Spring Lake Heights 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.
IndexSpring Lake HeightsNew JerseyNational
Cost of living index148127100
IndexSpring Lake HeightsNew JerseyNational
Goods & Services index113114100
Groceries index102104100
Health care index102100100
Housing index240166100
Transportation index106107100
Utilities index109110100
Displayed above is a general overview of the Spring Lake Heights, NJ cost of living index. The overall cost of living index in Spring Lake Heights, NJ is 148, which is 17% higher than the New Jersey average and 48% 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 Spring Lake Heights, NJ are 1% lower than the New Jersey average and 13% higher than the national average.

Did you know?

  • The cost of living in Spring Lake Heights is 17% higher than the New Jersey average.
  • The cost of living in Spring Lake Heights is 48% higher than the national average.
  • The cost of housing in Spring Lake Heights is 140% 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 Spring Lake Heights, NJ Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in Spring Lake Heights, 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 Spring Lake Heights, NJ, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Spring Lake Heights, 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$79,740$6,645$1,860$2,392
Renters$58,542$4,879$1,366$1,756
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Spring Lake Heights, 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 Spring Lake Heights, NJ homeowners, is $79,740. This would allow for a maximum of $1,860 per month to be spent on housing costs. For renters, the median monthly income is $58,542 which would result in a maximum of $1,366 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%
One thing to keep in mind when considering the cost of living in Spring Lake Heights, 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

ItemSpring Lake HeightsNational 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

ItemSpring Lake HeightsNational 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

ItemSpring Lake HeightsNational 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

ItemSpring Lake HeightsNational avg.Difference
Home Price $488,200.00$175,700.00177.9%
Avg. Mortgage Payment $1,533.70$1,133.2335.3%
Apartment Rent $1,401.00$920.0052.3%

Transportation

ItemSpring Lake HeightsNational avg.Difference
Gasoline $1.92$1.993.6%
Tire Balancing $59.07$45.7629.1%

Utilities

ItemSpring Lake HeightsNational 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.
Cedar Glen West, NJ95583-17%
Pine Ridge at Crestwood, NJ2,23992-8%
Silver Ridge, NJ1,44798-2%
Leisure Village, NJ4,20198-2%
Leisure Village West, NJ3,2911000%
Spring Lake Heights, NJ4,69114848%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Manlius, NY4,6911033%
Palacios, TX4,69176-24%
Adairsville, GA4,69286-14%
Vandercook Lake, MI4,69087-13%
Carrollton, VA4,69311818%
Spring Lake Heights, NJ4,69114848%
Source: The Spring Lake Heights, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.