Asbury Park, NJ Cost Of Living
Cost Of Living In Asbury Park, NJ Summary
Cost of living in Asbury Park 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 Asbury Park 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 Asbury Park is 142, with 100 being the average.
The cost of living index in Asbury Park is 1.4x higher than the national average.
Asbury Park ranks as the #181 cheapest in New Jersey out of 260.
Asbury Park ranks as the #5,468 cheapest out of 6,489 in the US.
The median home value in Asbury Park is $662,295.
The median income in Asbury Park is $71,080.
Table Of Contents
Asbury Park's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Asbury Park, NJ?
According to the most recent data on the cost of living, Asbury Park has an overall cost of living index of 142, which is 1.4x higher than the national index of 100.
Compared to New Jersey, Asbury Park has a cost of living index that's 1.2x higher than New Jersey's index of 122.
The standard of living in Asbury Park ranks as #181 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Asbury Park ranks as the #79 most expensive place in the Garden State.
For more reading on life in Asbury Park, check out:
In New Jersey
In America
Asbury Park Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Asbury Park. Here is how it fairs on each of the criteria:
The Services index in Asbury Park is 127.
The Groceries index in Asbury Park is 111.
The Health index in Asbury Park is 122.
The Housing index in Asbury Park is 192.
The Transportation index in Asbury Park is 117.
The Utilities index in Asbury Park is 103.
| Living Expense | Asbury Park | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 142 | 122 | 100 | |
| Services | 127 | 108 | 100 | |
| Groceries | 111 | 104 | 100 | |
| Health | 122 | 99 | 100 | |
| Housing | 192 | 159 | 100 | |
| Transportation | 117 | 101 | 100 | |
| Utilities | 103 | 107 | 100 | |
Asbury Park, 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 2019-2023. The key points are:
The Median Home Value in Asbury Park is $662,295.
The Median Rent in Asbury Park is $1,679.
The Median Income in Asbury Park is $71,080.
The Home Value To Income in Asbury Park is 9.3x.
The Rent To Monthly Income in Asbury Park is 0.28x.
| Statistic | Asbury Park | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $662,295 | $564,432 | $303,400 |
| Median Rent | $1,679 | $1,653 | $1,348 |
| Median Income | $71,080 | $101,050 | $78,538 |
| Home Value To Income | 9.3x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.28x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Asbury Park, NJ Costs By Category
Detailed Asbury Park Services Costs Vs. New Jersey
| Item | Asbury Park | New Jersey |
|---|---|---|
| Shampoo | $1.69 | $1.28 |
| Movie | $13.68 | $12.13 |
| Bowling | $29.4 | $18 |
| Haircut | $34.94 | $24.26 |
| Beauty Salon | $64.07 | $45.56 |
Detailed Asbury Park Groceries Costs Vs. New Jersey
| Item | Asbury Park | New Jersey |
|---|---|---|
| Ground Beef | $5.87 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.97 | $4.67 |
| Potatoes | $5.21 | $4.93 |
| Pizza | $12.57 | $12.09 |
| Beer | $11.87 | $10.41 |
| Toothpaste | $3.96 | $3.7 |
Detailed Asbury Park Health Costs Vs. New Jersey
| Item | Asbury Park | New Jersey |
|---|---|---|
| Optometrist | $128.97 | $125.68 |
| Doctor | $162.24 | $135.78 |
| Dentist | $149.64 | $113.29 |
Detailed Asbury Park Transportation Costs Vs. New Jersey
| Item | Asbury Park | New Jersey |
|---|---|---|
| Gasoline | $3.55 | $3.46 |
| Tire Balancing | $86.43 | $59.92 |
Detailed Asbury Park Utilities Costs Vs. New Jersey
| Item | Asbury Park | New Jersey |
|---|---|---|
| All Electricity | $201.27 | $193.99 |
| Phone | $200.67 | $192.25 |
Asbury Park SnackAbility
/10
Cost Of Living In Cities Around Asbury Park
The cost of living varies in the cities and towns around Asbury Park. Here's a quick look at the cost of living in the most populous nearby places:
Lakewood, NJ has a cost of living index of 147, 1.0x Asbury Park.
Tinton Falls, NJ has a cost of living index of 134, 0.9x Asbury Park.
West Freehold, NJ has a cost of living index of 136, 1.0x Asbury Park.
| City | Population | Cost Of Living | Vs. Asbury Park |
|---|---|---|---|
| Lakewood, NJ | 69,884 | 147 | 1.0x |
| Tinton Falls, NJ | 19,252 | 134 | 0.9x |
| West Freehold, NJ | 14,233 | 136 | 1.0x |
| Freehold, NJ | 12,504 | 125 | 0.9x |
| Yorketown, NJ | 7,265 | 140 | 1.0x |
| Lincroft, NJ | 6,901 | 146 | 1.0x |
| Strathmore, NJ | 6,593 | 136 | 1.0x |
| Ramtown, NJ | 6,410 | 134 | 0.9x |
| Little Silver, NJ | 6,096 | 196 | 1.4x |
| East Freehold, NJ | 5,381 | 147 | 1.0x |
