Belmar, NJ Cost Of Living
Cost Of Living In Belmar, NJ Summary
Cost of living in Belmar 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 Belmar 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 Belmar is 165, with 100 being the average.
The cost of living index in Belmar is 1.6x higher than the national average.
Belmar ranks as the #228 cheapest in New Jersey out of 260.
Belmar ranks as the #5,981 cheapest out of 6,489 in the US.
The median home value in Belmar is $991,694.
The median income in Belmar is $92,859.
Table Of Contents
Belmar's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Belmar, NJ?
According to the most recent data on the cost of living, Belmar has an overall cost of living index of 165, which is 1.6x higher than the national index of 100.
Compared to New Jersey, Belmar has a cost of living index that's 1.4x higher than New Jersey's index of 122.
The standard of living in Belmar ranks as #228 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Belmar ranks as the #32 most expensive place in the Garden State.
For more reading on life in Belmar, check out:
In New Jersey
In America
Belmar Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Belmar. Here is how it fairs on each of the criteria:
The Services index in Belmar is 129.
The Groceries index in Belmar is 112.
The Health index in Belmar is 122.
The Housing index in Belmar is 278.
The Transportation index in Belmar is 114.
The Utilities index in Belmar is 102.
| Living Expense | Belmar | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 165 | 122 | 100 | |
| Services | 129 | 108 | 100 | |
| Groceries | 112 | 104 | 100 | |
| Health | 122 | 99 | 100 | |
| Housing | 278 | 159 | 100 | |
| Transportation | 114 | 101 | 100 | |
| Utilities | 102 | 107 | 100 | |
Belmar, 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 Belmar is $991,694.
The Median Rent in Belmar is $1,832.
The Median Income in Belmar is $92,859.
The Home Value To Income in Belmar is 10.7x.
The Rent To Monthly Income in Belmar is 0.24x.
| Statistic | Belmar | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $991,694 | $564,432 | $303,400 |
| Median Rent | $1,832 | $1,653 | $1,348 |
| Median Income | $92,859 | $101,050 | $78,538 |
| Home Value To Income | 10.7x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.24x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Belmar, NJ Costs By Category
Detailed Belmar Services Costs Vs. New Jersey
| Item | Belmar | 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 Belmar Groceries Costs Vs. New Jersey
| Item | Belmar | 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 Belmar Health Costs Vs. New Jersey
| Item | Belmar | New Jersey |
|---|---|---|
| Optometrist | $128.97 | $125.68 |
| Doctor | $162.24 | $135.78 |
| Dentist | $149.64 | $113.29 |
Detailed Belmar Transportation Costs Vs. New Jersey
| Item | Belmar | New Jersey |
|---|---|---|
| Gasoline | $3.55 | $3.46 |
| Tire Balancing | $86.43 | $59.92 |
Detailed Belmar Utilities Costs Vs. New Jersey
| Item | Belmar | New Jersey |
|---|---|---|
| All Electricity | $201.27 | $193.99 |
| Phone | $200.67 | $192.25 |
Belmar SnackAbility
/10
Cost Of Living In Cities Around Belmar
The cost of living varies in the cities and towns around Belmar. 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, 0.9x Belmar.
Tinton Falls, NJ has a cost of living index of 134, 0.8x Belmar.
Asbury Park, NJ has a cost of living index of 142, 0.9x Belmar.
| City | Population | Cost Of Living | Vs. Belmar |
|---|---|---|---|
| Lakewood, NJ | 69,884 | 147 | 0.9x |
| Tinton Falls, NJ | 19,252 | 134 | 0.8x |
| Asbury Park, NJ | 15,239 | 142 | 0.9x |
| West Freehold, NJ | 14,233 | 136 | 0.8x |
| Freehold, NJ | 12,504 | 125 | 0.8x |
| Yorketown, NJ | 7,265 | 140 | 0.8x |
| Lincroft, NJ | 6,901 | 146 | 0.9x |
| Strathmore, NJ | 6,593 | 136 | 0.8x |
| Ramtown, NJ | 6,410 | 134 | 0.8x |
| Little Silver, NJ | 6,096 | 196 | 1.2x |
