Oakhurst 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.
IndexOakhurstNew JerseyNational
Cost of living index152123100
IndexOakhurstNew JerseyNational
Goods & Services index136111100
Groceries index142110100
Health care index110102100
Housing index200158100
Transportation index128110100
Utilities index111100100
A general overview of the cost of living index for Oakhurst, NJ is displayed above. In Oakhurst, NJ, the overall cost of living index is 152, which is 23% higher than the New Jersey average and 52% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Oakhurst, NJ, the city's goods and services are 23% higher than the New Jersey average and 36% higher than the U.S. average.
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Did you know?

  • The cost of living in Oakhurst is 23% higher than the New Jersey average.
  • The cost of living in Oakhurst is 52% higher than the national average.
  • The cost of housing in Oakhurst is 100% 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 Oakhurst, 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 Oakhurst, 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 Oakhurst, NJ, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Oakhurst, 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$101,579$8,465$2,370$3,048
      Renters$0$0$0$0
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Oakhurst, 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 Oakhurst, NJ homeowners, is $101,579. This would allow for a maximum of $2,370 per month to be spent on housing costs. For renters, the median monthly income is $0 which would result in a maximum of $0 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%
      When considering the overall cost of living expenses in Oakhurst, NJ, it's important to take into account the sales tax for New Jersey, as well as the rate for income tax in New Jersey. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for New Jersey is 12.625%, and the sales tax in the state of New Jersey is 6.625%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in New Jersey starts from 1.4% and goes up to 10.75%.

      Goods & Services

      ItemOakhurstNational avg.Difference
      Haircut $23.00$17.4931.5%
      Beauty Salon $60.52$38.1758.5%
      Toothpaste $4.40$2.3289.6%
      Shampoo $1.65$1.0163.1%
      Movie $16.32$10.7252.2%
      Bowling $20.40$13.8647.2%

      Groceries

      ItemOakhurstNational avg.Difference
      Ground Beef $6.45$3.9065.4%
      Fried Chicken $2.44$1.4074.8%
      Milk $2.76$1.9640.7%
      Potatoes $3.24$3.181.8%
      Pizza $12.30$10.3918.3%
      Beer $11.99$9.2329.9%

      Health Care

      ItemOakhurstNational avg.Difference
      Optometrist $108.08$106.341.6%
      Doctor $106.72$115.257.4%
      Dentist $124.43$98.3826.5%
      Ibuprofen $12.90$9.2639.3%
      Lipitor $442.91$466.475.1%

      Housing

      ItemOakhurstNational avg.Difference
      Home Price $377,800.00$184,700.00104.5%
      Avg. Mortgage Payment $7,820.38$1,273.32514.2%
      Apartment Rent $1,806.00$949.0090.3%

      Transportation

      ItemOakhurstNational avg.Difference
      Gasoline $2.81$2.598.4%
      Tire Balancing $80.22$48.9064.1%

      Utilities

      ItemOakhurstNational avg.Difference
      All Electricity$197.50$167.6017.8%
      Phone $186.69$163.4214.2%
      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.
      Keansburg, NJ9,9041088%
      Highlands, NJ4,90013030%
      Laurence Harbor, NJ6,58411616%
      Keyport, NJ7,13611616%
      Neptune City, NJ4,75813232%
      Oakhurst, NJ3,64215252%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Kennedy, CA3,64196-4%
      Dublin, TX3,64181-19%
      Cottonwood, CA3,6441066%
      Lake Goodwin, WA3,64013030%
      Vivian, LA3,64576-24%
      Oakhurst, NJ3,64215252%
      Source: The Oakhurst, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.