Pine Lake Park 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.
IndexPine Lake ParkNew JerseyNational
Cost of living index117123100
IndexPine Lake ParkNew JerseyNational
Goods & Services index114111100
Groceries index107110100
Health care index104102100
Housing index133158100
Transportation index107110100
Utilities index104100100
A general summary of the cost of living index in Pine Lake Park, NJ is shown above. Compared to the state average of New Jersey the cost of living index in Pine Lake Park, NJ is 117, which is 5% lower than the average in New Jersey and compared to the national average it is 17% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Pine Lake Park, NJ goods and services come in at 3% higher than the average in New Jersey and are 14% higher than compared to the nationwide average.
How would you rate the cost of living in Pine Lake Park?
Write a review to give others more information about this area.
Is the cost of living increasing or decreasing in Pine Lake Park?
Write a review to give others more information about this area.
See all Pine Lake Park poll results

Did you know?

  • The cost of living in Pine Lake Park is 5% lower than the New Jersey average.
  • The cost of living in Pine Lake Park is 17% higher than the national average.
  • The cost of housing in Pine Lake Park 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 Pine Lake Park, NJ Cost of living To Other Cities

      vs

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Use the salary calculator to compare your current income in Pine Lake Park, NJ to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Pine Lake Park, NJ, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Pine Lake Park, NJ salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$81,250$6,771$1,896$2,438
      Renters$27,625$2,302$645$829
      How much of your monthly income goes to housing can tell you whether or not you can afford housing in Pine Lake Park, NJ, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Pine Lake Park, NJ homeowners have a median income of $81,250. Using that number, you will come up with a maximum of $1,896 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $27,625, which means there is a maximum of $645 to be spent on the costs of renting a home or apartment.

      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%
      The New Jersey sales tax and New Jersey income tax rates should definitely be considered when determining the overall cost of living in Pine Lake Park, NJ. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The New Jersey sales tax is 6.625% and the maximum surtax is 12.625%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The New Jersey income tax rates range from 1.4% to 10.75%.

      Goods & Services

      ItemPine Lake ParkNational 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

      ItemPine Lake ParkNational 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

      ItemPine Lake ParkNational 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

      ItemPine Lake ParkNational avg.Difference
      Home Price $240,400.00$184,700.0030.2%
      Avg. Mortgage Payment $1,998.40$1,273.3256.9%
      Apartment Rent $1,337.00$949.0040.9%

      Transportation

      ItemPine Lake ParkNational avg.Difference
      Gasoline $2.72$2.595.1%
      Tire Balancing $55.99$48.9014.5%

      Utilities

      ItemPine Lake ParkNational 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.
      Cedar Glen West, NJ1,04083-17%
      Cedar Glen Lakes, NJ1,49987-13%
      Pine Ridge at Crestwood, NJ2,23692-8%
      Crestwood Village, NJ8,13592-8%
      Leisure Village, NJ4,16197-3%
      Pine Lake Park, NJ9,01611717%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Covington, TN9,01678-22%
      Mapleton, UT9,01411919%
      Bay Minette, AL9,01992-8%
      Blacklick Estates, OH9,02287-13%
      Exeter, NH9,02211212%
      Pine Lake Park, NJ9,01611717%
      Source: The Pine Lake Park, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.