Beattystown 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.
IndexBeattystownNew JerseyNational
Cost of living index121131100
IndexBeattystownNew JerseyNational
Goods & Services index112118100
Groceries index110116100
Health care index113111100
Housing index149166100
Transportation index111118100
Utilities index97110100
Here we can see a simple outline of the cost of living in Beattystown, NJ. As you can see, with the average cost of living in Beattystown, NJ being 121, that puts it 8% lower than the average of New Jersey and 21% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Beattystown, NJ, the price of goods and services are 5% lower than the average of New Jersey as well as 12% higher than the nation's average.

Did you know?

  • The cost of living in Beattystown is 8% lower than the New Jersey average.
  • The cost of living in Beattystown is 21% higher than the national average.
  • The cost of housing in Beattystown is 49% 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 Beattystown, NJ Cost of living To Other Cities

Salary Calculator

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Health care index
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The salary calculator is used in order to provide a comparison of your current salary in Beattystown, NJ to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Beattystown, NJ, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Beattystown, NJ salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$98,019$8,168$2,287$2,941
Renters$46,747$3,896$1,091$1,403
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Beattystown, 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 Beattystown, NJ homeowners, is $98,019. This would allow for a maximum of $2,287 per month to be spent on housing costs. For renters, the median monthly income is $46,747 which would result in a maximum of $1,091 to be spent on rental costs.

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%
The New Jersey sales tax and New Jersey income tax rates should definitely be considered when determining the overall cost of living in Beattystown, NJ. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The New Jersey sales tax is 7% and the maximum surtax is 7%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The New Jersey income tax rates range from 1.4% to 8.97%.

Goods & Services

ItemBeattystownNational avg.Difference
Haircut $18.00$14.5923.3%
Beauty Salon $32.75$34.685.6%
Toothpaste $1.99$2.4719.5%
Shampoo $1.08$1.025.7%
Movie $11.70$9.8718.6%
Bowling $4.72$4.397.5%

Groceries

ItemBeattystownNational avg.Difference
Ground Beef $4.44$4.480.8%
Fried Chicken $1.97$1.4634.6%
Milk $2.57$2.369.1%
Potatoes $3.39$3.0610.7%
Pizza $8.00$9.2413.4%
Beer $8.79$8.631.8%

Health Care

ItemBeattystownNational avg.Difference
Optometrist $102.25$99.782.5%
Doctor $86.25$105.0317.9%
Dentist $119.50$88.7034.7%
Ibuprofen $10.32$9.419.6%
Lipitor $351.24$298.5017.7%

Housing

ItemBeattystownNational avg.Difference
Home Price $294,400.00$175,700.0067.6%
Avg. Mortgage Payment $1,607.16$1,081.0348.7%
Apartment Rent $975.00$920.006.0%

Transportation

ItemBeattystownNational avg.Difference
Gasoline $2.17$2.093.7%
Tire Balancing $58.80$45.2929.8%

Utilities

ItemBeattystownNational avg.Difference
All Electricity$155.83$170.808.8%
Phone $29.75$28.265.3%
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.
Delaware, NJ861099%
Bridgeville, NJ991099%
Allamuchy, NJ1001099%
Port Murray, NJ901099%
Byram Center, NJ501099%
Beattystown, NJ4,58312121%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Goddard, KS4,58395-5%
Moses Lake North, WA4,58386-14%
Laureles, TX4,58270-30%
Pleasant Garden, NC4,58591-9%
South Bound Brook, NJ4,58511919%
Beattystown, NJ4,58312121%
Source: The Beattystown, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.