX13,7431044%
Middlesex, NJ13,76612727%
Source: The Middlesex, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.