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 index154123100
IndexPoint Pleasant BeachNew JerseyNational
Goods & Services index114111100
Groceries index107110100
Health care index104102100
Housing index258158100
Transportation index107110100
Utilities index104100100
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 154, which is 25% higher than the New Jersey average and 54% 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 3% higher than the New Jersey average and 14% higher than the U.S. average.
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Did you know?

  • The cost of living in Point Pleasant Beach is 25% higher than the New Jersey average.
  • The cost of living in Point Pleasant Beach is 54% higher than the national average.
  • The cost of housing in Point Pleasant Beach is 158% 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 Point Pleasant Beach, NJ Cost of living To Other Cities

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      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      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$116,000$9,667$2,706$3,480
      Renters$58,534$4,878$1,366$1,756
      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 $116,000 for those who own their own homes. Under the standard rule, that income level would allow for $2,706 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $58,534, per the median income in the area. That would allow for renters to spend up to $1,366 on monthly rental expenses.

      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%
      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 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 8.97% in New Jersey.

      Goods & Services

      ItemPoint Pleasant BeachNational 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

      ItemPoint Pleasant BeachNational 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

      ItemPoint Pleasant BeachNational 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

      ItemPoint Pleasant BeachNational avg.Difference
      Home Price $557,200.00$184,700.00201.7%
      Avg. Mortgage Payment $1,998.40$1,273.3256.9%
      Apartment Rent $1,484.00$949.0056.4%

      Transportation

      ItemPoint Pleasant BeachNational avg.Difference
      Gasoline $2.72$2.595.1%
      Tire Balancing $55.99$48.9014.5%

      Utilities

      ItemPoint Pleasant BeachNational 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.
      Cedar Glen West, NJ1,04083-17%
      Pine Ridge at Crestwood, NJ2,23692-8%
      Leisure Village, NJ4,16197-3%
      Leisure Village West, NJ3,2011000%
      Silver Ridge, NJ1,3211011%
      Point Pleasant Beach, NJ4,59415454%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Watford City, ND4,5961033%
      Winona, MS4,59275-25%
      Savannah, TX4,5921033%
      McLoud, OK4,59684-16%
      Ogallala, NE4,59280-20%
      Point Pleasant Beach, NJ4,59415454%
      Source: The Point Pleasant Beach, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.