B+
6%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
24%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Bridgeton New Jersey National
Cost of living94121100
Goods & Services101106100
Groceries100102100
Health care9999100
Housing76158100
Transportation101103100
Utilities107107100

An Overview of Cost of Living in Bridgeton, NJ

The cost of living in Bridgeton affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Bridgeton is 94, which is 6% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

The cost of living in Bridgeton is about average when compared to all other cities across the nation. You can expect that everyday items like food, goods and services and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.

What Do Locals Say About the Cost of Living in Bridgeton?

When it comes to knowing a city, its residents are the experts. We conducted a survey with 5 locals to understand their opinions on the cost of living in Bridgeton. The results indicated that 20% found it reasonably priced with decreasing prices of goods and services, while 80% viewed it as quite expensive, with increasing prices.

Is Bridgeton Affordable?

Wondering if Bridgeton is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Bridgeton, for example, the median home price is 41.8% lower than what folks pay nationally, and monthly rent is 18.8% higher than the usual rates. Plus, income levels matter too, with Bridgeton boasting a median household income of $38,319, which is 30.7% lower than the national average.

What Factors can Influence the Cost of Living in Bridgeton?

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Bridgeton, the healthcare costs are 1.1% lower than the national average.

Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Bridgeton, the housing index comes in at 23.6% lower than the national average.

Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.

Where is the Data From?

The cost of living in Bridgeton, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Bridgeton is 22% lower than the New Jersey average
  • The cost of living in Bridgeton is 6% lower than the national average
  • Bridgeton housing is 24% lower than the national average
  • New Jersey general sales tax is 30% higher than the national average
  • New Jersey state income tax is 38% lower than the national average

Most Affordable Places to Live in and Around Bridgeton

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Compare Bridgeton, NJ Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$62,470$5,206$1,458$1,874
      Renters$26,433$2,203$617$793
      A good way to judge both the affordability of the housing and the cost of living in Bridgeton is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Bridgeton has a median income of about $62,470 for people who own homes. Based on that number, a maximum of $1,458 should be spent on expenses related to housing. Renters have a slightly different median income, which is $26,433. Based on this average, renters should spend no more than $617 on all rental costs if they want to maintain a non-impoverished standard of living.

      New Jersey Sales Tax

      State General Sales Tax With Max Surtax
      New Jersey 6.625% 12.625%

      New Jersey Income Tax

      State Income Tax (Low) Income Tax (High)
      New Jersey 1.4% 10.75%

      Goods & Services

      Item Bridgeton National avg. Difference
      Haircut $23.17$24.264.5%
      Beauty Salon $52.17$45.5614.5%
      Toothpaste $3.59$3.703.1%
      Shampoo $1.28$1.280.0%
      Movie $12.40$12.132.2%
      Bowling $19.44$18.008.0%

      Groceries

      Item Bridgeton National avg. Difference
      Ground Beef $6.11$5.844.7%
      Fried Chicken $1.41$1.5710.1%
      Milk $4.68$4.670.1%
      Potatoes $5.38$4.939.0%
      Pizza $12.29$12.091.7%
      Beer $11.43$10.419.8%

      Health Care

      Item Bridgeton National avg. Difference
      Optometrist $143.30$125.6814.0%
      Doctor $134.50$135.780.9%
      Dentist $120.11$113.296.0%
      Ibuprofen $10.51$10.651.3%
      Lipitor $377.86$468.6019.4%

      Housing

      Item Bridgeton National avg. Difference
      Home Price $107,500.00$184,700.0041.8%
      Avg. Mortgage Payment $1,951.15$2,346.6916.9%
      Apartment Rent $1,127.00$949.0018.8%

      Transportation

      Item Bridgeton National avg. Difference
      Gasoline $3.44$3.460.5%
      Tire Balancing $62.39$59.924.1%

      Utilities

      Item Bridgeton National avg. Difference
      All Electricity $214.53$193.9910.6%
      Phone $195.25$192.251.6%
      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 Population Cost of Living Index National Avg.
      Salem, NJ4,7618812.4%
      Quinton, NJ369964.1%
      Seabrook Farms, NJ1,602963.8%
      Laurel Lake, NJ2,661954.5%
      Cedarville, NJ930963.7%
      Bridgeton, NJ24,264945.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Seal Beach, CA24,26814444.2%
      San Benito, TX24,2597327.0%
      Elmwood Park, IL24,27411414.4%
      San Fernando, CA24,24414847.7%
      Loma Linda, CA24,23913434.4%
      Bridgeton, NJ24,264945.9%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.