Spring Lake 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 LakeNew JerseyNational
Cost of living index212131100
IndexSpring LakeNew JerseyNational
Goods & Services index112118100
Groceries index110116100
Health care index113111100
Housing index452166100
Transportation index111118100
Utilities index97110100

Did you know?

  • The cost of living in Spring Lake is 62% higher than the New Jersey average.
  • The cost of living in Spring Lake is 112% higher than the national average.
  • The cost of housing in Spring Lake is 352% 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, NJ Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$122,604$10,217$2,861$3,678
Renters$64,188$5,349$1,498$1,926

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%

Goods & Services

ItemSpring LakeNational avg.Difference
Haircut $18.00$14.5923.3%
Beauty Salon $32.75$34.685.6%
Toothpaste $1.99$2.4719.5%
Shampoo $1.08$1.025.7%
Movie $11.70$9.8718.6%
Bowling $4.72$4.397.5%

Groceries

ItemSpring LakeNational avg.Difference
Ground Beef $4.44$4.480.8%
Fried Chicken $1.97$1.4634.6%
Milk $2.57$2.369.1%
Potatoes $3.39$3.0610.7%
Pizza $8.00$9.2413.4%
Beer $8.79$8.631.8%

Health Care

ItemSpring LakeNational avg.Difference
Optometrist $102.25$99.782.5%
Doctor $86.25$105.0317.9%
Dentist $119.50$88.7034.7%
Ibuprofen $10.32$9.419.6%
Lipitor $351.24$298.5017.7%

Housing

ItemSpring LakeNational avg.Difference
Home Price $1,662,400.00$175,700.00846.2%
Avg. Mortgage Payment $1,607.16$1,081.0348.7%
Apartment Rent $1,633.00$920.0077.5%

Transportation

ItemSpring LakeNational avg.Difference
Gasoline $2.17$2.093.7%
Tire Balancing $58.80$45.2929.8%

Utilities

ItemSpring LakeNational avg.Difference
All Electricity$155.83$170.808.8%
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.
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, NJ2,999212112%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Strasburg, CO2,9991011%
Paddock Lake, WI2,9991000%
Cornwall-on-Hudson, NY2,99813636%
Jefferson, OH2,99879-21%
Fairmount, IN2,99882-18%
Spring Lake, NJ2,999212112%
Source: The Spring Lake, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.