Paulsboro 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.
IndexPaulsboroNew JerseyNational
Cost of living index103127100
IndexPaulsboroNew JerseyNational
Goods & Services index108114100
Groceries index116104100
Health care index106100100
Housing index81166100
Transportation index115107100
Utilities index124110100
The above illustration supplies generalized information for the Paulsboro, NJ cost of living index. Compared to other cities in New Jersey and cities across the country, the cost of living index in Paulsboro, NJ is 103, which is 19% lower than the New Jersey average and 3% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Paulsboro, NJ are 5% lower than the average for New Jersey and 8% higher than the rest of the country.

Did you know?

  • The cost of living in Paulsboro is 19% lower than the New Jersey average.
  • The cost of living in Paulsboro is 3% higher than the national average.
  • The cost of housing in Paulsboro is 19% lower 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 Paulsboro, NJ Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in Paulsboro, 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 Paulsboro, NJ, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Paulsboro, 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)
Owners$55,389$4,616$1,292$1,662
Renters$17,787$1,482$415$534
The affordability of the housing market in Paulsboro, NJ as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Paulsboro, NJ homeowners, the median income is $55,389. This indicates that a monthly maximum of $1,292 should be spent by homeowners on all housing related costs. Renters have a median income of $17,787. This indicates that renters should have a maximum of $415 used for their rent related monthly 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%
When considering the overall cost of living expenses in Paulsboro, NJ, it's important to take into account the sales tax for New Jersey, as well as the rate for income tax in New Jersey. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for New Jersey is 7%, and the sales tax in the state of New Jersey is 7%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in New Jersey starts from 1.4% and goes up to 8.97%.

Goods & Services

ItemPaulsboroNational 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

ItemPaulsboroNational 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

ItemPaulsboroNational 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

ItemPaulsboroNational avg.Difference
Home Price $131,700.00$175,700.0025.0%
Avg. Mortgage Payment $1,520.01$1,133.2334.1%
Apartment Rent $889.00$920.003.4%

Transportation

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

Utilities

ItemPaulsboroNational 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%
Prospect Park, PA28892-8%
Audubon Park, NJ1,05194-6%
Chester, PA34,00791-9%
Paulsboro, NJ6,0411033%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Fort Shawnee, OH6,04091-9%
Union Beach, NJ6,04012424%
Port Clinton, OH6,03888-12%
Air Force Academy, CO6,04611313%
Pacific, MO6,04793-7%
Paulsboro, NJ6,0411033%
Source: The Paulsboro, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.