Cost of Living in New Brunswick, NJ

Population 55,744 · New Jersey · Data vintage 2023

117
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

New Brunswick lands reasonably close to national benchmarks on most cost indicators, with a median home value of $317,000 — 4% above the US figure. That makes it a useful reference point for comparing with more extreme markets in New Jersey. Unemployment has stayed elevated relative to the national figure — 6.5% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Located 20 miles southwest of Elizabeth, New Brunswick falls within that metro's commuting orbit. Median home values run roughly 19% lower than Elizabeth's $394,000.

Cost Overview

Housing 104
Rent 136

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in New Brunswick

The median home value in New Brunswick is $316,800 — 4% above the national median of $305,000. Median rent runs $1,790/month, 36% higher than the national median of $1,314/month. The median household income of $60,248/year is 19% lower than the US median of $74,580. The local unemployment rate is 6.5%, above the national average of 4.8%. New Jersey's top state income tax rate is 10.8% and the combined sales tax is 6.6%. The climate averages highs of 63.6°F and lows of 41.4°F. Overall, New Brunswick has a cost of living index of 117 versus the US average of 100, meaning it is 17% more expensive.

🏠 Housing

Median Home Value
$316,800
4% above avg
Zillow Home Value
$436,242
Zillow ZHVI
Median Rent
$1,790/mo
36% above avg
Zillow Rent
$2,579/mo
Zillow ZORI
Price-to-Rent Ratio
14.7x
Favors buying
Property Tax Rate
2.5%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,474
1 BR
$1,654
2 BR
$2,040
3 BR
$2,550
4 BR
$2,885
Owner-occupied 21.8%
Renter-occupied 78.2%

💰 Estimated Monthly Budget

Rent median rent
$1,790
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,404/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
26.5 min
2% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
10.2%

Commute Mode

Drove alone
41.7%
Carpooled
13.7%
Public transit
4.6%
Walked
14.1%
Bicycle
2.1%
Work from home
10.2%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 10.8%
Total Sales Tax 6.6%
State rate 6.6%
Avg local rate -0.0%
Property Tax 2.5%

💼 Income & Employment

Median Household Income
$60,248
19% below avg
Per Capita Income
$25,693
Unemployment Rate
6.5%
34% above avg
Poverty Rate
31.6%
Labor Force Participation
63.9%

🎓 Education

Bachelor's degree+ 12.8%
Graduate degree 11.2%

👥 Demographics

Median Age 24.5
Male median age 24.7
Female median age 24.2

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
63.6°F
Avg Low
41.4°F
Annual Precip
45.5"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 394351637381868478665544
Low °F 212230394858636154423326
Precip" 3.162.203.893.593.544.234.935.183.823.673.413.87

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 44 — Good
62.7%
Good air days/yr
247
Max AQI recorded
194
PM2.5 days
160
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

72%
4-Year Graduation Rate
13.6:1
Student-teacher ratio
11
Public schools
10,432
Total enrollment

Frequently Asked Questions

What is the cost of living in New Brunswick, NJ?

New Brunswick has a cost index of 117 (100 = national average). It is 17% above the national average.

What is average rent in New Brunswick, NJ?

The median gross rent in New Brunswick is $1,790 per month based on 2023 Census data.

What is the average home price in New Brunswick?

The median home value in New Brunswick is $316,800 according to Zillow and Census data.

What is the median income in New Brunswick?

The median household income in New Brunswick is $60,248 per year (2023 ACS 5-year estimates).

What is the sales tax in New Brunswick, NJ?

The combined state and local sales tax rate in New Brunswick is 6.6%. The New Jersey state income tax top rate is 10.8%.

Is New Brunswick, NJ affordable?

New Brunswick is above average in cost of living, with an index of 117 — about 17% higher than the national average.

What is the weather like in New Brunswick?

New Brunswick has average high temperatures of 63.6°F and average lows of 41.4°F. Annual precipitation is 45.5". Data from NOAA 1991–2020 Climate Normals.

New Brunswick at a Glance

Population
55,744
Median Income
$60,248
Home Value
$316,800
Median Rent
$1,790/mo
Unemployment
6.5%
Avg High Temp
63.6°F
Sales Tax
6.6%
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