Island Heights, New Jersey Cost Of Living

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F

Overall 36%

Goods & Services 8%

Housing 103%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; 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	Island Heights	New Jersey	National
Cost of living	136	121	100
Goods & Services	108	105	100
Groceries	109	107	100
Health care	99	96	100
Housing	203	158	100
Transportation	106	105	100
Utilities	105	105	100

Key findings

The cost of living in Island Heights is 12% higher than the New Jersey average
The cost of living in Island Heights is 36% higher than the national average
Island Heights housing is 103% higher than the national average
New Jersey general sales tax is 30% higher than the national average
New Jersey state income tax is 43% 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	$83,158	$6,930	$1,940	$2,495
Renters	$55,139	$4,595	$1,286	$1,654

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	Island Heights	National avg.	Difference
Haircut	$20.73	$20.27	2.3%
Beauty Salon	$34.67	$40.39	14.2%
Toothpaste	$2.31	$2.36	2.1%
Shampoo	$1.42	$1.08	31.6%
Movie	$12.60	$10.99	14.7%
Bowling	$19.27	$15.49	24.4%

Groceries

Item	Island Heights	National avg.	Difference
Ground Beef	$4.03	$4.30	6.1%
Fried Chicken	$1.97	$1.40	40.8%
Milk	$2.56	$2.20	16.4%
Potatoes	$3.26	$3.22	1.2%
Pizza	$11.26	$10.74	4.8%
Beer	$8.99	$9.60	6.3%

Health Care

Item	Island Heights	National avg.	Difference
Optometrist	$110.20	$109.73	0.4%
Doctor	$93.00	$118.34	21.4%
Dentist	$104.80	$100.94	3.8%
Ibuprofen	$9.46	$9.93	4.7%
Lipitor	$544.23	$469.53	15.9%

Housing

Item	Island Heights	National avg.	Difference
Home Price	$405,700.00	$184,700.00	119.7%
Avg. Mortgage Payment	$1,638.05	$1,229.62	33.2%
Apartment Rent	$1,544.00	$949.00	62.7%

Transportation

Item	Island Heights	National avg.	Difference
Gasoline	$2.83	$2.71	4.5%
Tire Balancing	$56.99	$51.86	9.9%

Utilities

Item	Island Heights	National avg.	Difference
All Electricity	$189.83	$170.84	11.1%
Phone	$183.25	$187.18	2.1%

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.
Cedar Glen West, NJ	1,040	81	19.1%
Cedar Glen Lakes, NJ	1,499	87	12.6%
Pine Ridge at Crestwood, NJ	2,236	90	10.4%
Crestwood Village, NJ	8,135	92	7.8%
Leisure Village, NJ	4,161	95	5.1%
Island Heights, NJ	1,613	136	35.7%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Nashua, IA	1,613	77	23.2%
Bay Springs, MS	1,613	80	20.3%
Toughkenamon, PA	1,613	124	23.7%
Monte Alto, TX	1,613	69	30.8%
Pepeekeo, HI	1,614	137	37.4%
Island Heights, NJ	1,613	136	35.7%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.