Stratford 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.
IndexStratfordNew JerseyNational
Cost of living index110127100
IndexStratfordNew JerseyNational
Goods & Services index108114100
Groceries index116104100
Health care index106100100
Housing index103166100
Transportation index115107100
Utilities index124110100
A general summary of the cost of living index in Stratford, NJ is shown above. Compared to the state average of New Jersey the cost of living index in Stratford, NJ is 110, which is 13% lower than the average in New Jersey and compared to the national average it is 10% 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 Stratford, NJ goods and services come in at 5% lower than the average in New Jersey and are 8% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Stratford is 13% lower than the New Jersey average.
  • The cost of living in Stratford is 10% higher than the national average.
  • The cost of housing in Stratford is 3% 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.

Find Real Estate Listings In Stratford

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Stratford

Compare Stratford, NJ Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Stratford, 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 Stratford, NJ, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Stratford, 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$84,063$7,005$1,961$2,522
Renters$27,684$2,307$646$831
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Stratford, 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 Stratford, NJ homeowners, is $84,063. This would allow for a maximum of $1,961 per month to be spent on housing costs. For renters, the median monthly income is $27,684 which would result in a maximum of $646 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%
The New Jersey sales tax and New Jersey income tax rates should definitely be considered when determining the overall cost of living in Stratford, NJ. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The New Jersey sales tax is 7% and the maximum surtax is 7%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The New Jersey income tax rates range from 1.4% to 8.97%.

Goods & Services

ItemStratfordNational avg.Difference
Haircut $17.96$15.5615.4%
Beauty Salon $54.38$36.1150.6%
Toothpaste $2.34$2.475.5%
Shampoo $0.99$0.962.6%
Movie $11.55$10.1314.0%
Bowling $5.13$4.748.4%

Groceries

ItemStratfordNational avg.Difference
Ground Beef $3.87$3.983.0%
Fried Chicken $1.68$1.4119.2%
Milk $1.97$2.064.5%
Potatoes $3.44$2.9815.2%
Pizza $10.38$9.479.6%
Beer $8.18$8.797.0%

Health Care

ItemStratfordNational avg.Difference
Optometrist $102.70$101.041.6%
Doctor $124.15$107.4415.6%
Dentist $97.92$90.428.3%
Ibuprofen $9.59$9.283.3%
Lipitor $386.87$426.509.3%

Housing

ItemStratfordNational avg.Difference
Home Price $191,300.00$175,700.008.9%
Avg. Mortgage Payment $1,520.01$1,133.2334.1%
Apartment Rent $832.00$920.009.6%

Transportation

ItemStratfordNational avg.Difference
Gasoline $2.23$1.9911.9%
Tire Balancing $55.56$45.7621.4%

Utilities

ItemStratfordNational avg.Difference
All Electricity$182.53$163.8111.4%
Phone $40.01$28.3940.9%
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.
Pine Valley, NJ211313%
Tavistock, NJ911313%
Audubon Park, NJ1,05194-6%
Camden, NJ77,29498-2%
Darby, PA10,68998-2%
Stratford, NJ6,99711010%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Russellville, KY6,99881-19%
Umatilla, OR6,99888-12%
Tamaqua, PA6,99485-15%
Longboat Key, FL7,00316262%
Fayetteville, TN6,99187-13%
Stratford, NJ6,99711010%
Source: The Stratford, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.