Princeton Junction, NJ Cost Of Living

Princeton Junction 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.
Index	Princeton Junction	New Jersey	National
Cost of living index	162	125	100
Index	Princeton Junction	New Jersey	National
Goods & Services index	111	112	100
Groceries index	104	105	100
Health care index	107	104	100
Housing index	284	158	100
Transportation index	111	112	100
Utilities index	115	115	100

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The cost of living in Princeton Junction is 30% higher than the New Jersey average.
The cost of living in Princeton Junction is 62% higher than the national average.
The cost of housing in Princeton Junction is 184% 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.

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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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$172,092	$14,341	$4,015	$5,163
Renters	$30,795	$2,566	$719	$924

New Jersey Sales Tax

State	General Sales Tax	With Max Surtax
New Jersey	6.625%	12.875%

New Jersey Income Tax

State	Income Tax (Low)	Income Tax (High)
New Jersey	1.4%	8.97%

Goods & Services

Item	Princeton Junction	National avg.	Difference
Haircut	$19.00	$16.09	18.1%
Beauty Salon	$36.33	$37.33	2.7%
Toothpaste	$2.12	$2.45	13.2%
Shampoo	$1.06	$1.00	5.9%
Movie	$11.68	$10.28	13.6%
Bowling	$4.98	$4.93	1.0%

Groceries

Item	Princeton Junction	National avg.	Difference
Ground Beef	$3.45	$3.80	9.4%
Fried Chicken	$1.47	$1.40	5.0%
Milk	$2.24	$2.01	11.4%
Potatoes	$2.99	$3.01	0.7%
Pizza	$8.59	$9.89	13.1%
Beer	$9.46	$8.90	6.3%

Health Care

Item	Princeton Junction	National avg.	Difference
Optometrist	$108.67	$102.16	6.4%
Doctor	$93.87	$108.36	13.4%
Dentist	$115.62	$92.53	25.0%
Ibuprofen	$8.39	$9.28	9.6%
Lipitor	$465.46	$425.82	9.3%

Housing

Item	Princeton Junction	National avg.	Difference
Home Price	$524,500.00	$184,700.00	184.0%
Avg. Mortgage Payment	$1,644.65	$1,202.44	36.8%
Apartment Rent	$0.00	$949.00	100.0%

Transportation

Item	Princeton Junction	National avg.	Difference
Gasoline	$2.36	$2.24	5.0%
Tire Balancing	$57.32	$46.29	23.8%

Utilities

Item	Princeton Junction	National avg.	Difference
All Electricity	$188.22	$165.96	13.4%
Phone	$33.50	$28.68	16.8%

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, State	Population	Cost of Living Index	National Avg.
Zarephath, NJ	8	110	10%
Trenton, NJ	84,559	97	-3%
Morrisville CDP, PA	862	100	0%
Rossmoor, NJ	2,904	100	0%
Roebling, NJ	3,652	106	6%
Princeton Junction, NJ	2,503	162	62%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Sewanee, TN	2,503	107	7%
Blountstown, FL	2,504	83	-17%
Halesite, NY	2,504	170	70%
Pearl River, LA	2,504	96	-4%
East Sonora, CA	2,504	113	13%
Princeton Junction, NJ	2,503	162	62%

Source: The Princeton Junction, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Princeton Junction, NJ Cost of Living