F
7%
Overall NAT. AVG.
8%
Goods & Services NAT. AVG.
14%
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 New Village New Jersey National
Cost of living107121100
Goods & Services108106100
Groceries98102100
Health care9699100
Housing114158100
Transportation103103100
Utilities106107100
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Cost Of Living Quick Facts

  • The cost of living in New Village is 11% lower than the New Jersey average
  • The cost of living in New Village is 7% higher than the national average
  • New Village housing is 14% 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 New Village

30 km
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Compare New Village, 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$52,000$4,333$1,213$1,560
          Renters$0$0$0$0

          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 New Village National avg. Difference
          Haircut $23.20$24.264.4%
          Beauty Salon $52.92$45.5616.1%
          Toothpaste $3.83$3.703.4%
          Shampoo $1.42$1.2811.1%
          Movie $12.43$12.132.4%
          Bowling $19.33$18.007.4%

          Groceries

          Item New Village National avg. Difference
          Ground Beef $5.76$5.841.4%
          Fried Chicken $1.42$1.579.9%
          Milk $4.54$4.672.8%
          Potatoes $5.37$4.938.8%
          Pizza $11.57$12.094.3%
          Beer $11.46$10.4110.1%

          Health Care

          Item New Village National avg. Difference
          Optometrist $125.11$125.680.5%
          Doctor $86.42$135.7836.4%
          Dentist $137.77$113.2921.6%
          Ibuprofen $10.74$10.650.8%
          Lipitor $447.50$468.604.5%

          Housing

          Item New Village National avg. Difference
          Home Price $178,300.00$184,700.003.5%
          Avg. Mortgage Payment $2,325.61$2,346.690.9%
          Apartment Rent $1,472.00$949.0055.1%

          Transportation

          Item New Village National avg. Difference
          Gasoline $3.51$3.461.6%
          Tire Balancing $64.44$59.927.5%

          Utilities

          Item New Village National avg. Difference
          All Electricity $210.10$193.998.3%
          Phone $195.81$192.251.9%
          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.
          Buttzville, NJ571000.1%
          Great Meadows, NJ2641000.1%
          Port Murray, NJ2161000.1%
          Port Colden, NJ821000.1%
          Broadway, NJ1831044.3%
          New Village, NJ5391077.2%

          Cities with similar population

          City Population Cost of Living Index National Avg.
          Elliott, IA5398118.8%
          Michigantown, IN5398415.6%
          Upton, KY5398713.2%
          Beaver Creek, MD53915151.0%
          Republic, MI5397822.3%
          New Village, NJ5391077.2%
          Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.