South River 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.
IndexSouth RiverNew JerseyNational
Cost of living index121127100
IndexSouth RiverNew JerseyNational
Goods & Services index113114100
Groceries index102104100
Health care index102100100
Housing index150166100
Transportation index106107100
Utilities index109110100
A general summary of the cost of living index in South River, NJ is shown above. Compared to the state average of New Jersey the cost of living index in South River, NJ is 121, which is 4% lower than the average in New Jersey and compared to the national average it is 21% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In South River, NJ goods and services come in at 1% lower than the average in New Jersey and are 13% higher than compared to the nationwide average.

Did you know?

  • The cost of living in South River is 4% lower than the New Jersey average.
  • The cost of living in South River is 21% higher than the national average.
  • The cost of housing in South River is 50% 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 South River, NJ Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Groceries index
Health care index
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The salary calculator is meant to help you compare your salary in South River, NJ to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in South River, NJ, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the South River, NJ salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$81,260$6,772$1,896$2,438
Renters$38,518$3,210$899$1,156
How much of your monthly income goes to housing can tell you whether or not you can afford housing in South River, 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 South River, NJ homeowners have a median income of $81,260. Using that number, you will come up with a maximum of $1,896 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $38,518, which means there is a maximum of $899 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%
When assessing the complete cost of living in South River, 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

ItemSouth RiverNational avg.Difference
Haircut $19.80$15.5627.2%
Beauty Salon $31.53$36.1112.7%
Toothpaste $2.04$2.4717.4%
Shampoo $0.96$0.960.9%
Movie $12.25$10.1321.0%
Bowling $4.44$4.746.3%

Groceries

ItemSouth RiverNational avg.Difference
Ground Beef $3.72$3.986.7%
Fried Chicken $1.42$1.411.2%
Milk $2.35$2.0613.9%
Potatoes $2.76$2.987.6%
Pizza $8.16$9.4713.8%
Beer $9.12$8.793.7%

Health Care

ItemSouth RiverNational avg.Difference
Optometrist $104.60$101.043.5%
Doctor $88.87$107.4417.3%
Dentist $110.17$90.4221.8%
Ibuprofen $8.59$9.287.4%
Lipitor $389.54$426.508.7%

Housing

ItemSouth RiverNational avg.Difference
Home Price $282,700.00$175,700.0060.9%
Avg. Mortgage Payment $1,533.70$1,133.2335.3%
Apartment Rent $1,161.00$920.0026.2%

Transportation

ItemSouth RiverNational avg.Difference
Gasoline $1.92$1.993.6%
Tire Balancing $59.07$45.7629.1%

Utilities

ItemSouth RiverNational avg.Difference
All Electricity$168.73$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.
Zarephath, NJ01099%
Rossmoor, NJ2,81498-2%
Clearbrook Park, NJ2,48911111%
Concordia, NJ3,09211111%
Keansburg, NJ10,01111313%
South River, NJ16,17712121%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Vienna, VA16,17316969%
Five Forks, SC16,17311414%
Donna, TX16,16969-31%
Willow Grove, PA16,18511919%
Shorewood, IL16,18611111%
South River, NJ16,17712121%
Source: The South River, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.