F
48%
Overall NAT. AVG.
11%
Goods & Services NAT. AVG.
143%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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 Bradley Gardens New Jersey National
Cost of living148121100
Goods & Services111106100
Groceries103102100
Health care10299100
Housing243158100
Transportation105103100
Utilities108107100

An Overview of Cost of Living in Bradley Gardens, NJ

Are you thinking about relocating, but curious about the potential cost of living in Bradley Gardens? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Bradley Gardens stands at 148, making it 48% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

The cost of living in Bradley Gardens is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Bradley Gardens falls into this category, which may not be suitable for those seeking an economically favorable living environment.

Housing costs significantly influence the Bradley Gardens cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 142.6%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

Everyday goods and services make up 33% of the cost of living index and include things like clothing, personal hygiene products and entertainment which are a large portion of your monthly expenditures. Unfortunately, Bradley Gardens goods and services are 11.3% more expensive than the national average, leaving you with less money at the end of the month.

Is Bradley Gardens Affordable?

Wondering if Bradley Gardens is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Bradley Gardens, for example, the median home price is 146.5% higher than what folks pay nationally, and monthly rent is 133.7% higher than the usual rates. Plus, income levels matter too, with Bradley Gardens boasting a median household income of $151,034, which is 173% higher than the national average.

What Factors can Influence the Cost of Living in Bradley Gardens?

Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.

Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Bradley Gardens, the healthcare costs are 1.9% higher than the national average.

Where is the Data From?

The cost of living in Bradley Gardens, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Bradley Gardens is 23% higher than the New Jersey average
  • The cost of living in Bradley Gardens is 48% higher than the national average
  • Bradley Gardens housing is 143% higher than the national average
  • New Jersey general sales tax is 30% higher than the national average
  • New Jersey state income tax is 46% lower than the national average

Most Affordable Places to Live in and Around Bradley Gardens

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Compare Bradley Gardens, NJ Cost of Living

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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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$152,099$12,675$3,549$4,563
      Renters$135,583$11,299$3,163$4,068
      A good indicator of the general affordability of housing in Bradley Gardens, NJ, 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 Bradley Gardens, the median monthly income is $152,099 for those who own their own homes. Under the standard rule, that income level would allow for $3,549 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $135,583, per the median income in the area. That would allow for renters to spend up to $3,163 on monthly rental expenses.

      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 Bradley Gardens National avg. Difference
      Haircut $30.25$24.2624.7%
      Beauty Salon $53.00$45.5616.3%
      Toothpaste $3.75$3.701.3%
      Shampoo $1.53$1.2819.8%
      Movie $14.53$12.1319.7%
      Bowling $20.98$18.0016.6%

      Groceries

      Item Bradley Gardens National avg. Difference
      Ground Beef $6.13$5.845.0%
      Fried Chicken $1.41$1.5710.4%
      Milk $4.70$4.670.5%
      Potatoes $5.32$4.937.8%
      Pizza $12.59$12.094.2%
      Beer $11.12$10.416.8%

      Health Care

      Item Bradley Gardens National avg. Difference
      Optometrist $129.93$125.683.4%
      Doctor $124.10$135.788.6%
      Dentist $129.94$113.2914.7%
      Ibuprofen $11.14$10.654.6%
      Lipitor $440.70$468.606.0%

      Housing

      Item Bradley Gardens National avg. Difference
      Home Price $455,200.00$184,700.00146.5%
      Avg. Mortgage Payment $2,956.12$2,346.6926.0%
      Apartment Rent $2,218.00$949.00133.7%

      Transportation

      Item Bradley Gardens National avg. Difference
      Gasoline $3.41$3.461.4%
      Tire Balancing $72.38$59.9220.8%

      Utilities

      Item Bradley Gardens National avg. Difference
      All Electricity $223.08$193.9915.0%
      Phone $186.61$192.252.9%
      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, NJ941087.8%
      Anderson, NJ3941022.3%
      Glen Gardner, NJ1,55411514.5%
      Plainfield, NJ50,25211817.9%
      High Bridge, NJ3,46011818.3%
      Bradley Gardens, NJ14,71414848.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Hewitt, TX14,7051000.1%
      Lamont, CA14,7241055.0%
      West Nipissing / Nipissing Ouest, ON14,724n/a 
      Franklin Park, PA14,70113030.2%
      Lynden, WA14,70013433.8%
      Bradley Gardens, NJ14,71414848.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.