Cost Of Living in Madison Park, NJ

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F

25%

Overall NAT. AVG.

9%

Groceries NAT. AVG.

60%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Madison Park	New Jersey	National
Cost of living	125	125	100
Groceries	109	108	100
Health care	108	112	100
Housing	160	157	100
Transportation	112	114	100
Utilities	109	111	100
Lifestyle & Entertainment	112	113	100
Household Items	108	107	100
Education & Childcare	113	120	100

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Homes For Sale In Madison Park, NJ

11 Dartmouth Rd

Parlin, NJ

6 Amara Ct

Old Bridge, NJ

Cost Of Living Quick Facts

The cost of living in Madison Park is equal to the New Jersey average
The cost of living in Madison Park is 25% higher than the national average
Madison Park housing is 60% higher than the national average
New Jersey general sales tax is 30% higher than the national average
New Jersey state income tax is 46% lower than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$158,002	$13,167	$3,686	$4,741
Renters	$89,456	$7,455	$2,087	$2,684

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Madison Park, 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 Madison Park homeowners, is $158,002. This would allow for a maximum of $3,686 per month to be spent on housing costs. For renters, the median monthly income is $89,456 which would result in a maximum of $2,087 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%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Zarephath, NJ	98	113	12.8%
Rossmoor, NJ	2,769	104	3.7%
Clearbrook Park, NJ	3,208	110	10.3%
Keansburg, NJ	10,050	114	14.1%
Concordia, NJ	2,620	114	14.0%
Madison Park, NJ	8,371	125	25.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
London, KY	8,371	88	11.6%
Ludington, MI	8,370	90	9.8%
Farmville, VA	8,368	102	1.6%
Summit Park, UT	8,374	176	76.4%
Hillsdale, MI	8,376	85	14.8%
Madison Park, NJ	8,371	125	25.3%