Riverdale 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.
IndexRiverdaleNew JerseyNational
Cost of living index136127100
IndexRiverdaleNew JerseyNational
Goods & Services index114114100
Groceries index106104100
Health care index100100100
Housing index196166100
Transportation index107107100
Utilities index109110100
A general overview of the cost of living index for Riverdale, NJ is displayed above. In Riverdale, NJ, the overall cost of living index is 136, which is 7% higher than the New Jersey average and 36% 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 Riverdale, NJ, the city's goods and services are equal to the New Jersey average and 14% higher than the U.S. average.

Did you know?

  • The cost of living in Riverdale is 7% higher than the New Jersey average.
  • The cost of living in Riverdale is 36% higher than the national average.
  • The cost of housing in Riverdale is 96% 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 Riverdale, NJ Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Riverdale, 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 Riverdale, NJ, then you would need to earn more income in order to maintain the same standard of living. To use the Riverdale, 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$79,979$6,665$1,866$2,400
Renters$104,559$8,713$2,440$3,137
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Riverdale, 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 Riverdale, NJ homeowners have a median income of $79,979. Using that number, you will come up with a maximum of $1,866 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $104,559, which means there is a maximum of $2,440 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 Riverdale, 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

ItemRiverdaleNational 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

ItemRiverdaleNational 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

ItemRiverdaleNational 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

ItemRiverdaleNational avg.Difference
Home Price $328,700.00$175,700.0087.1%
Avg. Mortgage Payment $1,788.76$1,133.2357.8%
Apartment Rent $2,001.00$920.00117.5%

Transportation

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

Utilities

ItemRiverdaleNational 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.
Vernon Center, NJ2,0111088%
Victory Gardens, NJ1,64611212%
Franklin, NJ4,99411313%
Hamburg, NJ3,22511414%
Silver Lake, NJ3,59411919%
Riverdale, NJ3,90613636%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Brookville, PA3,90683-17%
Dunean, SC3,90687-13%
Las Lomas, TX3,90668-32%
South Alamo, TX3,90764-36%
Laureldale, PA3,90599-1%
Riverdale, NJ3,90613636%
Source: The Riverdale, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.