Point Pleasant 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 PleasantNew JerseyNational
Cost of living index133131100
IndexPoint PleasantNew JerseyNational
Goods & Services index112118100
Groceries index110116100
Health care index113111100
Housing index187166100
Transportation index111118100
Utilities index97110100
An overview of the general cost of living index for Point Pleasant, NJ is displayed above for your reference. Residents in Point Pleasant, NJ enjoy a cost of living index of 133. This index is 1% higher than the New Jersey average, and 33% 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 Point Pleasant, NJ, the average cost of goods and services is 5% lower than it is in New Jersey, and it is 12% higher than the national average.

Did you know?

  • The cost of living in Point Pleasant is 1% higher than the New Jersey average.
  • The cost of living in Point Pleasant is 33% higher than the national average.
  • The cost of housing in Point Pleasant is 87% 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, 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, 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, NJ, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Point Pleasant, 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$98,430$8,203$2,297$2,953
Renters$42,355$3,530$988$1,271
If you want to find a good determining factor for the cost of living and the general affordability of housing in Point Pleasant, 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, NJ, the median monthly income is $98,430 for those who own their own homes. Under the standard rule, that income level would allow for $2,297 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $42,355, per the median income in the area. That would allow for renters to spend up to $988 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 considering the overall cost of living expenses in Point Pleasant, NJ, it's important to take into account the sales tax for New Jersey, as well as the rate for income tax in New Jersey. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for New Jersey is 7%, and the sales tax in the state of New Jersey is 7%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in New Jersey starts from 1.4% and goes up to 8.97%.

Goods & Services

ItemPoint PleasantNational 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 PleasantNational 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 PleasantNational 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 PleasantNational avg.Difference
Home Price $356,700.00$175,700.00103.0%
Avg. Mortgage Payment $1,607.16$1,081.0348.7%
Apartment Rent $1,390.00$920.0051.1%

Transportation

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

Utilities

ItemPoint PleasantNational 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%
Crestwood Village, NJ7,70397-3%
Silver Ridge, NJ1,44798-2%
Leisure Village, NJ4,20198-2%
Point Pleasant, NJ18,48113333%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Horizon City, TX18,47790-10%
Deerfield, IL18,47615050%
Calverton, MD18,48812323%
Jasmine Estates, FL18,47085-15%
Bryant, AR18,49795-5%
Point Pleasant, NJ18,48113333%
Source: The Point Pleasant, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.