Cost Of Living in Erma, NJ

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	Erma	New Jersey	National
Cost of living	117	121	100
Goods & Services	106	106	100
Groceries	100	102	100
Health care	104	99	100
Housing	152	158	100
Transportation	98	103	100
Utilities	95	107	100

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Cost Of Living Quick Facts

The cost of living in Erma is 3% lower than the New Jersey average
The cost of living in Erma is 17% higher than the national average
Erma housing is 52% 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

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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	$88,438	$7,370	$2,063	$2,653
Renters	$50,479	$4,207	$1,178	$1,515

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	Erma	National avg.	Difference
Haircut	$29.11	$24.26	20.0%
Beauty Salon	$52.88	$45.56	16.1%
Toothpaste	$3.76	$3.70	1.6%
Shampoo	$1.20	$1.28	6.5%
Movie	$13.93	$12.13	14.8%
Bowling	$23.28	$18.00	29.3%

Groceries

Item	Erma	National avg.	Difference
Ground Beef	$5.47	$5.84	6.3%
Fried Chicken	$1.34	$1.57	14.8%
Milk	$4.61	$4.67	1.3%
Potatoes	$5.39	$4.93	9.2%
Pizza	$12.81	$12.09	6.0%
Beer	$10.53	$10.41	1.1%

Health Care

Item	Erma	National avg.	Difference
Optometrist	$144.11	$125.68	14.7%
Doctor	$139.66	$135.78	2.9%
Dentist	$132.33	$113.29	16.8%
Ibuprofen	$10.65	$10.65	0.0%
Lipitor	$369.07	$468.60	21.2%

Housing

Item	Erma	National avg.	Difference
Home Price	$287,800.00	$184,700.00	55.8%
Avg. Mortgage Payment	$2,380.70	$2,346.69	1.4%
Apartment Rent	$1,362.00	$949.00	43.5%

Transportation

Item	Erma	National avg.	Difference
Gasoline	$3.40	$3.46	1.7%
Tire Balancing	$57.32	$59.92	4.3%

Utilities

Item	Erma	National avg.	Difference
All Electricity	$182.13	$193.99	6.1%
Phone	$182.79	$192.25	4.9%

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.
Strathmere, NJ	59	102	1.7%
Burleigh, NJ	429	101	0.8%
Whitesboro, NJ	2,588	101	1.0%
Villas, NJ	9,697	105	5.1%
North Cape May, NJ	3,749	110	10.1%
Erma, NJ	2,036	117	17.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Ellijay, GA	2,036	92	7.8%
Clio, MI	2,036	85	14.8%
Winsted, MN	2,036	90	9.5%
Oakes, ND	2,036	88	12.5%
Conneaut Lakeshore, PA	2,036	96	4.0%
Erma, NJ	2,036	117	17.0%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Erma, NJ