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New Jersey Cost of Living (NJ)

The cost of living in New Jersey (NJ) is higher than the nationwide average. The average yearly pay in New Jersey is $59,467.00, which is higher than the U.S. average annual salary by $9,659.00. The consumer price index (CPI) of 267 in New Jersey is 14.59% higher than the U.S. city average CPI of 233. The sales tax is 7.00%.

The CPI calculation is based on a statistical model that takes into account some of the major personal consumption areas such as healthcare, transportation, housing, education and food, in addition to the average New Jersey annual salary, New Jersey sales tax rates and the regional New Jersey consumer price index.


New Jersey Consumer Price Index (CPI):
New Jersey U.S. City Average
267 233
Average Annual Pay:
New Jersey U.S. City Average
$59,467.00 $49,808.00
Consumption Areas Cost in New Jersey versus National Average:
Area Percentage Versus National Average
Education 48.14%
0%
48.14%
Healthcare 11.27%
0%
11.27%
Food 23.62%
0%
23.62%
Rent 58.25%
0%
58.25%
Mortgage 58.33%
0%
58.33%
Electricity 32.85%
0%
32.85%
Gasoline -1.36%
1.36%
0%
View the Cost of Living for cities in New Jersey (NJ):


Cost of Living by State:


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