Egg Harbor City 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.
IndexEgg Harbor CityNew JerseyNational
Cost of living index103123100
IndexEgg Harbor CityNew JerseyNational
Goods & Services index105111100
Groceries index117110100
Health care index103102100
Housing index90158100
Transportation index115110100
Utilities index108100100
Here we can see a simple outline of the cost of living in Egg Harbor City, NJ. As you can see, with the average cost of living in Egg Harbor City, NJ being 103, that puts it 16% lower than the average of New Jersey and 3% 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 Egg Harbor City, NJ, the price of goods and services are 6% lower than the average of New Jersey as well as 5% higher than the nation's average.
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Did you know?

  • The cost of living in Egg Harbor City is 16% lower than the New Jersey average.
  • The cost of living in Egg Harbor City is 3% higher than the national average.
  • The cost of housing in Egg Harbor City is 10% 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 Egg Harbor City, NJ Cost of living To Other Cities

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      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      The salary calculator is used in order to provide a comparison of your current salary in Egg Harbor City, 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 Egg Harbor City, NJ, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Egg Harbor City, 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)
      Owners$72,115$6,010$1,683$2,164
      Renters$32,077$2,673$748$962
      The affordability of the housing market in Egg Harbor City, 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 Egg Harbor City, NJ homeowners, the median income is $72,115. This indicates that a monthly maximum of $1,683 should be spent by homeowners on all housing related costs. Renters have a median income of $32,077. This indicates that renters should have a maximum of $748 used for their rent related monthly costs.

      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%10.75%
      When considering the overall cost of living expenses in Egg Harbor City, 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 12.625%, 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 10.75%.

      Goods & Services

      ItemEgg Harbor CityNational 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%

      Groceries

      ItemEgg Harbor CityNational 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

      ItemEgg Harbor CityNational 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%

      Housing

      ItemEgg Harbor CityNational avg.Difference
      Home Price $153,900.00$184,700.0016.7%
      Avg. Mortgage Payment $1,429.36$1,273.3212.3%
      Apartment Rent $1,007.00$949.006.1%

      Transportation

      ItemEgg Harbor CityNational avg.Difference
      Gasoline $2.89$2.5911.4%
      Tire Balancing $61.00$48.9024.8%

      Utilities

      ItemEgg Harbor CityNational 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.
      Elwood, NJ1,44097-3%
      Chesilhurst, NJ1,6391044%
      Collings Lakes, NJ1,5031044%
      Atlantic City, NJ39,3061055%
      Pleasantville, NJ20,5321055%
      Egg Harbor City, NJ4,2431033%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Samoset, FL4,24396-4%
      Buhl, ID4,24380-20%
      Spurgeon, TN4,24489-11%
      Lonoke, AR4,24485-15%
      Parker, TX4,24114343%
      Egg Harbor City, NJ4,2431033%
      Source: The Egg Harbor City, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.