Point Pleasant 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.
IndexPoint Pleasant BeachNew JerseyNational
Cost of living index158131100
IndexPoint Pleasant BeachNew JerseyNational
Goods & Services index112118100
Groceries index110116100
Health care index113111100
Housing index273166100
Transportation index111118100
Utilities index97110100
A general overview of the cost of living index for Point Pleasant Beach, NJ is displayed above. In Point Pleasant Beach, NJ, the overall cost of living index is 158, which is 21% higher than the New Jersey average and 58% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Point Pleasant Beach, NJ, the city's goods and services are 5% lower than the New Jersey average and 12% higher than the U.S. average.

Did you know?

  • The cost of living in Point Pleasant Beach is 21% higher than the New Jersey average.
  • The cost of living in Point Pleasant Beach is 58% higher than the national average.
  • The cost of housing in Point Pleasant Beach is 173% 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 Point Pleasant Beach, NJ Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in Point Pleasant Beach, NJ would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Point Pleasant Beach, NJ, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Point Pleasant Beach, NJ salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$112,500$9,375$2,625$3,375
Renters$62,639$5,220$1,461$1,879
If you want to find a good determining factor for the cost of living and the general affordability of housing in Point Pleasant Beach, 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 Point Pleasant Beach, NJ, the median monthly income is $112,500 for those who own their own homes. Under the standard rule, that income level would allow for $2,625 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $62,639, per the median income in the area. That would allow for renters to spend up to $1,461 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%
When assessing the complete cost of living in Point Pleasant Beach, 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

ItemPoint Pleasant BeachNational 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

ItemPoint Pleasant BeachNational 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

ItemPoint Pleasant BeachNational 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

ItemPoint Pleasant BeachNational avg.Difference
Home Price $558,100.00$175,700.00217.6%
Avg. Mortgage Payment $1,607.16$1,081.0348.7%
Apartment Rent $1,549.00$920.0068.4%

Transportation

ItemPoint Pleasant BeachNational avg.Difference
Gasoline $2.17$2.093.7%
Tire Balancing $58.80$45.2929.8%

Utilities

ItemPoint Pleasant BeachNational 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.
Cedar Glen West, NJ95583-17%
Pine Ridge at Crestwood, NJ2,23992-8%
Silver Ridge, NJ1,44798-2%
Leisure Village, NJ4,20198-2%
Leisure Village West, NJ3,2911000%
Point Pleasant Beach, NJ4,66415858%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Dacula, GA4,66499-1%
Spry, PA4,6641033%
New Haven, MI4,66589-11%
East Palestine, OH4,66377-23%
Lawrenceville, IL4,66579-21%
Point Pleasant Beach, NJ4,66415858%
Source: The Point Pleasant 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.