North Wildwood 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 WildwoodNew JerseyNational
Cost of living index130127100
IndexNorth WildwoodNew JerseyNational
Goods & Services index105114100
Groceries index105104100
Health care index96100100
Housing index191166100
Transportation index95107100
Utilities index109110100
A general overview of the cost of living index for North Wildwood, NJ is displayed above. In North Wildwood, NJ, the overall cost of living index is 130, which is 2% higher than the New Jersey average and 30% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of North Wildwood, NJ, the city's goods and services are 8% lower than the New Jersey average and 5% higher than the U.S. average.

Did you know?

  • The cost of living in North Wildwood is 2% higher than the New Jersey average.
  • The cost of living in North Wildwood is 30% higher than the national average.
  • The cost of housing in North Wildwood is 91% 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 Wildwood, NJ Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Health care index
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Utilities index
The salary calculator allows you to compare how much your current salary in North Wildwood, NJ would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than North Wildwood, NJ, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The North Wildwood, NJ salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in North Wildwood, 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 North Wildwood, NJ homeowners, is $44,679. This would allow for a maximum of $1,042 per month to be spent on housing costs. For renters, the median monthly income is $30,977 which would result in a maximum of $723 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%
One thing to keep in mind when considering the cost of living in North Wildwood, 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 WildwoodNational avg.Difference
Haircut $12.33$15.5620.8%
Beauty Salon $33.33$36.117.7%
Toothpaste $2.63$2.476.2%
Shampoo $1.05$0.968.8%
Movie $11.67$10.1315.2%
Bowling $4.79$4.741.2%


ItemNorth WildwoodNational avg.Difference
Ground Beef $4.77$3.9819.8%
Fried Chicken $1.59$1.4112.8%
Milk $2.02$2.062.3%
Potatoes $3.74$2.9825.3%
Pizza $9.61$9.471.4%
Beer $9.66$8.799.8%

Health Care

ItemNorth WildwoodNational avg.Difference
Optometrist $131.00$101.0429.6%
Doctor $82.39$107.4423.3%
Dentist $88.34$90.422.3%
Ibuprofen $9.90$9.286.7%
Lipitor $434.08$426.501.8%


ItemNorth WildwoodNational avg.Difference
Home Price $388,300.00$175,700.00121.0%
Avg. Mortgage Payment $861.28$1,133.2324.0%
Apartment Rent $1,120.00$920.0021.7%


ItemNorth WildwoodNational avg.Difference
Gasoline $1.88$1.995.6%
Tire Balancing $43.80$45.764.3%


ItemNorth WildwoodNational avg.Difference
All Electricity$182.99$163.8111.7%
Phone $29.95$28.395.5%
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.
Whitesboro, NJ2,07098-2%
Villas, NJ9,1991088%
Wildwood, NJ5,2551099%
Rio Grande, NJ2,35311010%
North Cape May, NJ2,86011111%
North Wildwood, NJ3,99513030%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Gamewell, NC3,99686-14%
Lincoln Village, CA3,99611010%
Lolo, MT3,9941022%
Lebanon, IL3,99890-10%
Wayzata, MN3,99114141%
North Wildwood, NJ3,99513030%
Source: The North Wildwood, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.