The average cost of health care is 2.3% less than the average in New Jersey. The living wage shown is the hourly rate that an individual in a household must earn to support his or herself and their family. Moving out of Manhattan gives you the opportunity to have more space to live and enjoy lower rents. Despite a decrease in the number of uninsured Americans, medical costs still account for a significant portion of the bankruptcies in this country. While living in Manhattan has an unmistakable cachet, joining the bridge and tunnel crowd has some real benefits, as well. The assumption is the sole provider is working full-time (2080 hours per year). One reflected the baseline cost of living in each location and the other was based on expenditures typical to someone making the county’s median income. If you live in New Jersey, you have a favorite bagel place — and you’re super opinionated about it. The percentage difference is always compared to 100; therefore, if the cost of living index is 90, it is 10% below the location it is being compared to. How likely is it that you would recommend this tool to a friend or colleague? Expand chart. That means you want to keep a close eye on grocery costs. Moving to a new city? Cost of living in New Jersey (US) compared to North Carolina (US). Thank you for your answer! Healthcare premiums go from the affordable to the astronomical. A cost of living calculator can make the research much easier. ... We’re influenced by Philly you by new York. The states and area with the highest cost of living are Hawaii, the District of Columbia, New York and California. These expenses in Washington D.C. are also higher due to its overall population density as compared to that of states. Transportation is a big factor in the cost of living because it's so closely related to job security. Are the other cities on your list more or less affordable than your current home? The cost of many of these necessities has been rising across the US. Get started! We provide several metrics to compare the cost of living including cost of groceries, transportation, and more. But if you're self-insuring by purchasing a health plan on the health insurance marketplace you could be looking at monthly costs in excess of $400 depending on where you live. As SmartAsset’s home buying expert, award-winning writer Michele Lerner brings more than two decades of experience in real estate. What about taxes? That's the kind of thing that can make a big difference to your bottom line. • Adults: 1 = Single, Adults: 2 = Married filing jointly. Aside from Princeton, New Jersey residents have lots of options for higher education, including Stevens Institute of Technology, Rutgers, The College of New Jersey and New Jersey Institute of Technology. How the salary history question affects pay equity. Hover over counties to see data points or use the map’s tabs to toggle between cost of living and median income. The largest survey in North America on compensation topics and trends. The same medical procedure can be several times more expensive in some locations than in others. Side-by-side comparison between Delaware and New Jersey … Compare the cost of living in Houston, TX vs. New York (Manhattan), NY and see how far your salary will go to maintain your standard of living. The cost of living index provides you with the percentage difference in the cost of living between one location and another. Another big expense category is food. A $15 per hour minimum wage has become a national U.S. rallying cry from workers seeking middle-class security. Just enter your salary and job title as well as your current location and the city where you're considering a move. Our cost of living indices are based on a US average of 100. That's where a cost of living calculator (like the one above!) Economists consider mobility to be a good thing. Still, most American commuters ride alone. Our compare cities tool is just like our city profiles report except that you can compare two cities side by side. We are dedicated to making sure you have the best living experience you can. Unlike renting an apartment however, the monthly base cost of assisted living also includes: A daily meal or meals depending on your preference. Most cities exempt grocery items from sales taxes but a few do not. Major cities, like New York City, have a higher cost of living than smaller cities, like Albany. Cost of Living Comparison and Salary Calculator Comparison Highlights - Overall, Jersey City, New Jersey is 44.5% more expensive than Dallas, Texas - Median Home Cost is the biggest factor in the cost of living difference. If you pay more than that you're considered "burdened" by your housing costs. When you consider that some cities have zero sales tax while others have sales taxes in excess of 9%, it's easy to see why taxes need to be included in any cost of living comparison. The rest take a car. The CPI calculation is based on a statistical model … We both have accent compared to down south or out of our region. The cost of living in Delaware is 18% lower than the New Jersey average; The cost of