Crestwood Village 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.
IndexCrestwood VillageNew JerseyNational
Cost of living index92123100
IndexCrestwood VillageNew JerseyNational
Goods & Services index105111100
Groceries index117110100
Health care index103102100
Housing index53158100
Transportation index115110100
Utilities index108100100
The above illustration supplies generalized information for the Crestwood Village, NJ cost of living index. Compared to other cities in New Jersey and cities across the country, the cost of living index in Crestwood Village, NJ is 92, which is 25% lower than the New Jersey average and 8% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Crestwood Village, NJ are 6% lower than the average for New Jersey and 5% higher than the rest of the country.

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Did you know?

  • The cost of living in Crestwood Village is 25% lower than the New Jersey average.
  • The cost of living in Crestwood Village is 8% lower than the national average.
  • The cost of housing in Crestwood Village is 47% lower 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.

Compare Crestwood Village, NJ Cost of living To Other Cities

Salary Calculator

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Groceries index
Health care index
Housing index
Transportation index
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The salary calculator is used in order to provide a comparison of your current salary in Crestwood Village, NJ to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Crestwood Village, NJ, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Crestwood Village, NJ salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
If you want to find a good determining factor for the cost of living and the general affordability of housing in Crestwood Village, NJ, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Crestwood Village, NJ, the median monthly income is $29,192 for those who own their own homes. Under the standard rule, that income level would allow for $681 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $21,566, per the median income in the area. That would allow for renters to spend up to $503 on monthly rental expenses.

New Jersey Sales Tax

StateGeneral Sales TaxWith Max Surtax
New Jersey6.625%12.625%

New Jersey Income Tax

StateIncome Tax (Low)Income Tax (High)
New Jersey1.4%8.97%
When assessing the complete cost of living in Crestwood Village, NJ, the New Jersey income tax and the New Jersey sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The New Jersey maximum surtax is 12.625%, and the New Jersey sales tax is 6.625%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 1.4% to 8.97% in New Jersey.

Goods & Services

ItemCrestwood VillageNational avg.Difference
Haircut $19.40$17.4910.9%
Beauty Salon $61.00$38.1759.8%
Toothpaste $2.02$2.3213.0%
Shampoo $0.99$1.012.2%
Movie $12.10$10.7212.8%
Bowling $18.40$13.8632.7%


ItemCrestwood VillageNational avg.Difference
Ground Beef $3.94$3.901.0%
Fried Chicken $1.49$1.406.8%
Milk $2.16$1.9610.1%
Potatoes $3.66$3.1815.0%
Pizza $10.50$10.391.0%
Beer $8.71$9.235.6%

Health Care

ItemCrestwood VillageNational avg.Difference
Optometrist $103.33$106.342.8%
Doctor $133.33$115.2515.7%
Dentist $103.33$98.385.0%
Ibuprofen $10.32$9.2611.4%
Lipitor $389.17$466.4716.6%


ItemCrestwood VillageNational avg.Difference
Home Price $71,300.00$184,700.0061.4%
Avg. Mortgage Payment $1,429.36$1,273.3212.3%
Apartment Rent $827.00$949.0012.9%


ItemCrestwood VillageNational avg.Difference
Gasoline $2.89$2.5911.4%
Tire Balancing $61.00$48.9024.8%


ItemCrestwood VillageNational avg.Difference
All Electricity$185.76$167.6010.8%
Phone $189.24$163.4215.8%
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, NJ1,04083-17%
Cedar Glen Lakes, NJ1,49987-13%
Pine Ridge at Crestwood, NJ2,23692-8%
Leisure Village, NJ4,16197-3%
Leisure Village West, NJ3,2011000%
Crestwood Village, NJ8,13592-8%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Latrobe, PA8,13590-10%
Cedar Hills, OR8,13512828%
Shiprock, NM8,13578-22%
West Haven-Sylvan, OR8,13114040%
Flushing, MI8,12990-10%
Crestwood Village, NJ8,13592-8%
Source: The Crestwood Village, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.
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