Beckett 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.
IndexBeckettNew JerseyNational
Cost of living index112131100
IndexBeckettNew JerseyNational
Goods & Services index108118100
Groceries index103116100
Health care index103111100
Housing index127166100
Transportation index96118100
Utilities index114110100
A general summary of the cost of living index in Beckett, NJ is shown above. Compared to the state average of New Jersey the cost of living index in Beckett, NJ is 112, which is 14% lower than the average in New Jersey and compared to the national average it is 12% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Beckett, NJ goods and services come in at 8% lower than the average in New Jersey and are 8% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Beckett is 14% lower than the New Jersey average.
  • The cost of living in Beckett is 12% higher than the national average.
  • The cost of housing in Beckett is 27% 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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Salary Calculator

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Use the salary calculator to compare your current income in Beckett, NJ to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Beckett, NJ, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Beckett, NJ salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$99,358$8,280$2,318$2,981
Renters$0$0$0$0
One can approximate the cost of living and the housing affordability in Beckett, NJ by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Beckett, NJ have a median income of $99,358. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,318 per month to avoid calamity and poverty. The renters in the city have an income of about $0, which would make their monthly maximum allowable rental costs $0.

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 Beckett, 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

ItemBeckettNational avg.Difference
Haircut $14.00$14.594.1%
Beauty Salon $40.00$34.6815.3%
Toothpaste $2.22$2.4710.2%
Shampoo $0.91$1.0211.0%
Movie $11.50$9.8716.5%
Bowling $4.50$4.392.5%

Groceries

ItemBeckettNational avg.Difference
Ground Beef $4.42$4.481.3%
Fried Chicken $1.56$1.466.6%
Milk $2.14$2.369.2%
Potatoes $3.66$3.0619.6%
Pizza $8.49$9.248.1%
Beer $8.49$8.631.7%

Health Care

ItemBeckettNational avg.Difference
Optometrist $118.00$99.7818.3%
Doctor $87.50$105.0316.7%
Dentist $97.50$88.709.9%
Ibuprofen $9.42$9.410.1%
Lipitor $328.49$298.5010.0%

Housing

ItemBeckettNational avg.Difference
Home Price $223,100.00$175,700.0027.0%
Avg. Mortgage Payment $1,153.85$1,081.036.7%
Apartment Rent $0.00$920.00100.0%

Transportation

ItemBeckettNational avg.Difference
Gasoline $1.99$2.095.0%
Tire Balancing $45.00$45.290.6%

Utilities

ItemBeckettNational avg.Difference
All Electricity$222.61$170.8030.3%
Phone $25.95$28.268.2%
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.
Cheyney University, PA9291066%
Prospect Park, PA28894-6%
Audubon Park, NJ1,05196-4%
Chester, PA34,00790-10%
Upland, PA3,24893-7%
Beckett, NJ4,77111212%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Brielle, NJ4,77216363%
Sansom Park, TX4,76989-11%
New Boston, TX4,77386-14%
Royersford, PA4,77411515%
Evansdale, IA4,76887-13%
Beckett, NJ4,77111212%
Source: The Beckett, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.