C+
0%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
5%
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 Millville New Jersey National
Cost of living100121100
Goods & Services101106100
Groceries100102100
Health care9999100
Housing95158100
Transportation101103100
Utilities107107100

An Overview of Cost of Living in Millville, NJ

Understanding the cost of living in Millville can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Millville cost of living index is 100, which is 0% equal to the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

The cost of living in Millville aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, goods and services, health care and utility bills are priced at a level consistent with the average in similar urban areas. Millville residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.

Is Millville Affordable?

Wondering if Millville is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Millville, for example, the median home price is 10.2% lower than what folks pay nationally, and monthly rent is 5.7% higher than the usual rates. Plus, income levels matter too, with Millville boasting a median household income of $63,182, which is 14.2% higher than the national average.

What Factors can Influence the Cost of Living in Millville?

Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Millville, healthcare costs are 1.1% lower than the national average.

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Millville, the standard sales tax rate starts at 6.625%, and the income tax rates commence at 1.4%.

Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Millville, the groceries index is 0.1% lower than the national average.

Where is the Data From?

The Millville cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Millville is 18% lower than the New Jersey average
  • The cost of living in Millville is equal to the national average
  • Millville housing is 5% lower 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 Millville

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Compare Millville, 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$82,083$6,840$1,915$2,463
      Renters$25,402$2,117$593$762
      A good indicator of the general affordability of housing in Millville, NJ, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Millville, the median monthly income is $82,083 for those who own their own homes. Under the standard rule, that income level would allow for $1,915 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $25,402, per the median income in the area. That would allow for renters to spend up to $593 on monthly rental expenses.

      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 Millville National avg. Difference
      Haircut $23.17$24.264.5%
      Beauty Salon $52.17$45.5614.5%
      Toothpaste $3.59$3.703.1%
      Shampoo $1.28$1.280.0%
      Movie $12.40$12.132.2%
      Bowling $19.44$18.008.0%

      Groceries

      Item Millville National avg. Difference
      Ground Beef $6.11$5.844.7%
      Fried Chicken $1.41$1.5710.1%
      Milk $4.68$4.670.1%
      Potatoes $5.38$4.939.0%
      Pizza $12.29$12.091.7%
      Beer $11.43$10.419.8%

      Health Care

      Item Millville National avg. Difference
      Optometrist $143.30$125.6814.0%
      Doctor $134.50$135.780.9%
      Dentist $120.11$113.296.0%
      Ibuprofen $10.51$10.651.3%
      Lipitor $377.86$468.6019.4%

      Housing

      Item Millville National avg. Difference
      Home Price $165,900.00$184,700.0010.2%
      Avg. Mortgage Payment $1,951.15$2,346.6916.9%
      Apartment Rent $1,003.00$949.005.7%

      Transportation

      Item Millville National avg. Difference
      Gasoline $3.44$3.460.5%
      Tire Balancing $62.39$59.924.1%

      Utilities

      Item Millville National avg. Difference
      All Electricity $214.53$193.9910.6%
      Phone $195.25$192.251.6%
      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.
      Bridgeton, NJ24,264945.9%
      Seabrook Farms, NJ1,602963.8%
      Collings Lakes, NJ1,525964.1%
      Laurel Lake, NJ2,661954.5%
      Cedarville, NJ930963.7%
      Millville, NJ27,4851000.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      King, ON27,487n/a 
      Mililani Town, HI27,45918786.5%
      Westport, CT27,511220119.6%
      Danvers, MA27,54915050.1%
      Wasco, CA27,5531088.3%
      Millville, NJ27,4851000.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.