North Haledon 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.
IndexNorth HaledonNew JerseyNational
Cost of living index146127100
IndexNorth HaledonNew JerseyNational
Goods & Services index114114100
Groceries index106104100
Health care index100100100
Housing index230166100
Transportation index107107100
Utilities index109110100
Here we can see a simple outline of the cost of living in North Haledon, NJ. As you can see, with the average cost of living in North Haledon, NJ being 146, that puts it 15% higher than the average of New Jersey and 46% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of North Haledon, NJ, the price of goods and services are equal to the average of New Jersey as well as 14% higher than the nation's average.

Did you know?

  • The cost of living in North Haledon is 15% higher than the New Jersey average.
  • The cost of living in North Haledon is 46% higher than the national average.
  • The cost of housing in North Haledon is 130% 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 North Haledon, NJ Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in North Haledon, 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 North Haledon, NJ, then you would need to earn more income in order to maintain the same standard of living. To use the North Haledon, 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$99,893$8,324$2,331$2,997
Renters$65,784$5,482$1,535$1,974
How much of your monthly income goes to housing can tell you whether or not you can afford housing in North Haledon, NJ, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In North Haledon, NJ homeowners have a median income of $99,893. Using that number, you will come up with a maximum of $2,331 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $65,784, which means there is a maximum of $1,535 to be spent on the costs of renting a home or apartment.

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%
One thing to keep in mind when considering the cost of living in North Haledon, NJ is the New Jersey sales tax and New Jersey income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The New Jersey sales tax rate is 7% and the maximum surtax that can be charged is 7%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The New Jersey income tax rates range from 1.4% to 8.97%.

Goods & Services

ItemNorth HaledonNational avg.Difference
Haircut $21.07$15.5635.3%
Beauty Salon $37.27$36.113.2%
Toothpaste $2.00$2.4719.2%
Shampoo $0.99$0.962.6%
Movie $12.15$10.1320.0%
Bowling $4.22$4.7411.0%

Groceries

ItemNorth HaledonNational avg.Difference
Ground Beef $3.70$3.987.2%
Fried Chicken $1.60$1.4113.9%
Milk $2.41$2.0616.8%
Potatoes $2.72$2.988.7%
Pizza $8.23$9.4713.1%
Beer $8.92$8.791.5%

Health Care

ItemNorth HaledonNational avg.Difference
Optometrist $114.67$101.0413.5%
Doctor $97.00$107.449.7%
Dentist $100.58$90.4211.2%
Ibuprofen $8.64$9.286.9%
Lipitor $377.50$426.5011.5%

Housing

ItemNorth HaledonNational avg.Difference
Home Price $449,400.00$175,700.00155.8%
Avg. Mortgage Payment $1,788.76$1,133.2357.8%
Apartment Rent $1,569.00$920.0070.5%

Transportation

ItemNorth HaledonNational avg.Difference
Gasoline $1.95$1.992.3%
Tire Balancing $58.03$45.7626.8%

Utilities

ItemNorth HaledonNational avg.Difference
All Electricity$168.80$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.
East Orange, NJ64,53811313%
Silver Lake, NJ3,59411919%
Paterson, NJ146,34111919%
Haledon, NJ8,39712121%
Spring Valley, NY32,00712121%
North Haledon, NJ8,47814646%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
August, CA8,47994-6%
Birch Bay, WA8,47511414%
Audubon, PA8,48313333%
Orange Park, FL8,47296-4%
Four Corners, MD8,48614444%
North Haledon, NJ8,47814646%
Source: The North Haledon, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.