F
Overall 17%
Goods & Services 14%
Housing 33%
Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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.
IndexPine Lake ParkNew JerseyNational
Cost of living117123100
Goods & Services114111100
Groceries107110100
Health care104102100
Housing133158100
Transportation107110100
Utilities104100100

Key findings

  • 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
  • Pine Lake Park housing 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 43% lower than the national average

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Compare Pine Lake Park, NJ Cost of Living

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      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

      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
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Pine Lake Park, NJ, as well as what the overall cost of living might be. 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 payments and not more than 36 percent of income on all expenses and debts. In Pine Lake Park, homeowners have a median income of $81,250. Using that number, a maximum of $1,896 per month should be allocated to housing expenses. 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%

      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.