Roselle Park 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.
IndexRoselle ParkNew JerseyNational
Cost of living index121131100
IndexRoselle ParkNew JerseyNational
Goods & Services index115118100
Groceries index106116100
Health care index107111100
Housing index148166100
Transportation index111118100
Utilities index98110100
A general overview of the cost of living index for Roselle Park, NJ is displayed above. In Roselle Park, NJ, the overall cost of living index is 121, which is 7% lower than the New Jersey average and 21% 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 Roselle Park, NJ, the city's goods and services are 3% lower than the New Jersey average and 15% higher than the U.S. average.

Did you know?

  • The cost of living in Roselle Park is 7% lower than the New Jersey average.
  • The cost of living in Roselle Park is 21% higher than the national average.
  • The cost of housing in Roselle Park is 48% 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 Roselle Park, NJ Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Roselle Park, NJ to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Roselle Park, NJ, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Roselle Park, NJ salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$91,250$7,604$2,129$2,738
Renters$38,521$3,210$899$1,156
One can approximate the cost of living and the housing affordability in Roselle Park, NJ by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Roselle Park, NJ have a median income of $91,250. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,129 per month to avoid calamity and poverty. The renters in the city have an income of about $38,521, which would make their monthly maximum allowable rental costs $899.

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 Roselle Park, 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

ItemRoselle ParkNational 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

ItemRoselle ParkNational 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

ItemRoselle ParkNational 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

ItemRoselle ParkNational avg.Difference
Home Price $275,000.00$175,700.0056.5%
Avg. Mortgage Payment $1,790.20$1,081.0365.6%
Apartment Rent $1,181.00$920.0028.4%

Transportation

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

Utilities

ItemRoselle ParkNational 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.
Victory Gardens, NJ1,64611212%
East Orange, NJ64,53811313%
Keansburg, NJ10,01113333%
Newark, NJ278,75011414%
Roselle, NJ21,34811414%
Roselle Park, NJ13,46512121%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Fruitville, FL13,4621066%
Englewood, OH13,46893-7%
Livingston, CA13,4611044%
Thonotosassa, FL13,46192-8%
Teays Valley, WV13,4611011%
Roselle Park, NJ13,46512121%
Source: The Roselle Park, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.