Cost Of Living in Ashland, 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	Ashland	New Jersey	National
Cost of living	118	121	100
Goods & Services	103	106	100
Groceries	102	102	100
Health care	94	99	100
Housing	150	158	100
Transportation	107	103	100
Utilities	110	107	100

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Cost Of Living Quick Facts

The cost of living in Ashland is 3% lower than the New Jersey average
The cost of living in Ashland is 18% higher than the national average
Ashland housing is 50% 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	$101,546	$8,462	$2,369	$3,047
Renters	$94,016	$7,835	$2,194	$2,821

To approximate the cost of living and the housing affordability in Ashland, NJ, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Ashland have a median income of $101,546. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,369 per month to avoid calamity and poverty. The renters in the city have an income of about $94,016, which would make their monthly maximum allowable rental costs $2,194.

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	Ashland	National avg.	Difference
Haircut	$23.54	$24.26	3.0%
Beauty Salon	$66.27	$45.56	45.4%
Toothpaste	$3.65	$3.70	1.5%
Shampoo	$1.52	$1.28	18.4%
Movie	$13.75	$12.13	13.3%
Bowling	$19.47	$18.00	8.1%

Groceries

Item	Ashland	National avg.	Difference
Ground Beef	$5.76	$5.84	1.3%
Fried Chicken	$1.46	$1.57	7.4%
Milk	$4.67	$4.67	0.0%
Potatoes	$5.37	$4.93	8.8%
Pizza	$11.73	$12.09	2.9%
Beer	$11.99	$10.41	15.2%

Health Care

Item	Ashland	National avg.	Difference
Optometrist	$123.50	$125.68	1.7%
Doctor	$132.56	$135.78	2.4%
Dentist	$103.31	$113.29	8.8%
Ibuprofen	$11.22	$10.65	5.3%
Lipitor	$398.10	$468.60	15.0%

Housing

Item	Ashland	National avg.	Difference
Home Price	$235,300.00	$184,700.00	27.4%
Avg. Mortgage Payment	$2,169.88	$2,346.69	7.5%
Apartment Rent	$1,913.00	$949.00	101.6%

Transportation

Item	Ashland	National avg.	Difference
Gasoline	$3.53	$3.46	2.0%
Tire Balancing	$70.89	$59.92	18.3%

Utilities

Item	Ashland	National avg.	Difference
All Electricity	$222.45	$193.99	14.7%
Phone	$198.27	$192.25	3.1%

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, PA	595	104	3.8%
Tavistock, NJ	5	104	3.8%
Pine Valley, NJ	11	104	3.8%
Audubon Park, NJ	969	87	12.8%
Camden, NJ	73,742	91	9.1%
Ashland, NJ	8,853	118	17.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Cloverdale, CA	8,854	156	55.9%
Riverside, CT	8,855	275	174.9%
Edgewater, MD	8,850	128	28.0%
Hooper, UT	8,850	119	18.7%
Southeast Arcadia, FL	8,859	88	11.8%
Ashland, NJ	8,853	118	17.5%

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 Ashland, NJ