Cost of Living in High Bridge, NJ

F
18%
Overall NAT. AVG.
11%
Goods & Services NAT. AVG.
43%
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 High Bridge New Jersey National
Cost of living118121100
Goods & Services111106100
Groceries103102100
Health care10299100
Housing143158100
Transportation105103100
Utilities108107100
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Cost Of Living Quick Facts

  • The cost of living in High Bridge is 2% lower than the New Jersey average
  • The cost of living in High Bridge is 18% higher than the national average
  • High Bridge housing is 43% 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 High Bridge, NJ Cost of Living

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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$111,474$9,290$2,601$3,345
      Renters$23,871$1,989$557$716
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in High Bridge, 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 High Bridge homeowners, is $111,474. This would allow for a maximum of $2,601 per month to be spent on housing costs. For renters, the median monthly income is $23,871 which would result in a maximum of $557 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 High Bridge National avg. Difference
      Haircut $30.25$24.2624.7%
      Beauty Salon $53.00$45.5616.3%
      Toothpaste $3.75$3.701.3%
      Shampoo $1.53$1.2819.8%
      Movie $14.53$12.1319.7%
      Bowling $20.98$18.0016.6%

      Groceries

      Item High Bridge National avg. Difference
      Ground Beef $6.13$5.845.0%
      Fried Chicken $1.41$1.5710.4%
      Milk $4.70$4.670.5%
      Potatoes $5.32$4.937.8%
      Pizza $12.59$12.094.2%
      Beer $11.12$10.416.8%

      Health Care

      Item High Bridge National avg. Difference
      Optometrist $129.93$125.683.4%
      Doctor $124.10$135.788.6%
      Dentist $129.94$113.2914.7%
      Ibuprofen $11.14$10.654.6%
      Lipitor $440.70$468.606.0%

      Housing

      Item High Bridge National avg. Difference
      Home Price $261,000.00$184,700.0041.3%
      Avg. Mortgage Payment $2,956.12$2,346.6926.0%
      Apartment Rent $1,383.00$949.0045.7%

      Transportation

      Item High Bridge National avg. Difference
      Gasoline $3.41$3.461.4%
      Tire Balancing $72.38$59.9220.8%

      Utilities

      Item High Bridge National avg. Difference
      All Electricity $223.08$193.9915.0%
      Phone $186.61$192.252.9%
      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.
      Port Colden, NJ821000.1%
      Great Meadows, NJ2641000.1%
      Port Murray, NJ2161000.1%
      Buttzville, NJ571000.1%
      Broadway, NJ1831044.3%
      High Bridge, NJ3,46011818.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Hobart, OK3,4607723.1%
      Trevose, PA3,46011514.5%
      Seymour, WI3,459909.6%
      Poteet, TX3,4628415.7%
      Wilkesboro, NC3,457928.0%
      High Bridge, NJ3,46011818.3%
      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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