Mount Hermon 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 HermonNew JerseyNational
Cost of living index119131100
IndexMount HermonNew JerseyNational
Goods & Services index112118100
Groceries index110116100
Health care index113111100
Housing index140166100
Transportation index111118100
Utilities index97110100

Did you know?

  • The cost of living in Mount Hermon is 10% lower than the New Jersey average.
  • The cost of living in Mount Hermon is 19% higher than the national average.
  • The cost of housing in Mount Hermon is 40% 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 Hermon, 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$54,500$4,542$1,272$1,635
Renters$93,750$7,813$2,187$2,813

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

ItemMount HermonNational 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

ItemMount HermonNational 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

ItemMount HermonNational 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

ItemMount HermonNational avg.Difference
Home Price $246,700.00$175,700.0040.4%
Avg. Mortgage Payment $1,607.16$1,081.0348.7%
Apartment Rent $0.00$920.00100.0%

Transportation

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

Utilities

ItemMount HermonNational 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.
Allamuchy, NJ1001099%
Bridgeville, NJ991099%
Port Murray, NJ901099%
Delaware, NJ861099%
Ross Corner, NJ011010%
Mount Hermon, NJ13011919%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Chilcoot-Vinton, CA1301088%
Dover Hill, IN13083-17%
Guys Mills, PA13077-23%
Pocasset, OK13075-25%
Brock, NE13078-22%
Mount Hermon, NJ13011919%
Source: The Mount Hermon, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.