New Brunswick 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.
IndexNew BrunswickNew JerseyNational
Cost of living index119131100
IndexNew BrunswickNew JerseyNational
Goods & Services index112118100
Groceries index110116100
Health care index113111100
Housing index141166100
Transportation index111118100
Utilities index97110100
The above illustration supplies generalized information for the New Brunswick, NJ cost of living index. Compared to other cities in New Jersey and cities across the country, the cost of living index in New Brunswick, NJ is 119, which is 10% lower than the New Jersey average and 19% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in New Brunswick, NJ are 5% lower than the average for New Jersey and 12% higher than the rest of the country.

Did you know?

  • The cost of living in New Brunswick is 10% lower than the New Jersey average.
  • The cost of living in New Brunswick is 19% higher than the national average.
  • The cost of housing in New Brunswick is 41% 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

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
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The salary calculator is used in order to provide a comparison of your current salary in New Brunswick, 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 New Brunswick, NJ, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the New Brunswick, 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$65,640$5,470$1,531$1,969
Renters$32,310$2,693$754$969
One can approximate the cost of living and the housing affordability in New Brunswick, 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 New Brunswick, NJ have a median income of $65,640. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,531 per month to avoid calamity and poverty. The renters in the city have an income of about $32,310, which would make their monthly maximum allowable rental costs $754.

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%
When assessing the complete cost of living in New Brunswick, NJ, the New Jersey income tax and the New Jersey sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The New Jersey maximum surtax is 7%, and the New Jersey sales tax is 7%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 1.4% to 8.97% in New Jersey.

Goods & Services

ItemNew BrunswickNational 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

ItemNew BrunswickNational 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

ItemNew BrunswickNational 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

ItemNew BrunswickNational avg.Difference
Home Price $240,700.00$175,700.0037.0%
Avg. Mortgage Payment $1,607.16$1,081.0348.7%
Apartment Rent $1,370.00$920.0048.9%

Transportation

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

Utilities

ItemNew BrunswickNational 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.
Zarephath, NJ01099%
Rossmoor, NJ2,81498-2%
Clearbrook Park, NJ2,48911111%
Concordia, NJ3,09211111%
Roselle, NJ21,34811414%
New Brunswick, NJ55,80411919%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Anderson, IN55,78982-18%
Midwest City, OK55,96483-17%
Decatur, AL55,64188-12%
Chicopee, MA55,60311414%
Coconut Creek, FL55,5901011%
New Brunswick, NJ55,80411919%
Source: The New Brunswick, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.