living in Delaware is 2% higher than the national average; Delaware housing is 14% higher than the national average; New Jersey … If people are willing and able to move they can relocate to take the jobs that are best suited to their skill sets. The formula for a winning company culture. How Much Does IVF Cost in New Jersey? Finally, we use these percentages to calculate the annual income that would give you a comparable standard of living in your desired location. Understanding the cost of living in a given place helps you make an informed decision about the salary you'll need to maintain the same standard of living. A single person estimated monthly costs are 1,074.92$ without rent. The largest increases were found in Transportation, Food, and Housing. - Median Home … THE cost of living in Jersey is increasing at almost twice the rate it is in the UK, with rising rents and mortgage costs the main causes of the Island’s higher inflation rate. But they shouldn't be your only consideration. There's the cost of childcare if you need it. New York vs New Jersey — we did the math on where it's cheapest for commuters to live . A comparison of the Cost of Living indexes across major New Jersey Cities compared to the national average. In the … Fresh market data paired with robust analytics. Jersey City carries a $448,778 median home value. Cost of living index in Jersey City is 16.75% lower than in New York. Cost of living indexes let you compare basic expenses in different regions. Next, the tax category uses tax data at the federal, state and local level to determine estimated tax burden. That means paying for repairs, gas and possibly tolls and parking permits. The Chelsea at Marlboro NJ Cost of Living Comparison page from Chelsea Senior Living. The Relocation Assessor includes cost of living differentials for 10,000 areas worldwide and allows for customization based on salary, housing, family size, consumption, services, and travel. We’ve compiled the data from multiple sources to figure out the cost of living for each area. Carpooling can help you cut these costs by sharing them with others. Items including clothing, cell phones and computers have become relatively more affordable. The largest increases were found in Transportation, Food, and Housing. Updated on … If you're considering moving to another town or city you may be wondering what salary you'd need to maintain your standard of living in the new location. Summary about cost of living in Jersey City, NJ, United States: Family of four estimated monthly costs are 3,974.08$ without rent (using our estimator). Compare the Cost of Living in Roseland, New Jersey against another US Cities and States. - Overall, Seattle, Washington is 17.4% more expensive than Jersey City, New Jersey - Median Home Cost is the biggest factor in the cost of living difference. If people are willing and able to move they can relocate to take the jobs that are best suited to their skill sets. Reproduced from Pew Research Center; Map: Axios Visuals. Sources: US Census Bureau 2018 American Community Survey, MIT Living Wage Study, Bureau of Labor Statistics 2018 Consumer Expenditure Survey. Key findings. Then there's food, childcare (if you have kids), medical costs and transportation. Not only will we show you the cost of living difference, but we'll let you know how much you need to make in the new location to maintain your current standard of living. The cost of living in Trenton, New Jersey (NJ) is higher than the average cost of living in the state of New Jersey and higher than the nationwide city average. This assumes net earnings (after income tax). That's where a cost of living calculator (like the one above!) You can use cost of living information to determine how expensive … The average annual pay in Trenton is $69,324.00, which is $6,547.00 higher than the salary average in New Jersey and higher than the U.S. average yearly wages by $15,703.00. can help. There's even greater variation in income taxes. She is passionate about helping buyers through the process of becoming homeowners. Salary.com's Cost of Living Calculator lets you compare the cost of living and salary differentials State to State or over 300+ US cities. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). • Number of personal exemptions is equal to the number of individuals in the household. - Median Home Cost is 14% more … The major differences between South and North Jersey is the cost of living, population density, traffic, high taxes, and real estate costs. That may not entirely take the sting out of your rising rent or your high healthcare premiums, but it can help. We then subtracted income taxes paid in that area. The base cost for living in our communities depends on the apartment selected and the support services selected (i.e. You could go without some of them for a little while, but they're still necessities. Meaning, a single person is 1, a married couple is 2 and any additional children are counted as an additional individual. Cost of living is what it costs to live in an area. 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