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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 categories such as healthcare, transportation, housing, education and food, in addition to the average New Jersey annual salary, sales tax rates and the regional consumer price index.


New Jersey Consumer Price Index (CPI):
CPI
New Jersey
267
U.S. City Average
233
Average Annual Pay:
U.S. Dollars
New Jersey
$59,467
U.S. City Average
$49,808
Consumption Categories in New Jersey versus National Average:
Category Percentage Versus National Average
Education 48.14%
0%
75.03%
Healthcare 11.27%
0%
17.56%
Groceries 23.62%
0%
36.81%
Rent 58.25%
0%
90.78%
Mortgage 58.33%
0%
90.91%
Electricity -2.14%
3.34%
0%
Gasoline -1.36%
2.12%
0%
View the Cost of Living for cities in New Jersey (NJ):



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