D
5%
Overall NAT. AVG.
3%
Goods & Services NAT. AVG.
7%
Housing NAT. AVG.
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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 Blackwood New Jersey National
Cost of living105121100
Goods & Services103106100
Groceries102102100
Health care9499100
Housing107158100
Transportation107103100
Utilities110107100
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Cost Of Living Quick Facts

  • The cost of living in Blackwood is 13% lower than the New Jersey average
  • The cost of living in Blackwood is 5% higher than the national average
  • Blackwood housing is 7% 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 Blackwood

30 km
20 mi
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Compare Blackwood, NJ Cost of Living

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      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$76,917$6,410$1,795$2,308
          Renters$34,651$2,888$808$1,040
          The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Blackwood, NJ, as well as what the overall cost of living might be. 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 payments and not more than 36 percent of income on all expenses and debts. In Blackwood, homeowners have a median income of $76,917. Using that number, a maximum of $1,795 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $34,651, which means there is a maximum of $808 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% 12.625%

          New Jersey Income Tax

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

          Goods & Services

          Item Blackwood National avg. Difference
          Haircut $23.54$24.263.0%
          Beauty Salon $66.27$45.5645.4%
          Toothpaste $3.65$3.701.5%
          Shampoo $1.52$1.2818.4%
          Movie $13.75$12.1313.3%
          Bowling $19.47$18.008.1%

          Groceries

          Item Blackwood National avg. Difference
          Ground Beef $5.76$5.841.3%
          Fried Chicken $1.46$1.577.4%
          Milk $4.67$4.670.0%
          Potatoes $5.37$4.938.8%
          Pizza $11.73$12.092.9%
          Beer $11.99$10.4115.2%

          Health Care

          Item Blackwood National avg. Difference
          Optometrist $123.50$125.681.7%
          Doctor $132.56$135.782.4%
          Dentist $103.31$113.298.8%
          Ibuprofen $11.22$10.655.3%
          Lipitor $398.10$468.6015.0%

          Housing

          Item Blackwood National avg. Difference
          Home Price $179,700.00$184,700.002.7%
          Avg. Mortgage Payment $2,169.88$2,346.697.5%
          Apartment Rent $1,215.00$949.0028.0%

          Transportation

          Item Blackwood National avg. Difference
          Gasoline $3.53$3.462.0%
          Tire Balancing $70.89$59.9218.3%

          Utilities

          Item Blackwood National avg. Difference
          All Electricity $222.45$193.9914.7%
          Phone $198.27$192.253.1%
          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.
          Pine Valley, NJ111043.8%
          Tavistock, NJ51043.8%
          Prospect Park CDP, PA2248217.9%
          Audubon Park, NJ9698712.8%
          Camden, NJ73,742919.1%
          Blackwood, NJ4,6601054.6%

          Cities with similar population

          City Population Cost of Living Index National Avg.
          Pleasant View, TN4,6601065.5%
          Granite Falls, NC4,659964.4%
          Edinburgh, IN4,6618812.4%
          West Ocean City, MD4,66112121.5%
          Lindstrom, MN4,6621022.3%
          Blackwood, NJ4,6601054.6%
          Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.