Barclay cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexBarclayNew JerseyNational
Cost of living index131127100
IndexBarclayNew JerseyNational
Goods & Services index108114100
Groceries index116104100
Health care index106100100
Housing index174166100
Transportation index115107100
Utilities index124110100
Displayed above is a general overview of the Barclay, NJ cost of living index. The overall cost of living index in Barclay, NJ is 131, which is 3% higher than the New Jersey average and 31% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Barclay, NJ are 5% lower than the New Jersey average and 8% higher than the national average.

Did you know?

  • The cost of living in Barclay is 3% higher than the New Jersey average.
  • The cost of living in Barclay is 31% higher than the national average.
  • The cost of housing in Barclay is 74% higher than the national average.
  • New Jersey general sales tax is 37% higher than the national average.
  • New Jersey state income tax is 37% lower than the national average.

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Compare Barclay, NJ Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Barclay, NJ to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Barclay, NJ, then you would need to earn more income in order to maintain the same standard of living. To use the Barclay, NJ salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$112,105$9,342$2,616$3,363
Renters$2,499$208$58$75
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Barclay, NJ, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Barclay, NJ has a median income of about $112,105 for people who own homes. Based on that number, a person should spend a maximum of $2,616 on expenses related to housing. Renters have a slightly different median income, which is $2,499. Based on this average, renters should spend no more than $58 on all of their rental costs if they want to maintain a non-impoverished standard of living.

New Jersey Sales Tax

StateGeneral Sales TaxWith Max Surtax
New Jersey7%7%

New Jersey Income Tax

StateIncome Tax (Low)Income Tax (High)
New Jersey1.4%8.97%
When considering the overall cost of living expenses in Barclay, NJ, it's important to take into account the sales tax for New Jersey, as well as the rate for income tax in New Jersey. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for New Jersey is 7%, and the sales tax in the state of New Jersey is 7%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in New Jersey starts from 1.4% and goes up to 8.97%.

Goods & Services

ItemBarclayNational avg.Difference
Haircut $17.96$15.5615.4%
Beauty Salon $54.38$36.1150.6%
Toothpaste $2.34$2.475.5%
Shampoo $0.99$0.962.6%
Movie $11.55$10.1314.0%
Bowling $5.13$4.748.4%

Groceries

ItemBarclayNational avg.Difference
Ground Beef $3.87$3.983.0%
Fried Chicken $1.68$1.4119.2%
Milk $1.97$2.064.5%
Potatoes $3.44$2.9815.2%
Pizza $10.38$9.479.6%
Beer $8.18$8.797.0%

Health Care

ItemBarclayNational avg.Difference
Optometrist $102.70$101.041.6%
Doctor $124.15$107.4415.6%
Dentist $97.92$90.428.3%
Ibuprofen $9.59$9.283.3%
Lipitor $386.87$426.509.3%

Housing

ItemBarclayNational avg.Difference
Home Price $323,300.00$175,700.0084.0%
Avg. Mortgage Payment $1,520.01$1,133.2334.1%
Apartment Rent $1,394.00$920.0051.5%

Transportation

ItemBarclayNational avg.Difference
Gasoline $2.23$1.9911.9%
Tire Balancing $55.56$45.7621.4%

Utilities

ItemBarclayNational avg.Difference
All Electricity$182.53$163.8111.4%
Phone $40.01$28.3940.9%
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, StatePopulationCost of Living IndexNational Avg.
Elwood, NJ1,6131022%
Millville, NJ28,6031011%
Collings Lakes, NJ1,2051088%
Vineland, NJ60,9851055%
Egg Harbor City, NJ4,2531099%
Barclay, NJ4,32113131%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Carmel Valley Village, CA4,32119292%
Coopertown, TN4,3211000%
Mitchell, IN4,32083-17%
Garwood, NJ4,32313636%
Springville, NY4,31885-15%
Barclay, NJ4,32113131%
Source: The Barclay, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.