Long Branch 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.
IndexLong BranchNew JerseyNational
Cost of living index140123100
IndexLong BranchNew JerseyNational
Goods & Services index136111100
Groceries index142110100
Health care index110102100
Housing index160158100
Transportation index128110100
Utilities index111100100
An overview of the general cost of living index for Long Branch, NJ is displayed above for your reference. Residents in Long Branch, NJ enjoy a cost of living index of 140. This index is 13% higher than the New Jersey average, and 40% 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 Long Branch, NJ, the average cost of goods and services is 23% higher than it is in New Jersey, and it is 36% higher than the national average.
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Did you know?

  • The cost of living in Long Branch is 13% higher than the New Jersey average.
  • The cost of living in Long Branch is 40% higher than the national average.
  • The cost of housing in Long Branch is 60% higher than the national average.
  • New Jersey general sales tax is 30% higher than the national average.
  • New Jersey state income tax is 37% lower than the national average.

Compare Long Branch, NJ Cost of living To Other Cities

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Use the salary calculator to compare your current income in Long Branch, NJ to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Long Branch, NJ, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Long Branch, NJ salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
The affordability of the housing market in Long Branch, NJ as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Long Branch, NJ homeowners, the median income is $81,869. This indicates that a monthly maximum of $1,910 should be spent by homeowners on all housing related costs. Renters have a median income of $36,044. This indicates that renters should have a maximum of $841 used for their rent related monthly costs.

New Jersey Sales Tax

StateGeneral Sales TaxWith Max Surtax
New Jersey6.625%12.625%

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 Long Branch, 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 6.625% and the maximum surtax that can be charged is 12.625%. 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

ItemLong BranchNational avg.Difference
Haircut $23.00$17.4931.5%
Beauty Salon $60.52$38.1758.5%
Toothpaste $4.40$2.3289.6%
Shampoo $1.65$1.0163.1%
Movie $16.32$10.7252.2%
Bowling $20.40$13.8647.2%


ItemLong BranchNational avg.Difference
Ground Beef $6.45$3.9065.4%
Fried Chicken $2.44$1.4074.8%
Milk $2.76$1.9640.7%
Potatoes $3.24$3.181.8%
Pizza $12.30$10.3918.3%
Beer $11.99$9.2329.9%

Health Care

ItemLong BranchNational avg.Difference
Optometrist $108.08$106.341.6%
Doctor $106.72$115.257.4%
Dentist $124.43$98.3826.5%
Ibuprofen $12.90$9.2639.3%
Lipitor $442.91$466.475.1%


ItemLong BranchNational avg.Difference
Home Price $318,600.00$184,700.0072.5%
Avg. Mortgage Payment $7,820.38$1,273.32514.2%
Apartment Rent $1,244.00$949.0031.1%


ItemLong BranchNational avg.Difference
Gasoline $2.81$2.598.4%
Tire Balancing $80.22$48.9064.1%


ItemLong BranchNational avg.Difference
All Electricity$197.50$167.6017.8%
Phone $186.69$163.4214.2%
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.
Keansburg, NJ9,9041088%
Highlands, NJ4,90013030%
Laurence Harbor, NJ6,58411616%
Keyport, NJ7,13611616%
Neptune City, NJ4,75813232%
Long Branch, NJ30,70514040%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
New Iberia, LA30,71786-14%
Goleta, CA30,67117272%
Dover, NH30,75011212%
Milford Mill, MD30,6501088%
Banning, CA30,6431077%
Long Branch, NJ30,70514040%
Source: The Long Branch, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.
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