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 index119123100
IndexNew BrunswickNew JerseyNational
Goods & Services index114111100
Groceries index107110100
Health care index104102100
Housing index140158100
Transportation index107110100
Utilities index104100100
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 4% 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 3% higher than the average for New Jersey and 14% higher than the rest of the country.
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Did you know?

  • The cost of living in New Brunswick is 4% 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 40% 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 New Brunswick, NJ Cost of living To Other Cities

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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
      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$65,859$5,488$1,537$1,976
      Renters$35,186$2,932$821$1,056
      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 $65,859. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,537 per month to avoid calamity and poverty. The renters in the city have an income of about $35,186, which would make their monthly maximum allowable rental costs $821.

      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%10.75%
      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 12.625%, and the New Jersey sales tax is 6.625%. 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 10.75% in New Jersey.

      Goods & Services

      ItemNew BrunswickNational avg.Difference
      Haircut $21.60$17.4923.5%
      Beauty Salon $40.80$38.176.9%
      Toothpaste $1.99$2.3214.3%
      Shampoo $1.09$1.017.7%
      Movie $12.01$10.7212.0%
      Bowling $18.00$13.8629.9%

      Groceries

      ItemNew BrunswickNational avg.Difference
      Ground Beef $3.85$3.901.3%
      Fried Chicken $1.49$1.406.8%
      Milk $2.23$1.9613.6%
      Potatoes $3.19$3.180.2%
      Pizza $12.19$10.3917.3%
      Beer $9.19$9.230.4%

      Health Care

      ItemNew BrunswickNational avg.Difference
      Optometrist $105.00$106.341.3%
      Doctor $99.00$115.2514.1%
      Dentist $115.00$98.3816.9%
      Ibuprofen $8.69$9.266.2%
      Lipitor $518.17$466.4711.1%

      Housing

      ItemNew BrunswickNational avg.Difference
      Home Price $253,300.00$184,700.0037.1%
      Avg. Mortgage Payment $1,998.40$1,273.3256.9%
      Apartment Rent $1,381.00$949.0045.5%

      Transportation

      ItemNew BrunswickNational avg.Difference
      Gasoline $2.72$2.595.1%
      Tire Balancing $55.99$48.9014.5%

      Utilities

      ItemNew BrunswickNational avg.Difference
      All Electricity$184.00$167.609.8%
      Phone $177.03$163.428.3%
      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, NJ811010%
      Rossmoor, NJ2,9041000%
      Clearbrook Park, NJ3,11411010%
      Roselle, NJ21,50711111%
      Concordia, NJ3,15611212%
      New Brunswick, NJ56,42711919%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Berwyn, IL56,4141044%
      Diamond Bar, CA56,45616363%
      Taunton, MA56,50411515%
      Dearborn Heights, MI56,32990-10%
      Lehi, UT56,31411010%
      New Brunswick, NJ56,42711919%
      Source: The New Brunswick, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.