Cost Of Living in Wanamassa, NJ

Get 300+ Local Insights for Any Address in Wanamassa, NJ

Get Access to 300+ Local Data Points

F

42%

Overall NAT. AVG.

27%

Goods & Services NAT. AVG.

96%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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.
Index	Wanamassa	New Jersey	National
Cost of living	142	121	100
Goods & Services	127	106	100
Groceries	113	102	100
Health care	121	99	100
Housing	196	158	100
Transportation	115	103	100
Utilities	102	107	100

Does this Area Fit Your Budget?

Know the community before you call it home
Compare multiple areas side by side
Access over 300 data points for any address

GET REPORT →

Cost Of Living Quick Facts

The cost of living in Wanamassa is 17% higher than the New Jersey average
The cost of living in Wanamassa is 42% higher than the national average
Wanamassa housing is 96% higher than the national average
New Jersey general sales tax is 30% higher than the national average
New Jersey state income tax is 46% lower than the national average

Most Affordable Places to Live in and Around Wanamassa

See all the best places to live around Wanamassa

Compare Wanamassa, NJ Cost of Living

Compare Neighborhoods & Addresses

Why stop at city-to-city? With Local Insights, you can compare neighborhoods, zip codes, or even exact addresses. Access 300+ hyperlocal data points—from schools and crime to housing and amenities—to see which area is the better fit.

UNLOCK FULL COMPARISON →

Write a review to give others more information about this area.

See all Wanamassa poll results

The best places in New Jersey

Here are the best places to live in New Jersey

These are the largest cities in New Jersey

Safest Cities In The US

Most Dangerous States In The US

Salary Calculator

This is how much you would need to earn in

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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$142,626	$11,886	$3,328	$4,279
Renters	$54,085	$4,507	$1,262	$1,623

A good indicator of the general affordability of housing in Wanamassa, NJ, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Wanamassa, the median monthly income is $142,626 for those who own their own homes. Under the standard rule, that income level would allow for $3,328 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $54,085, per the median income in the area. That would allow for renters to spend up to $1,262 on monthly rental expenses.

New Jersey Sales Tax

State	General Sales Tax	With Max Surtax
New Jersey	6.625%	12.625%

New Jersey Income Tax

State	Income Tax (Low)	Income Tax (High)
New Jersey	1.4%	10.75%

Goods & Services

Item	Wanamassa	National avg.	Difference
Haircut	$34.94	$24.26	44.0%
Beauty Salon	$64.07	$45.56	40.6%
Toothpaste	$3.96	$3.70	7.0%
Shampoo	$1.69	$1.28	32.3%
Movie	$13.68	$12.13	12.8%
Bowling	$29.40	$18.00	63.3%

Groceries

Item	Wanamassa	National avg.	Difference
Ground Beef	$5.87	$5.84	0.6%
Fried Chicken	$1.46	$1.57	6.9%
Milk	$4.97	$4.67	6.3%
Potatoes	$5.21	$4.93	5.7%
Pizza	$12.57	$12.09	4.0%
Beer	$11.87	$10.41	14.0%

Health Care

Item	Wanamassa	National avg.	Difference
Optometrist	$128.97	$125.68	2.6%
Doctor	$162.24	$135.78	19.5%
Dentist	$149.64	$113.29	32.1%
Ibuprofen	$11.15	$10.65	4.6%
Lipitor	$402.75	$468.60	14.1%

Housing

Item	Wanamassa	National avg.	Difference
Home Price	$398,100.00	$184,700.00	115.5%
Avg. Mortgage Payment	$6,916.73	$2,346.69	194.7%
Apartment Rent	$1,414.00	$949.00	49.0%

Transportation

Item	Wanamassa	National avg.	Difference
Gasoline	$3.55	$3.46	2.5%
Tire Balancing	$86.43	$59.92	44.2%

Utilities

Item	Wanamassa	National avg.	Difference
All Electricity	$201.27	$193.99	3.8%
Phone	$200.67	$192.25	4.4%

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	Population	Cost of Living Index	National Avg.
Cedar Glen West, NJ	1,804	83	17.0%
Leisure Village, NJ	4,714	99	1.1%
Leisure Village East, NJ	3,744	106	5.7%
Keansburg, NJ	9,697	110	10.4%
Cliffwood Beach, NJ	3,024	117	17.0%
Wanamassa, NJ	4,662	142	41.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Lindstrom, MN	4,662	102	2.3%
Edinburgh, IN	4,661	88	12.4%
West Ocean City, MD	4,661	121	21.5%
Tulia, TX	4,663	78	21.5%
Blackwood, NJ	4,660	105	4.6%
Wanamassa, NJ	4,662	142	41.8%