Barrington 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.
IndexBarringtonNew JerseyNational
Cost of living index114131100
IndexBarringtonNew JerseyNational
Goods & Services index115118100
Groceries index117116100
Health care index99111100
Housing index112166100
Transportation index117118100
Utilities index121110100
An overview of the general cost of living index for Barrington, NJ is displayed above for your reference. Residents in Barrington, NJ enjoy a cost of living index of 114. This index is 13% lower than the New Jersey average, and 14% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Barrington, NJ, the average cost of goods and services is 3% lower than it is in New Jersey, and it is 15% higher than the national average.

Did you know?

  • The cost of living in Barrington is 13% lower than the New Jersey average.
  • The cost of living in Barrington is 14% higher than the national average.
  • The cost of housing in Barrington is 12% 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 Barrington, NJ Cost of living To Other Cities

Salary Calculator

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Health care index
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The salary calculator is meant to help you compare your salary in Barrington, NJ to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Barrington, NJ, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Barrington, NJ salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$94,792$7,899$2,212$2,844
Renters$28,173$2,348$657$845
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 Barrington, 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. Barrington, NJ has a median income of about $94,792 for people who own homes. Based on that number, a person should spend a maximum of $2,212 on expenses related to housing. Renters have a slightly different median income, which is $28,173. Based on this average, renters should spend no more than $657 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%
One thing to keep in mind when considering the cost of living in Barrington, NJ is the New Jersey sales tax and New Jersey income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The New Jersey sales tax rate is 7% and the maximum surtax that can be charged is 7%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The New Jersey income tax rates range from 1.4% to 8.97%.

Goods & Services

ItemBarringtonNational avg.Difference
Haircut $17.50$14.5919.9%
Beauty Salon $52.00$34.6849.9%
Toothpaste $2.36$2.474.6%
Shampoo $0.99$1.023.1%
Movie $10.75$9.878.9%
Bowling $5.04$4.3914.8%

Groceries

ItemBarringtonNational avg.Difference
Ground Beef $4.74$4.485.9%
Fried Chicken $1.69$1.4615.4%
Milk $2.25$2.364.5%
Potatoes $3.49$3.0614.0%
Pizza $10.74$9.2416.2%
Beer $8.39$8.632.8%

Health Care

ItemBarringtonNational avg.Difference
Optometrist $106.00$99.786.2%
Doctor $118.75$105.0313.1%
Dentist $95.00$88.707.1%
Ibuprofen $9.89$9.415.1%
Lipitor $200.00$298.5033.0%

Housing

ItemBarringtonNational avg.Difference
Home Price $211,200.00$175,700.0020.2%
Avg. Mortgage Payment $1,419.25$1,081.0331.3%
Apartment Rent $845.00$920.008.2%

Transportation

ItemBarringtonNational avg.Difference
Gasoline $2.46$2.0917.6%
Tire Balancing $52.00$45.2914.8%

Utilities

ItemBarringtonNational avg.Difference
All Electricity$186.98$170.809.5%
Phone $38.50$28.2636.3%
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.
Tavistock, NJ911515%
Pine Valley, NJ211515%
Prospect Park, PA28894-6%
Audubon Park, NJ1,05196-4%
Camden, NJ77,294100-0%
Barrington, NJ6,90411414%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Alta Sierra, CA6,90213939%
Fort Pierce North, FL6,90189-11%
Thermalito, CA6,91111212%
Morehead, KY6,89688-12%
Litchfield, IL6,91383-17%
Barrington, NJ6,90411414%
Source: The Barrington, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.