Neptune City 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.
IndexNeptune CityNew JerseyNational
Cost of living index141127100
IndexNeptune CityNew JerseyNational
Goods & Services index148114100
Groceries index128104100
Health care index115100100
Housing index149166100
Transportation index134107100
Utilities index127110100
An overview of the general cost of living index for Neptune City, NJ is displayed above for your reference. Residents in Neptune City, NJ enjoy a cost of living index of 141. This index is 11% higher than the New Jersey average, and 41% 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 Neptune City, NJ, the average cost of goods and services is 30% higher than it is in New Jersey, and it is 48% higher than the national average.

Did you know?

  • The cost of living in Neptune City is 11% higher than the New Jersey average.
  • The cost of living in Neptune City is 41% higher than the national average.
  • The cost of housing in Neptune City is 49% 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 Neptune City, NJ Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Neptune City, 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 Neptune City, NJ, then you would need to earn more income in order to maintain the same standard of living. To use the Neptune City, 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$92,659$7,722$2,162$2,780
Renters$41,250$3,438$962$1,238
One can approximate the cost of living and the housing affordability in Neptune City, 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 Neptune City, NJ have a median income of $92,659. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,162 per month to avoid calamity and poverty. The renters in the city have an income of about $41,250, which would make their monthly maximum allowable rental costs $962.

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%
For those who live in Neptune City, NJ and want to know what the true cost of living is, they ought to look at both the New Jersey income tax rate and the New Jersey sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In New Jersey, the sales tax is 7%, while the most you'll pay in surtax is 7%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in New Jersey, the income tax rate ranges between 1.4% to 8.97%.

Goods & Services

ItemNeptune CityNational avg.Difference
Haircut $24.02$15.5654.3%
Beauty Salon $64.92$36.1179.8%
Toothpaste $4.50$2.4782.1%
Shampoo $1.67$0.9673.1%
Movie $14.89$10.1347.1%
Bowling $13.06$4.74175.8%

Groceries

ItemNeptune CityNational avg.Difference
Ground Beef $6.10$3.9853.2%
Fried Chicken $2.04$1.4144.7%
Milk $2.45$2.0618.7%
Potatoes $3.78$2.9826.8%
Pizza $12.14$9.4728.1%
Beer $13.06$8.7948.6%

Health Care

ItemNeptune CityNational avg.Difference
Optometrist $106.66$101.045.6%
Doctor $105.00$107.442.3%
Dentist $125.00$90.4238.2%
Ibuprofen $9.99$9.287.7%
Lipitor $435.07$426.502.0%

Housing

ItemNeptune CityNational avg.Difference
Home Price $278,700.00$175,700.0058.6%
Avg. Mortgage Payment $5,496.82$1,133.23385.1%
Apartment Rent $1,161.00$920.0026.2%

Transportation

ItemNeptune CityNational avg.Difference
Gasoline $2.31$1.9916.1%
Tire Balancing $79.33$45.7673.4%

Utilities

ItemNeptune CityNational avg.Difference
All Electricity$232.72$163.8142.1%
Phone $30.77$28.398.4%
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%
Leisure Village, NJ4,20198-2%
Leisure Village West, NJ3,2911000%
Leisure Knoll, NJ2,4531066%
Leisure Village East, NJ3,6891099%
Neptune City, NJ4,84914141%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Asbury, IA4,8481011%
Dulles Town Center, VA4,84713434%
Flanders, NY4,85113737%
North Braddock, PA4,84776-24%
Willits, CA4,85311212%
Neptune City, NJ4,84914141%
Source: The Neptune City, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.