High Bridge 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.
IndexHigh BridgeNew JerseyNational
Cost of living index117123100
IndexHigh BridgeNew JerseyNational
Goods & Services index114111100
Groceries index107110100
Health care index104102100
Housing index133158100
Transportation index107110100
Utilities index104100100
Displayed above is a general overview of the High Bridge, NJ cost of living index. The overall cost of living index in High Bridge, NJ is 117, which is 5% lower than the New Jersey average and 17% 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 High Bridge, NJ are 3% higher than the New Jersey average and 14% higher than the national average.
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Did you know?

  • The cost of living in High Bridge is 5% lower than the New Jersey average.
  • The cost of living in High Bridge is 17% higher than the national average.
  • The cost of housing in High Bridge is 33% 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.

Compare High Bridge, NJ Cost of living To Other Cities

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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
      The salary calculator allows you to compare how much your current salary in High Bridge, NJ would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than High Bridge, NJ, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The High Bridge, NJ salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$103,365$8,614$2,412$3,101
      Renters$49,167$4,097$1,147$1,475
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in High Bridge, 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 High Bridge, NJ homeowners, is $103,365. This would allow for a maximum of $2,412 per month to be spent on housing costs. For renters, the median monthly income is $49,167 which would result in a maximum of $1,147 to be spent on rental 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%
      For those who live in High Bridge, NJ and want to know what the true cost of living is, they ought to look at both the New Jersey income tax rate and the New Jersey sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In New Jersey, the sales tax is 6.625%, while the most you'll pay in surtax is 12.625%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in New Jersey, the income tax rate ranges between 1.4% to 10.75%.

      Goods & Services

      ItemHigh BridgeNational avg.Difference
      Haircut $21.60$17.4923.5%
      Beauty Salon $40.80$38.176.9%
      Toothpaste $1.99$2.3214.3%
      Shampoo $1.09$1.017.7%
      Movie $12.01$10.7212.0%
      Bowling $18.00$13.8629.9%

      Groceries

      ItemHigh BridgeNational avg.Difference
      Ground Beef $3.85$3.901.3%
      Fried Chicken $1.49$1.406.8%
      Milk $2.23$1.9613.6%
      Potatoes $3.19$3.180.2%
      Pizza $12.19$10.3917.3%
      Beer $9.19$9.230.4%

      Health Care

      ItemHigh BridgeNational avg.Difference
      Optometrist $105.00$106.341.3%
      Doctor $99.00$115.2514.1%
      Dentist $115.00$98.3816.9%
      Ibuprofen $8.69$9.266.2%
      Lipitor $518.17$466.4711.1%

      Housing

      ItemHigh BridgeNational avg.Difference
      Home Price $240,000.00$184,700.0029.9%
      Avg. Mortgage Payment $1,998.40$1,273.3256.9%
      Apartment Rent $1,341.00$949.0041.3%

      Transportation

      ItemHigh BridgeNational avg.Difference
      Gasoline $2.72$2.595.1%
      Tire Balancing $55.99$48.9014.5%

      Utilities

      ItemHigh BridgeNational avg.Difference
      All Electricity$184.00$167.609.8%
      Phone $177.03$163.428.3%
      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.
      Port Murray, NJ981033%
      Bridgeville, NJ1351033%
      Buttzville, NJ701033%
      Port Colden, NJ1181033%
      Oxford, NJ1,06398-2%
      High Bridge, NJ3,56411717%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Long Lake, IL3,5641022%
      Valhalla, NY3,56616767%
      Port Hadlock-Irondale, WA3,5661077%
      Black River Falls, WI3,56686-14%
      Pen Argyl, PA3,56796-4%
      High Bridge, NJ3,56411717%
      Source: The High Bridge, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.