C-
Overall 1%
Goods & Services 14%
Housing 19%
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.
IndexSilver RidgeNew JerseyNational
Cost of living101123100
Goods & Services114111100
Groceries107110100
Health care104102100
Housing81158100
Transportation107110100
Utilities104100100

Key findings

  • The cost of living in Silver Ridge is 18% lower than the New Jersey average
  • The cost of living in Silver Ridge is 1% higher than the national average
  • Silver Ridge housing is 19% lower 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 Silver Ridge, NJ Cost of Living

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      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$33,500$2,792$782$1,005
      Renters$34,963$2,914$816$1,049

      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

      ItemSilver RidgeNational 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

      ItemSilver RidgeNational 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

      ItemSilver RidgeNational 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

      ItemSilver RidgeNational avg.Difference
      Home Price $121,900.00$184,700.0034.0%
      Avg. Mortgage Payment $1,998.40$1,273.3256.9%
      Apartment Rent $1,097.00$949.0015.6%

      Transportation

      ItemSilver RidgeNational avg.Difference
      Gasoline $2.72$2.595.1%
      Tire Balancing $55.99$48.9014.5%

      Utilities

      ItemSilver RidgeNational 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%
      Silver Ridge, NJ1,3211011%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Chrisman, IL1,32183-17%
      Beggs, OK1,32179-21%
      Cohoe, AK1,32111212%
      Marathon City, WI1,32289-11%
      Metolius, OR1,32098-2%
      Silver Ridge, NJ1,3211011%
      Source: The Silver Ridge, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.