The cost of living in New Jersey is higher than the national average. State of New Jersey salaries average $62,777.00, indicating a pay rate that is higher than the U.S. average annual salary by $9,156.00.
The consumer price index (CPI) of 275 in New Jersey is 12.24% higher than the U.S. city average CPI of 245. The sales tax is 6.88%.
The CPI calculation is based on a statistical model that takes into account some of the major personal consumption categories such as healthcare, transportation, housing, education and food, in addition to the average New Jersey annual salary, sales tax rates and the regional consumer price index.
