Beachwood, NJ

Above Avg · 129

New Jersey · Population 11,002 · Updated March 2026

$2,236
Median Rent / Month
$102,043
Median Income
$307,500
Median Home Value
$1,808
Owner Costs / Month

Affordability

How far your income goes in Beachwood

26.3%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in New Jersey

State-level tax rates that affect your costs

10.75%
Income Tax (Top Rate)
6.625%
Sales Tax
2.23%
Property Tax Rate

Estimated Annual Costs

$26,832
Annual Rent
$10,970
State Income Tax
$6,857
Property Tax (est.)

Cost of Living Overview

Beachwood has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 129 (where 100 equals the national median), Beachwood residents can expect to pay median rent of $2,236/month while earning a median household income of $102,043/year.

The median home value in Beachwood, NJ is $307,500, with typical monthly owner costs around $1,808 including mortgage, insurance, and taxes. With a rent-to-income ratio of 26.3%, Beachwood falls within the generally affordable range, though it's approaching the 30% burden threshold.

New Jersey's top income tax rate of 10.75% is among the highest in the nation, adding to the overall cost burden. Combined with a 6.625% sales tax rate and 2.23% effective property tax rate, the overall tax environment is a factor in the total cost of living in Beachwood.

Frequently Asked Questions

Common questions about living costs in Beachwood

What is the cost of living in Beachwood, NJ?
The cost of living index in Beachwood, NJ is 129 (US average = 100). Median monthly rent is $2,236, median household income is $102,043/year, and the median home value is $307,500.
Is Beachwood, NJ affordable?
No, Beachwood is more expensive than the national average with a cost index of 129. The rent-to-income ratio is 26.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Beachwood, NJ?
The median gross rent in Beachwood, NJ is $2,236 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $26,832.
What is the median household income in Beachwood?
The median household income in Beachwood, NJ is $102,043 per year. This compares to the national median of approximately $80,000.
What are the taxes like in New Jersey?
New Jersey has a top income tax rate of 10.75%, a sales tax of 6.625%, and an effective property tax rate of 2.23%.