Trenton, NJ Cost Of Living

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Trenton 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	Trenton	New Jersey	National
Cost of living index	97	125	100
Index	Trenton	New Jersey	National
Goods & Services index	111	112	100
Groceries index	104	105	100
Health care index	107	104	100
Housing index	68	158	100
Transportation index	111	112	100
Utilities index	115	115	100

A general overview of the cost of living index for Trenton, NJ is displayed above. In Trenton, NJ, the overall cost of living index is 97, which is 22% lower than the New Jersey average and 3% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Trenton, NJ, the city's goods and services are 1% lower than the New Jersey average and 11% higher than the U.S. average.

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Did you know?

The cost of living in Trenton is 22% lower than the New Jersey average.
The cost of living in Trenton is 3% lower than the national average.
The cost of housing in Trenton is 32% lower 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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Salary Calculator

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Use the salary calculator to compare your current income in Trenton, NJ to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Trenton, NJ, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Trenton, NJ salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$59,023	$4,919	$1,377	$1,771
Renters	$24,147	$2,012	$563	$724

How much of your monthly income goes to housing can tell you whether or not you can afford housing in Trenton, 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 Trenton, NJ homeowners have a median income of $59,023. Using that number, you will come up with a maximum of $1,377 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $24,147, which means there is a maximum of $563 to be spent on the costs of renting a home or apartment.

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%

When assessing the complete cost of living in Trenton, NJ, the New Jersey income tax and the New Jersey sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The New Jersey maximum surtax is 12.875%, and the New Jersey sales tax is 6.625%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 1.4% to 8.97% in New Jersey.

Goods & Services

Item	Trenton	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	Trenton	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	Trenton	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	Trenton	National avg.	Difference
Home Price	$100,000.00	$184,700.00	45.9%
Avg. Mortgage Payment	$1,644.65	$1,202.44	36.8%
Apartment Rent	$964.00	$949.00	1.6%

Transportation

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

Utilities

Item	Trenton	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.
Newtown CDP, PA	250	94	-6%
Morrisville CDP, PA	862	100	0%
Beverly, NJ	2,538	105	5%
Burlington, NJ	9,850	106	6%
Roebling, NJ	3,652	106	6%
Trenton, NJ	84,559	97	-3%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Riverview, FL	84,590	102	2%
Bellingham, WA	84,462	120	20%
Champaign, IL	84,672	93	-7%
Bend, OR	84,416	120	20%
Edinburg, TX	84,399	76	-24%
Trenton, NJ	84,559	97	-3%

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

Trenton, NJ Cost of Living