Carlstadt 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.
IndexCarlstadtNew JerseyNational
Cost of living index152125100
IndexCarlstadtNew JerseyNational
Goods & Services index149112100
Groceries index138105100
Health care index115104100
Housing index185158100
Transportation index130112100
Utilities index118115100
Displayed above is a general overview of the Carlstadt, NJ cost of living index. The overall cost of living index in Carlstadt, NJ is 152, which is 22% higher than the New Jersey average and 52% 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 Carlstadt, NJ are 33% higher than the New Jersey average and 49% higher than the national average.
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Did you know?

  • The cost of living in Carlstadt is 22% higher than the New Jersey average.
  • The cost of living in Carlstadt is 52% higher than the national average.
  • The cost of housing in Carlstadt is 85% higher than the national average.
  • New Jersey general sales tax is 30% higher than the national average.
  • New Jersey state income tax is 37% lower than the national average.

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Compare Carlstadt, NJ Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Carlstadt, NJ to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Carlstadt, NJ, then you would need to earn more income in order to maintain the same standard of living. To use the Carlstadt, NJ salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$92,500$7,708$2,158$2,775
Renters$67,031$5,586$1,564$2,011
The affordability of the housing market in Carlstadt, 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 Carlstadt, NJ homeowners, the median income is $92,500. This indicates that a monthly maximum of $2,158 should be spent by homeowners on all housing related costs. Renters have a median income of $67,031. This indicates that renters should have a maximum of $1,564 used for their rent related monthly costs.

New Jersey Sales Tax

StateGeneral Sales TaxWith Max Surtax
New Jersey6.625%12.875%

New Jersey Income Tax

StateIncome Tax (Low)Income Tax (High)
New Jersey1.4%8.97%
When considering the overall cost of living expenses in Carlstadt, NJ, it's important to take into account the sales tax for New Jersey, as well as the rate for income tax in New Jersey. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for New Jersey is 12.875%, and the sales tax in the state of New Jersey is 6.625%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in New Jersey starts from 1.4% and goes up to 8.97%.

Goods & Services

ItemCarlstadtNational avg.Difference
Haircut $23.67$16.0947.1%
Beauty Salon $65.00$37.3374.1%
Toothpaste $4.49$2.4583.6%
Shampoo $1.69$1.0068.9%
Movie $15.46$10.2850.4%
Bowling $13.00$4.93163.6%

Groceries

ItemCarlstadtNational avg.Difference
Ground Beef $5.38$3.8041.5%
Fried Chicken $2.08$1.4048.7%
Milk $3.24$2.0161.5%
Potatoes $4.12$3.0136.8%
Pizza $12.04$9.8921.8%
Beer $12.32$8.9038.5%

Health Care

ItemCarlstadtNational avg.Difference
Optometrist $107.00$102.164.7%
Doctor $105.00$108.363.1%
Dentist $125.00$92.5335.1%
Ibuprofen $11.99$9.2829.2%
Lipitor $435.07$425.822.2%

Housing

ItemCarlstadtNational avg.Difference
Home Price $386,200.00$184,700.00109.1%
Avg. Mortgage Payment $6,355.59$1,202.44428.6%
Apartment Rent $1,225.00$949.0029.1%

Transportation

ItemCarlstadtNational avg.Difference
Gasoline $2.45$2.249.3%
Tire Balancing $80.00$46.2972.8%

Utilities

ItemCarlstadtNational avg.Difference
All Electricity$210.06$165.9626.6%
Phone $30.99$28.688.0%
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.
Greenville CDP (Greene County), NY6041099%
East Orange, NJ64,62111111%
Roselle, NJ21,50711111%
Newark, NJ280,13911212%
Silver Lake, NJ4,00711414%
Carlstadt, NJ6,23815252%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Woodfin, NC6,24193-7%
Tellico Village, TN6,23512020%
Sky Lake, FL6,23390-10%
Johnson Lane, NV6,24412525%
University at Buffalo, NY6,23011111%
Carlstadt, NJ6,23815252%
Source: The Carlstadt, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.