Mount Ephraim 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.
IndexMount EphraimNew JerseyNational
Cost of living index110127100
IndexMount EphraimNew JerseyNational
Goods & Services index108114100
Groceries index116104100
Health care index106100100
Housing index103166100
Transportation index115107100
Utilities index124110100
An overview of the general cost of living index for Mount Ephraim, NJ is displayed above for your reference. Residents in Mount Ephraim, NJ enjoy a cost of living index of 110. This index is 13% lower than the New Jersey average, and 10% 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 Mount Ephraim, NJ, the average cost of goods and services is 5% lower than it is in New Jersey, and it is 8% higher than the national average.

Did you know?

  • The cost of living in Mount Ephraim is 13% lower than the New Jersey average.
  • The cost of living in Mount Ephraim is 10% higher than the national average.
  • The cost of housing in Mount Ephraim is 3% 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 Mount Ephraim, NJ Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Mount Ephraim, NJ to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Mount Ephraim, NJ, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Mount Ephraim, NJ salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$70,603$5,884$1,647$2,118
Renters$27,679$2,307$646$830
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Mount Ephraim, NJ as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Mount Ephraim, NJ homeowners, is $70,603. This would allow for a maximum of $1,647 per month to be spent on housing costs. For renters, the median monthly income is $27,679 which would result in a maximum of $646 to be spent on rental costs.

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 Mount Ephraim, 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

ItemMount EphraimNational avg.Difference
Haircut $17.96$15.5615.4%
Beauty Salon $54.38$36.1150.6%
Toothpaste $2.34$2.475.5%
Shampoo $0.99$0.962.6%
Movie $11.55$10.1314.0%
Bowling $5.13$4.748.4%

Groceries

ItemMount EphraimNational avg.Difference
Ground Beef $3.87$3.983.0%
Fried Chicken $1.68$1.4119.2%
Milk $1.97$2.064.5%
Potatoes $3.44$2.9815.2%
Pizza $10.38$9.479.6%
Beer $8.18$8.797.0%

Health Care

ItemMount EphraimNational avg.Difference
Optometrist $102.70$101.041.6%
Doctor $124.15$107.4415.6%
Dentist $97.92$90.428.3%
Ibuprofen $9.59$9.283.3%
Lipitor $386.87$426.509.3%

Housing

ItemMount EphraimNational avg.Difference
Home Price $180,800.00$175,700.002.9%
Avg. Mortgage Payment $1,520.01$1,133.2334.1%
Apartment Rent $964.00$920.004.8%

Transportation

ItemMount EphraimNational avg.Difference
Gasoline $2.23$1.9911.9%
Tire Balancing $55.56$45.7621.4%

Utilities

ItemMount EphraimNational avg.Difference
All Electricity$182.53$163.8111.4%
Phone $40.01$28.3940.9%
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.
Tavistock, NJ911313%
Pine Valley, NJ211313%
Arcadia University, PA62311313%
Prospect Park, PA28892-8%
Audubon Park, NJ1,05194-6%
Mount Ephraim, NJ4,66911010%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Prairie Grove, AR4,67087-13%
Massanetta Springs, VA4,66812323%
Wilton, CA4,67013333%
Yosemite Lakes, CA4,66811919%
Lake Worth, TX4,67193-7%
Mount Ephraim, NJ4,66911010%
Source: The Mount Ephraim, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.