Cost of Living in Golden Triangle, NJ

F
17%
Overall NAT. AVG.
3%
Goods & Services NAT. AVG.
49%
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 Golden Triangle New Jersey National
Cost of living117121100
Goods & Services103106100
Groceries102102100
Health care9499100
Housing149158100
Transportation107103100
Utilities110107100
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Cost Of Living Quick Facts

  • The cost of living in Golden Triangle is 3% lower than the New Jersey average
  • The cost of living in Golden Triangle is 17% higher than the national average
  • Golden Triangle housing is 49% 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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Compare Golden Triangle, 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$76,319$6,360$1,781$2,290
      Renters$118,958$9,913$2,776$3,569
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Golden Triangle, NJ, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Golden Triangle homeowners, is $76,319. This would allow for a maximum of $1,781 per month to be spent on housing costs. For renters, the median monthly income is $118,958 which would result in a maximum of $2,776 to be spent on rental costs.

      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 Golden Triangle 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 Golden Triangle 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 Golden Triangle 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 Golden Triangle National avg. Difference
      Home Price $243,100.00$184,700.0031.6%
      Avg. Mortgage Payment $2,169.88$2,346.697.5%
      Apartment Rent $1,789.00$949.0088.5%

      Transportation

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

      Utilities

      Item Golden Triangle 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.
      Arcadia University, PA5951043.8%
      Tavistock, NJ51043.8%
      Pine Valley, NJ111043.8%
      Prospect Park CDP, PA2248217.9%
      Audubon Park, NJ9698712.8%
      Golden Triangle, NJ4,30211717.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Sparta, IL4,3028317.1%
      Montréal-Est, QC4,302n/a 
      Madeira Beach, FL4,30313535.2%
      Grayson, GA4,30312121.1%
      Mather, CA4,30414039.7%
      Golden Triangle, NJ4,30211717.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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