Bradley Gardens 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 GardensNew JerseyNational
Cost of living index142127100
IndexBradley GardensNew JerseyNational
Goods & Services index113114100
Groceries index102104100
Health care index102100100
Housing index218166100
Transportation index106107100
Utilities index109110100
An overview of the general cost of living index for Bradley Gardens, NJ is displayed above for your reference. Residents in Bradley Gardens, NJ enjoy a cost of living index of 142. This index is 12% higher than the New Jersey average, and 42% 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 Bradley Gardens, NJ, the average cost of goods and services is 1% lower than it is in New Jersey, and it is 13% higher than the national average.

Did you know?

  • The cost of living in Bradley Gardens is 12% higher than the New Jersey average.
  • The cost of living in Bradley Gardens is 42% higher than the national average.
  • The cost of housing in Bradley Gardens is 118% 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 Gardens, NJ Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Bradley Gardens, 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 Gardens, NJ, then you would need to earn more income in order to maintain the same standard of living. To use the Bradley Gardens, 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$118,655$9,888$2,768$3,560
Renters$69,732$5,811$1,627$2,092
If you want to find a good determining factor for the cost of living and the general affordability of housing in Bradley Gardens, NJ, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Bradley Gardens, NJ, the median monthly income is $118,655 for those who own their own homes. Under the standard rule, that income level would allow for $2,768 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $69,732, per the median income in the area. That would allow for renters to spend up to $1,627 on monthly rental expenses.

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 Bradley Gardens, 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

ItemBradley GardensNational avg.Difference
Haircut $19.80$15.5627.2%
Beauty Salon $31.53$36.1112.7%
Toothpaste $2.04$2.4717.4%
Shampoo $0.96$0.960.9%
Movie $12.25$10.1321.0%
Bowling $4.44$4.746.3%

Groceries

ItemBradley GardensNational avg.Difference
Ground Beef $3.72$3.986.7%
Fried Chicken $1.42$1.411.2%
Milk $2.35$2.0613.9%
Potatoes $2.76$2.987.6%
Pizza $8.16$9.4713.8%
Beer $9.12$8.793.7%

Health Care

ItemBradley GardensNational avg.Difference
Optometrist $104.60$101.043.5%
Doctor $88.87$107.4417.3%
Dentist $110.17$90.4221.8%
Ibuprofen $8.59$9.287.4%
Lipitor $389.54$426.508.7%

Housing

ItemBradley GardensNational avg.Difference
Home Price $400,700.00$175,700.00128.1%
Avg. Mortgage Payment $1,533.70$1,133.2335.3%
Apartment Rent $1,792.00$920.0094.8%

Transportation

ItemBradley GardensNational avg.Difference
Gasoline $1.92$1.993.6%
Tire Balancing $59.07$45.7629.1%

Utilities

ItemBradley GardensNational avg.Difference
All Electricity$168.73$163.813.0%
Phone $33.50$28.3918.0%
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.
Zarephath, NJ01099%
Glen Gardner, NJ1,53311111%
Plainfield, NJ50,42311717%
Spotswood, NJ8,35911818%
New Brunswick, NJ55,80411818%
Bradley Gardens, NJ13,90214242%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hewitt, TX13,90592-8%
Chaparral, NM13,90582-18%
Moberly, MO13,89886-14%
Oneonta, NY13,90698-2%
Chesterton, IN13,8941055%
Bradley Gardens, NJ13,90214242%
Source: The Bradley Gardens, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.