Beachwood, NJ Cost Of Living
Cost Of Living In Beachwood, NJ Summary
Cost of living in Beachwood research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Beachwood is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New Jersey, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Beachwood is 117, with 100 being the average.
The cost of living index in Beachwood is 1.2x higher than the national average.
Beachwood ranks as the #69 cheapest in New Jersey out of 251.
Beachwood ranks as the #4,628 cheapest out of 6,412 in the US.
The median home value in Beachwood is $243,900.
The median income in Beachwood is $88,940.
Table Of Contents
Beachwood's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Beachwood, NJ?
According to the most recent data on the cost of living, Beachwood has an overall cost of living index of 117, which is 1.2x higher than the national index of 100.
Compared to New Jersey, Beachwood has a cost of living index that's 1.1x higher than New Jersey's index of 111.
The standard of living in Beachwood ranks as #69 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Beachwood ranks as the #182 most expensive place in the Garden State.
For more reading on life in Beachwood, check out:
- Living In Beachwood
- Beachwood Crime Report
- Search Homes For Sale In Beachwood, NJ
In New Jersey
In America
Beachwood Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Beachwood. Here is how it fairs on each of the criteria:
The Services index in Beachwood is 112.
The Groceries index in Beachwood is 106.
The Health index in Beachwood is 103.
The Housing index in Beachwood is 140.
The Transportation index in Beachwood is 106.
The Utilities index in Beachwood is 103.
| Living Expense | Beachwood | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 117 | 111 | 100 | |
| Services | 112 | 104 | 100 | |
| Groceries | 106 | 104 | 100 | |
| Health | 103 | 95 | 100 | |
| Housing | 140 | 130 | 100 | |
| Transportation | 106 | 106 | 100 | |
| Utilities | 103 | 108 | 100 | |
Beachwood, NJ Housing Cost Breakdown
Housing swings affordability the most between places in New Jersey, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Beachwood is $243,900.
The Median Rent in Beachwood is $1,710.
The Median Income in Beachwood is $88,940.
The Home Value To Income in Beachwood is 2.7x.
The Rent To Monthly Income in Beachwood is 0.23x.
| Statistic | Beachwood | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $243,900 | $355,700 | $244,900 |
| Median Rent | $1,710 | $1,436 | $1,163 |
| Median Income | $88,940 | $89,703 | $69,021 |
| Home Value To Income | 2.7x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Beachwood, NJ Costs By Category
Detailed Beachwood Services Costs Vs. New Jersey
| Item | Beachwood | New Jersey |
|---|---|---|
| Shampoo | $1.03 | $1.06 |
| Movie | $12.59 | $10.68 |
| Bowling | $17.73 | $14.67 |
| Haircut | $20.73 | $18.62 |
| Beauty Salon | $36.4 | $39.05 |
Detailed Beachwood Groceries Costs Vs. New Jersey
| Item | Beachwood | New Jersey |
|---|---|---|
| Ground Beef | $3.87 | $4.22 |
| Fried Chicken | $1.67 | $1.39 |
| Milk | $2.41 | $2.05 |
| Potatoes | $3.09 | $3.29 |
| Pizza | $11.4 | $10.62 |
| Beer | $9.19 | $9.38 |
| Toothpaste | $2.16 | $2.34 |
Detailed Beachwood Health Costs Vs. New Jersey
| Item | Beachwood | New Jersey |
|---|---|---|
| Optometrist | $101.33 | $108.57 |
| Doctor | $94.5 | $116.17 |
| Dentist | $113.15 | $99.13 |
Detailed Beachwood Transportation Costs Vs. New Jersey
| Item | Beachwood | New Jersey |
|---|---|---|
| Gasoline | $2.26 | $2.22 |
| Tire Balancing | $56.66 | $50.07 |
Detailed Beachwood Utilities Costs Vs. New Jersey
| Item | Beachwood | New Jersey |
|---|---|---|
| All Electricity | $174.26 | $167.67 |
| Phone | $179.87 | $175.64 |
Beachwood SnackAbility
/10
Cost Of Living In Cities Around Beachwood
The cost of living varies in the cities and towns around Beachwood. Here's a quick look at the cost of living in the most populous nearby places:
Toms River, NJ has a cost of living index of 118, 1.0x Beachwood.
Lakewood, NJ has a cost of living index of 136, 1.2x Beachwood.
Point Pleasant, NJ has a cost of living index of 132, 1.1x Beachwood.
| City | Population | Cost Of Living | Vs. Beachwood |
|---|---|---|---|
| Toms River, NJ | 91,798 | 118 | 1.0x |
| Lakewood, NJ | 66,752 | 136 | 1.2x |
| Point Pleasant, NJ | 18,839 | 132 | 1.1x |
| Ocean Acres, NJ | 17,886 | 114 | 1.0x |
| Holiday City-Berkeley, NJ | 12,889 | 105 | 0.9x |
| Browns Mills, NJ | 10,053 | 107 | 0.9x |
| Pine Lake Park, NJ | 9,148 | 117 | 1.0x |
| Ramtown, NJ | 6,540 | 128 | 1.1x |
| Manasquan, NJ | 5,930 | 162 | 1.4x |
| Belmar, NJ | 5,869 | 167 | 1.4x |
