McGinley Square 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.
IndexMcGinley SquareJersey CityNew Jersey
Cost of living index137146125
IndexMcGinley SquareJersey CityNew Jersey
Goods & Services index149149112
Groceries index138138105
Health care index115115104
Housing index135165158
Transportation index130130112
Utilities index118118115

Did you know?

  • The cost of living in McGinley Square is 10% higher than the Jersey City average.
  • The cost of living in McGinley Square is 37% higher than the national average.
  • The cost of housing in McGinley Square is 35% 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.

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Household$43,778$3,648$1,021$1,313

New Jersey Sales Tax

StateGeneral Sales TaxWith Max Surtax
New Jersey6.625%12.875%

New Jersey Income Tax

StateIncome Tax (Low)Income Tax (High)
New Jersey1.4%8.97%

Goods & Services

ItemJersey CityNational avg.Difference
Haircut $23.67$16.0947.1%
Beauty Salon $65.00$37.3374.1%
Toothpaste $4.49$2.4583.6%
Shampoo $1.69$1.0068.9%
Movie $15.46$10.2850.4%
Bowling $13.00$4.93163.6%

Groceries

ItemJersey CityNational avg.Difference
Ground Beef $5.38$3.8041.5%
Fried Chicken $2.08$1.4048.7%
Milk $3.24$2.0161.5%
Potatoes $4.12$3.0136.8%
Pizza $12.04$9.8921.8%
Beer $12.32$8.9038.5%

Health Care

ItemJersey CityNational avg.Difference
Optometrist $107.00$102.164.7%
Doctor $105.00$108.363.1%
Dentist $125.00$92.5335.1%
Ibuprofen $11.99$9.2829.2%
Lipitor $435.07$425.822.2%

Housing

ItemJersey CityNational avg.Difference
Home Price $331,300.00$184,700.0079.4%
Avg. Mortgage Payment $6,355.59$1,202.44428.6%
Apartment Rent $1,233.00$949.0029.9%

Transportation

ItemJersey CityNational avg.Difference
Gasoline $2.45$2.249.3%
Tire Balancing $80.00$46.2972.8%

Utilities

ItemJersey CityNational avg.Difference
All Electricity$210.06$165.9626.6%
Phone $30.99$28.688.0%
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.
East Orange, NJ64,62111111%
Roselle, NJ21,50711111%
Newark, NJ280,13911212%
Silver Lake, NJ4,00711414%
Paterson, NJ146,89411515%
Jersey City, NJ261,66614646%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Fort Wayne, IN260,95487-13%
Chula Vista, CA260,59813636%
Orlando, FL263,30698-2%
Buffalo, NY258,98985-15%
St. Petersburg, FL253,58598-2%
Jersey City, NJ261,66614646%
Source: The McGinley Square, Jersey City, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.