Rockaway 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.
IndexRockawayNew JerseyNational
Cost of living index130131100
IndexRockawayNew JerseyNational
Goods & Services index115118100
Groceries index106116100
Health care index107111100
Housing index176166100
Transportation index111118100
Utilities index98110100
Displayed above is a general overview of the Rockaway, NJ cost of living index. The overall cost of living index in Rockaway, NJ is 130, which is 1% lower than the New Jersey average and 30% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Rockaway, NJ are 3% lower than the New Jersey average and 15% higher than the national average.

Did you know?

  • The cost of living in Rockaway is 1% lower than the New Jersey average.
  • The cost of living in Rockaway is 30% higher than the national average.
  • The cost of housing in Rockaway is 76% 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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Salary Calculator

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The salary calculator allows you to compare how much your current salary in Rockaway, 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 Rockaway, NJ, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Rockaway, 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$90,789$7,566$2,118$2,724
Renters$58,940$4,912$1,375$1,768
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Rockaway, 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 Rockaway, NJ homeowners, is $90,789. This would allow for a maximum of $2,118 per month to be spent on housing costs. For renters, the median monthly income is $58,940 which would result in a maximum of $1,375 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%
When you are determining the total cost of living in Rockaway, NJ you will want to make sure you consider both the New Jersey sales tax and the New Jersey income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in New Jersey is 7%, with the highest surtax being 7%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in New Jersey have a range from 1.4% to 8.97%.

Goods & Services

ItemRockawayNational avg.Difference
Haircut $19.00$14.5930.2%
Beauty Salon $33.75$34.682.7%
Toothpaste $2.29$2.477.4%
Shampoo $1.00$1.022.2%
Movie $11.70$9.8718.6%
Bowling $4.55$4.393.6%

Groceries

ItemRockawayNational avg.Difference
Ground Beef $4.39$4.481.9%
Fried Chicken $1.99$1.4635.9%
Milk $2.77$2.3617.5%
Potatoes $3.39$3.0610.7%
Pizza $8.00$9.2413.4%
Beer $9.19$8.636.5%

Health Care

ItemRockawayNational avg.Difference
Optometrist $91.25$99.788.5%
Doctor $90.00$105.0314.3%
Dentist $107.25$88.7020.9%
Ibuprofen $9.49$9.410.8%
Lipitor $341.01$298.5014.2%

Housing

ItemRockawayNational avg.Difference
Home Price $344,300.00$175,700.0096.0%
Avg. Mortgage Payment $1,790.20$1,081.0365.6%
Apartment Rent $1,194.00$920.0029.8%

Transportation

ItemRockawayNational avg.Difference
Gasoline $2.17$2.093.7%
Tire Balancing $59.16$45.2930.6%

Utilities

ItemRockawayNational avg.Difference
All Electricity$159.41$170.806.7%
Phone $29.75$28.265.3%
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.
Byram Center, NJ501099%
Victory Gardens, NJ1,64611212%
Franklin, NJ4,99411313%
Newton, NJ7,99911414%
Stanhope, NJ3,54311616%
Rockaway, NJ6,48013030%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Ambler, PA6,48112121%
Hewlett, NY6,48116767%
Seaside, OR6,48112323%
Millersville, TN6,48196-4%
East Foothills, CA6,47916969%
Rockaway, NJ6,48013030%
Source: The Rockaway, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.