Bradley Beach 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.
IndexBradley BeachNew JerseyNational
Cost of living index173131100
IndexBradley BeachNew JerseyNational
Goods & Services index151118100
Groceries index121116100
Health care index117111100
Housing index252166100
Transportation index138118100
Utilities index133110100
A general summary of the cost of living index in Bradley Beach, NJ is shown above. Compared to the state average of New Jersey the cost of living index in Bradley Beach, NJ is 173, which is 32% higher than the average in New Jersey and compared to the national average it is 73% 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 Bradley Beach, NJ goods and services come in at 28% higher than the average in New Jersey and are 51% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Bradley Beach is 32% higher than the New Jersey average.
  • The cost of living in Bradley Beach is 73% higher than the national average.
  • The cost of housing in Bradley Beach is 152% 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 Bradley Beach, NJ Cost of living To Other Cities

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Use the salary calculator to compare your current salary in Bradley Beach, 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 Bradley Beach, NJ, then you would need to earn more income in order to maintain the same standard of living. To use the Bradley Beach, 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$76,116$6,343$1,776$2,284
Renters$53,125$4,427$1,240$1,594
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Bradley Beach, 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 Bradley Beach, NJ homeowners, is $76,116. This would allow for a maximum of $1,776 per month to be spent on housing costs. For renters, the median monthly income is $53,125 which would result in a maximum of $1,240 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%
For those who live in Bradley Beach, NJ and want to know what the true cost of living is, they ought to look at both the New Jersey income tax rate and the New Jersey sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In New Jersey, the sales tax is 7%, while the most you'll pay in surtax is 7%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in New Jersey, the income tax rate ranges between 1.4% to 8.97%.

Goods & Services

ItemBradley BeachNational avg.Difference
Haircut $22.50$14.5954.2%
Beauty Salon $70.55$34.68103.4%
Toothpaste $4.04$2.4763.3%
Shampoo $1.14$1.0211.5%
Movie $13.83$9.8740.1%
Bowling $12.33$4.39180.8%

Groceries

ItemBradley BeachNational avg.Difference
Ground Beef $4.46$4.480.4%
Fried Chicken $1.04$1.4629.0%
Milk $1.92$2.3618.5%
Potatoes $4.37$3.0642.7%
Pizza $11.49$9.2424.3%
Beer $13.09$8.6351.6%

Health Care

ItemBradley BeachNational avg.Difference
Optometrist $103.33$99.783.6%
Doctor $122.50$105.0316.6%
Dentist $117.50$88.7032.5%
Ibuprofen $10.06$9.416.9%
Lipitor $302.11$298.501.2%

Housing

ItemBradley BeachNational avg.Difference
Home Price $530,700.00$175,700.00202.0%
Avg. Mortgage Payment $4,902.79$1,081.03353.5%
Apartment Rent $1,231.00$920.0033.8%

Transportation

ItemBradley BeachNational avg.Difference
Gasoline $2.64$2.0926.2%
Tire Balancing $78.00$45.2972.2%

Utilities

ItemBradley BeachNational avg.Difference
All Electricity$259.80$170.8052.1%
Phone $30.33$28.267.3%
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.
Cedar Glen West, NJ95583-17%
Leisure Village, NJ4,20198-2%
Leisure Village West, NJ3,2911000%
Leisure Knoll, NJ2,4531066%
Leisure Village East, NJ3,6891099%
Bradley Beach, NJ4,29017373%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Grafton, ND4,29182-18%
Spotsylvania Courthouse, VA4,28911212%
Brewerton, NY4,28997-3%
Loch Lomond, VA4,29211313%
Hamburg, PA4,29394-6%
Bradley Beach, NJ4,29017373%
Source: The Bradley Beach, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.