Wildwood 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.
IndexWildwoodNew JerseyNational
Cost of living index111131100
IndexWildwoodNew JerseyNational
Goods & Services index107118100
Groceries index107116100
Health care index102111100
Housing index121166100
Transportation index101118100
Utilities index114110100
Here we can see a simple outline of the cost of living in Wildwood, NJ. As you can see, with the average cost of living in Wildwood, NJ being 111, that puts it 15% lower than the average of New Jersey and 11% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Wildwood, NJ, the price of goods and services are 9% lower than the average of New Jersey as well as 7% higher than the nation's average.

Did you know?

  • The cost of living in Wildwood is 15% lower than the New Jersey average.
  • The cost of living in Wildwood is 11% higher than the national average.
  • The cost of housing in Wildwood is 21% 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 Wildwood


New Real Estate Listings In Wildwood

Compare Wildwood, 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 Wildwood, 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 Wildwood, NJ, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Wildwood, 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)
The affordability of the housing market in Wildwood, NJ as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Wildwood, NJ homeowners, the median income is $52,177. This indicates that a monthly maximum of $1,217 should be spent by homeowners on all housing related costs. Renters have a median income of $17,114. This indicates that renters should have a maximum of $399 used for their rent related monthly 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 Wildwood, 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

ItemWildwoodNational avg.Difference
Haircut $13.00$14.5910.9%
Beauty Salon $37.50$34.688.1%
Toothpaste $2.98$2.4720.5%
Shampoo $1.03$1.020.8%
Movie $10.50$9.876.4%
Bowling $3.99$4.399.1%


ItemWildwoodNational avg.Difference
Ground Beef $4.59$4.482.5%
Fried Chicken $1.72$1.4617.5%
Milk $1.95$2.3617.3%
Potatoes $3.99$3.0630.3%
Pizza $8.49$9.248.1%
Beer $8.74$8.631.2%

Health Care

ItemWildwoodNational avg.Difference
Optometrist $135.00$99.7835.3%
Doctor $87.50$105.0316.7%
Dentist $92.50$88.704.3%
Ibuprofen $10.46$9.4111.1%
Lipitor $320.25$298.507.3%


ItemWildwoodNational avg.Difference
Home Price $234,600.00$175,700.0033.5%
Avg. Mortgage Payment $825.43$1,081.0323.6%
Apartment Rent $834.00$920.009.3%


ItemWildwoodNational avg.Difference
Gasoline $2.09$2.090.1%
Tire Balancing $47.50$45.294.9%


ItemWildwoodNational avg.Difference
All Electricity$204.71$170.8019.9%
Phone $29.95$28.266.0%
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.
Whitesboro, NJ2,0701000%
Villas, NJ9,19911111%
Rio Grande, NJ2,35311212%
North Cape May, NJ2,86011313%
West Wildwood, NJ52211414%
Wildwood, NJ5,25511111%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
San Leon, TX5,25588-12%
Bangor, PA5,2561055%
Whitmore Village, HI5,25417171%
Glenwood, IA5,25388-12%
Cavalero, WA5,25112525%
Wildwood, NJ5,25511111%
Source: The Wildwood, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.