Pomona 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.
IndexPomonaNew JerseyNational
Cost of living index118127100
IndexPomonaNew JerseyNational
Goods & Services index108114100
Groceries index116104100
Health care index106100100
Housing index130166100
Transportation index115107100
Utilities index124110100
The above illustration supplies generalized information for the Pomona, NJ cost of living index. Compared to other cities in New Jersey and cities across the country, the cost of living index in Pomona, NJ is 118, which is 7% lower than the New Jersey average and 18% 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 Pomona, 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 Pomona is 7% lower than the New Jersey average.
  • The cost of living in Pomona is 18% higher than the national average.
  • The cost of housing in Pomona is 30% 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 Pomona, NJ Cost of living To Other Cities

Salary Calculator

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Health care index
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Using the salary calculator lets you compare the salary you earn in Pomona, NJ to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Pomona, NJ, you have to earn a higher income in order to still have the same standard of living. To operate the Pomona, NJ salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$75,807$6,317$1,769$2,274
Renters$28,839$2,403$673$865
The affordability of the housing market in Pomona, 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 Pomona, NJ homeowners, the median income is $75,807. This indicates that a monthly maximum of $1,769 should be spent by homeowners on all housing related costs. Renters have a median income of $28,839. This indicates that renters should have a maximum of $673 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 assessing the complete cost of living in Pomona, NJ, the New Jersey income tax and the New Jersey sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The New Jersey maximum surtax is 7%, and the New Jersey sales tax is 7%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 1.4% to 8.97% in New Jersey.

Goods & Services

ItemPomonaNational 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

ItemPomonaNational 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

ItemPomonaNational 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

ItemPomonaNational avg.Difference
Home Price $250,300.00$175,700.0042.5%
Avg. Mortgage Payment $1,520.01$1,133.2334.1%
Apartment Rent $919.00$920.000.1%

Transportation

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

Utilities

ItemPomonaNational 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.
Elwood, NJ1,6131022%
Pleasantville, NJ20,4361088%
Egg Harbor City, NJ4,2531099%
Atlantic City, NJ39,52111111%
Mays Landing, NJ1,71411212%
Pomona, NJ7,16411818%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bridge City, LA7,16388-12%
Seaford, DE7,16398-2%
Mendota, IL7,16186-14%
Guadalupe, CA7,16011111%
Albertville, MN7,1591055%
Pomona, NJ7,16411818%
Source: The Pomona, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.