Pitman 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.
IndexPitmanNew JerseyNational
Cost of living index107123100
IndexPitmanNew JerseyNational
Goods & Services index105111100
Groceries index117110100
Health care index103102100
Housing index104158100
Transportation index115110100
Utilities index108100100
The above illustration supplies generalized information for the Pitman, NJ cost of living index. Compared to other cities in New Jersey and cities across the country, the cost of living index in Pitman, NJ is 107, which is 13% lower than the New Jersey average and 7% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Pitman, NJ are 6% lower than the average for New Jersey and 5% higher than the rest of the country.
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Did you know?

  • The cost of living in Pitman is 13% lower than the New Jersey average.
  • The cost of living in Pitman is 7% higher than the national average.
  • The cost of housing in Pitman is 4% 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 Pitman, NJ Cost of living To Other Cities

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      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
      The salary calculator allows you to compare how much your current salary in Pitman, 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 Pitman, NJ, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Pitman, 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$80,707$6,726$1,883$2,421
      Renters$37,950$3,163$885$1,139
      How much of your monthly income goes to housing can tell you whether or not you can afford housing in Pitman, 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 Pitman, NJ homeowners have a median income of $80,707. Using that number, you will come up with a maximum of $1,883 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $37,950, which means there is a maximum of $885 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%
      When considering the overall cost of living expenses in Pitman, 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

      ItemPitmanNational avg.Difference
      Haircut $19.40$17.4910.9%
      Beauty Salon $61.00$38.1759.8%
      Toothpaste $2.02$2.3213.0%
      Shampoo $0.99$1.012.2%
      Movie $12.10$10.7212.8%
      Bowling $18.40$13.8632.7%

      Groceries

      ItemPitmanNational avg.Difference
      Ground Beef $3.94$3.901.0%
      Fried Chicken $1.49$1.406.8%
      Milk $2.16$1.9610.1%
      Potatoes $3.66$3.1815.0%
      Pizza $10.50$10.391.0%
      Beer $8.71$9.235.6%

      Health Care

      ItemPitmanNational avg.Difference
      Optometrist $103.33$106.342.8%
      Doctor $133.33$115.2515.7%
      Dentist $103.33$98.385.0%
      Ibuprofen $10.32$9.2611.4%
      Lipitor $389.17$466.4716.6%

      Housing

      ItemPitmanNational avg.Difference
      Home Price $188,300.00$184,700.001.9%
      Avg. Mortgage Payment $1,429.36$1,273.3212.3%
      Apartment Rent $1,020.00$949.007.5%

      Transportation

      ItemPitmanNational avg.Difference
      Gasoline $2.89$2.5911.4%
      Tire Balancing $61.00$48.9024.8%

      Utilities

      ItemPitmanNational avg.Difference
      All Electricity$185.76$167.6010.8%
      Phone $189.24$163.4215.8%
      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.
      Tavistock, NJ91099%
      Pine Valley, NJ41099%
      Prospect Park CDP, PA22486-14%
      Audubon Park, NJ99391-9%
      Chester, PA34,05695-5%
      Pitman, NJ8,9161077%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Lake Villa, IL8,9161033%
      Atoka, TN8,91791-9%
      Pulaski, VA8,91881-19%
      Purcellville, VA8,91413030%
      Cape St. Claire, MD8,91813030%
      Pitman, NJ8,9161077%
      Source: The Pitman, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.