Spring Lake Heights 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.
IndexSpring Lake HeightsNew JerseyNational
Cost of living index144123100
IndexSpring Lake HeightsNew JerseyNational
Goods & Services index114111100
Groceries index107110100
Health care index104102100
Housing index223158100
Transportation index107110100
Utilities index104100100
Displayed above is a general overview of the Spring Lake Heights, NJ cost of living index. The overall cost of living index in Spring Lake Heights, NJ is 144, which is 16% higher than the New Jersey average and 44% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Spring Lake Heights, NJ are 3% higher than the New Jersey average and 14% higher than the national average.
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Did you know?

  • The cost of living in Spring Lake Heights is 16% higher than the New Jersey average.
  • The cost of living in Spring Lake Heights is 44% higher than the national average.
  • The cost of housing in Spring Lake Heights is 123% 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 Spring Lake Heights, NJ Cost of living To Other Cities

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      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 Spring Lake Heights, 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 Spring Lake Heights, NJ, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Spring Lake Heights, 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$91,250$7,604$2,129$2,738
      Renters$47,254$3,938$1,103$1,418
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Spring Lake Heights, NJ as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Spring Lake Heights, NJ homeowners, is $91,250. This would allow for a maximum of $2,129 per month to be spent on housing costs. For renters, the median monthly income is $47,254 which would result in a maximum of $1,103 to be spent on rental costs.

      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%8.97%
      One thing to keep in mind when considering the cost of living in Spring Lake Heights, NJ is the New Jersey sales tax and New Jersey income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The New Jersey sales tax rate is 6.625% and the maximum surtax that can be charged is 12.625%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The New Jersey income tax rates range from 1.4% to 8.97%.

      Goods & Services

      ItemSpring Lake HeightsNational 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

      ItemSpring Lake HeightsNational 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

      ItemSpring Lake HeightsNational 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

      ItemSpring Lake HeightsNational avg.Difference
      Home Price $470,800.00$184,700.00154.9%
      Avg. Mortgage Payment $1,998.40$1,273.3256.9%
      Apartment Rent $1,413.00$949.0048.9%

      Transportation

      ItemSpring Lake HeightsNational avg.Difference
      Gasoline $2.72$2.595.1%
      Tire Balancing $55.99$48.9014.5%

      Utilities

      ItemSpring Lake HeightsNational 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%
      Pine Ridge at Crestwood, NJ2,23692-8%
      Leisure Village, NJ4,16197-3%
      Leisure Village West, NJ3,2011000%
      Silver Ridge, NJ1,3211011%
      Spring Lake Heights, NJ4,64614444%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Zapata, TX4,64671-29%
      Candlewick Lake, IL4,64694-6%
      Edinburgh, IN4,64785-15%
      Ashland City, TN4,64888-12%
      Nolanville, TX4,64388-12%
      Spring Lake Heights, NJ4,64614444%
      Source: The Spring Lake Heights, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.