New Brunswick, NJ Cost of Living

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17%
Overall NAT. AVG.
8%
Goods & Services NAT. AVG.
40%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2023; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index New Brunswick New Jersey National
Cost of living117120100
Goods & Services108103100
Groceries105107100
Health care9194100
Housing140158100
Transportation109106100
Utilities110108100

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Cost Of Living Quick Facts

  • The cost of living in New Brunswick is 3% lower than the New Jersey average
  • The cost of living in New Brunswick is 17% higher than the national average
  • New Brunswick housing 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 38% lower than the national average

Most Affordable Places to Live in and Around New Brunswick

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Compare New Brunswick, NJ Cost of Living

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      The best places in New Jersey

      Here are the best places to live in New JerseySee the best places to live in & around New BrunswickTop 10 best public schools in New BrunswickTop 10 cities in New Jersey with the best education system

      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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$87,063$7,255$2,031$2,612
      Renters$35,217$2,935$822$1,057
      To approximate the cost of living and the housing affordability in New Brunswick, NJ, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in New Brunswick have a median income of $87,063. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,031 per month to avoid calamity and poverty. The renters in the city have an income of about $35,217, which would make their monthly maximum allowable rental costs $822.

      New Jersey Sales Tax

      State General Sales Tax With Max Surtax
      New Jersey 6.625% 12.625%

      New Jersey Income Tax

      State Income Tax (Low) Income Tax (High)
      New Jersey 1.4% 10.75%

      Goods & Services

      Item New Brunswick National avg. Difference
      Haircut $24.07$22.089.0%
      Beauty Salon $39.87$42.887.0%
      Toothpaste $2.39$2.576.8%
      Shampoo $1.27$1.1510.1%
      Movie $13.01$11.5113.1%
      Bowling $20.00$16.6220.4%

      Groceries

      Item New Brunswick National avg. Difference
      Ground Beef $4.58$4.988.1%
      Fried Chicken $1.98$1.5824.8%
      Milk $2.87$2.4218.6%
      Potatoes $3.56$3.540.6%
      Pizza $12.07$11.495.1%
      Beer $9.26$10.047.8%

      Health Care

      Item New Brunswick National avg. Difference
      Optometrist $110.33$117.766.3%
      Doctor $88.30$125.3429.6%
      Dentist $104.11$107.523.2%
      Ibuprofen $9.58$10.266.6%
      Lipitor $532.34$459.2415.9%

      Housing

      Item New Brunswick National avg. Difference
      Home Price $267,200.00$184,700.0044.7%
      Avg. Mortgage Payment $2,325.02$1,697.4137.0%
      Apartment Rent $1,524.00$949.0060.6%

      Transportation

      Item New Brunswick National avg. Difference
      Gasoline $4.03$3.854.8%
      Tire Balancing $67.04$57.0117.6%

      Utilities

      Item New Brunswick National avg. Difference
      All Electricity $209.11$177.2718.0%
      Phone $187.37$189.621.2%
      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 Population Cost of Living Index National Avg.
      Zarephath, NJ941077.0%
      Rossmoor, NJ2,700981.9%
      Clearbrook Park, NJ3,1141088.2%
      Roselle, NJ21,6991109.6%
      Concordia, NJ2,5201109.8%
      New Brunswick, NJ55,99211716.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Pocatello, ID56,0168712.8%
      Tinley Park, IL56,08211111.0%
      Commerce City, CO55,8911076.5%
      Diamond Bar, CA55,87016666.3%
      Fountain Valley, CA56,11816969.4%
      New Brunswick, NJ55,99211716.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2023; this is the most current data available.
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