Cost Of Living in Emerson, NJ

F

61%

Overall NAT. AVG.

27%

Goods & Services NAT. AVG.

160%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Emerson	New Jersey	National
Cost of living	161	121	100
Goods & Services	127	106	100
Groceries	113	102	100
Health care	121	99	100
Housing	260	158	100
Transportation	115	103	100
Utilities	102	107	100

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Cost Of Living Quick Facts

The cost of living in Emerson is 33% higher than the New Jersey average
The cost of living in Emerson is 61% higher than the national average
Emerson housing is 160% higher than the national average
New Jersey general sales tax is 30% higher than the national average
New Jersey state income tax is 38% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$133,852	$11,154	$3,123	$4,016
Renters	$73,750	$6,146	$1,721	$2,213

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Emerson, 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 Emerson homeowners, is $133,852. This would allow for a maximum of $3,123 per month to be spent on housing costs. For renters, the median monthly income is $73,750 which would result in a maximum of $1,721 to be spent on rental costs.

New Jersey Sales Tax

State	General Sales Tax	With Max Surtax
New Jersey	6.625%	12.625%

New Jersey Income Tax

State	Income Tax (Low)	Income Tax (High)
New Jersey	1.4%	10.75%

Goods & Services

Item	Emerson	National avg.	Difference
Haircut	$34.94	$24.26	44.0%
Beauty Salon	$64.07	$45.56	40.6%
Toothpaste	$3.96	$3.70	7.0%
Shampoo	$1.69	$1.28	32.3%
Movie	$13.68	$12.13	12.8%
Bowling	$29.40	$18.00	63.3%

Groceries

Item	Emerson	National avg.	Difference
Ground Beef	$5.87	$5.84	0.6%
Fried Chicken	$1.46	$1.57	6.9%
Milk	$4.97	$4.67	6.3%
Potatoes	$5.21	$4.93	5.7%
Pizza	$12.57	$12.09	4.0%
Beer	$11.87	$10.41	14.0%

Health Care

Item	Emerson	National avg.	Difference
Optometrist	$128.97	$125.68	2.6%
Doctor	$162.24	$135.78	19.5%
Dentist	$149.64	$113.29	32.1%
Ibuprofen	$11.15	$10.65	4.6%
Lipitor	$402.75	$468.60	14.1%

Housing

Item	Emerson	National avg.	Difference
Home Price	$532,200.00	$184,700.00	188.1%
Avg. Mortgage Payment	$6,916.73	$2,346.69	194.7%
Apartment Rent	$1,845.00	$949.00	94.4%

Transportation

Item	Emerson	National avg.	Difference
Gasoline	$3.55	$3.46	2.5%
Tire Balancing	$86.43	$59.92	44.2%

Utilities

Item	Emerson	National avg.	Difference
All Electricity	$201.27	$193.99	3.8%
Phone	$200.67	$192.25	4.4%

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	Population	Cost of Living Index	National Avg.
Greenville CDP (Greene County), NY	604	106	6.1%
East Orange, NJ	64,650	111	11.1%
Silver Lake CDP (Warren County), NJ	320	113	13.2%
Paterson, NJ	145,484	115	15.3%
Haverstraw, NY	12,076	123	22.7%
Emerson, NJ	7,606	161	61.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Chehalis, WA	7,607	110	10.5%
Hales Corners, WI	7,609	107	7.2%
Oceano, CA	7,601	137	37.3%
Homeland, CA	7,613	106	5.8%
Ojai, CA	7,613	182	82.0%
Emerson, NJ	7,606	161	61.1%