Richwood 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.
IndexRichwoodNew JerseyNational
Cost of living index136125100
IndexRichwoodNew JerseyNational
Goods & Services index107112100
Groceries index116105100
Health care index106104100
Housing index190158100
Transportation index115112100
Utilities index125115100
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Did you know?

  • The cost of living in Richwood is 9% higher than the New Jersey average.
  • The cost of living in Richwood is 36% higher than the national average.
  • The cost of housing in Richwood is 90% 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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Compare Richwood, NJ Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$147,986$12,332$3,453$4,440
Renters$0$0$0$0

New Jersey Sales Tax

StateGeneral Sales TaxWith Max Surtax
New Jersey6.625%12.875%

New Jersey Income Tax

StateIncome Tax (Low)Income Tax (High)
New Jersey1.4%8.97%

Goods & Services

ItemRichwoodNational avg.Difference
Haircut $18.39$16.0914.3%
Beauty Salon $56.27$37.3350.7%
Toothpaste $2.19$2.4510.5%
Shampoo $0.99$1.001.1%
Movie $12.27$10.2819.3%
Bowling $5.21$4.935.6%

Groceries

ItemRichwoodNational avg.Difference
Ground Beef $4.16$3.809.3%
Fried Chicken $1.46$1.404.3%
Milk $2.11$2.014.9%
Potatoes $3.82$3.0127.0%
Pizza $10.33$9.894.5%
Beer $8.63$8.903.0%

Health Care

ItemRichwoodNational avg.Difference
Optometrist $100.71$102.161.4%
Doctor $130.24$108.3620.2%
Dentist $96.14$92.533.9%
Ibuprofen $9.55$9.282.9%
Lipitor $387.28$425.829.1%

Housing

ItemRichwoodNational avg.Difference
Home Price $351,500.00$184,700.0090.3%
Avg. Mortgage Payment $1,546.68$1,202.4428.6%
Apartment Rent $0.00$949.00100.0%

Transportation

ItemRichwoodNational avg.Difference
Gasoline $2.48$2.2410.5%
Tire Balancing $57.62$46.2924.5%

Utilities

ItemRichwoodNational avg.Difference
All Electricity$177.22$165.966.8%
Phone $42.00$28.6846.4%
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, NJ911212%
Pine Valley, NJ411212%
Prospect Park CDP, PA22488-12%
Audubon Park, NJ99393-7%
Chester, PA34,05690-10%
Richwood, NJ3,47813636%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Mora, MN3,47891-9%
Altavista, VA3,47886-14%
Ohioville, PA3,47892-8%
New Hampton, IA3,47885-15%
South Oroville, CA3,48199-1%
Richwood, NJ3,47813636%
Source: The Richwood, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.