Forked River, NJ Cost Of Living
Cost Of Living In Forked River, NJ Summary
Cost of living in Forked River 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 Forked River 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 Forked River is 110, with 100 being the average.
The cost of living index in Forked River is 1.1x higher than the national average.
Forked River ranks as the #43 cheapest in New Jersey out of 251.
Forked River ranks as the #4,128 cheapest out of 6,412 in the US.
The median home value in Forked River is $334,200.
The median income in Forked River is $78,487.
Table Of Contents
Forked River's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Forked River, NJ?
According to the most recent data on the cost of living, Forked River has an overall cost of living index of 110, which is 1.1x higher than the national index of 100.
Compared to New Jersey, Forked River has a cost of living index that's 1.0x lower than New Jersey's index of 111.
The standard of living in Forked River ranks as #43 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Forked River ranks as the #208 most expensive place in the Garden State.
For more reading on life in Forked River, check out:
- Living In Forked River
- Search Homes For Sale In Forked River, NJ
In New Jersey
In America
Forked River Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Forked River. Here is how it fairs on each of the criteria:
The Services index in Forked River is 99.
The Groceries index in Forked River is 100.
The Health index in Forked River is 95.
The Housing index in Forked River is 137.
The Transportation index in Forked River is 104.
The Utilities index in Forked River is 95.
| Living Expense | Forked River | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 110 | 111 | 100 | |
| Services | 99 | 104 | 100 | |
| Groceries | 100 | 104 | 100 | |
| Health | 95 | 95 | 100 | |
| Housing | 137 | 130 | 100 | |
| Transportation | 104 | 106 | 100 | |
| Utilities | 95 | 108 | 100 | |
Forked River, 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 Forked River is $334,200.
The Median Rent in Forked River is $1,622.
The Median Income in Forked River is $78,487.
The Home Value To Income in Forked River is 4.3x.
The Rent To Monthly Income in Forked River is 0.25x.
| Statistic | Forked River | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $334,200 | $355,700 | $244,900 |
| Median Rent | $1,622 | $1,436 | $1,163 |
| Median Income | $78,487 | $89,703 | $69,021 |
| Home Value To Income | 4.3x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.25x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Forked River, NJ Costs By Category
Detailed Forked River Services Costs Vs. New Jersey
| Item | Forked River | New Jersey |
|---|---|---|
| Shampoo | $1.03 | $1.06 |
| Movie | $10.99 | $10.68 |
| Bowling | $13.51 | $14.67 |
| Haircut | $18.79 | $18.62 |
| Beauty Salon | $36.26 | $39.05 |
Detailed Forked River Groceries Costs Vs. New Jersey
| Item | Forked River | New Jersey |
|---|---|---|
| Ground Beef | $4.23 | $4.22 |
| Fried Chicken | $1.43 | $1.39 |
| Milk | $2.48 | $2.05 |
| Potatoes | $2.69 | $3.29 |
| Pizza | $10.99 | $10.62 |
| Beer | $9.0 | $9.38 |
| Toothpaste | $1.92 | $2.34 |
Detailed Forked River Health Costs Vs. New Jersey
| Item | Forked River | New Jersey |
|---|---|---|
| Optometrist | $113.84 | $108.57 |
| Doctor | $81.68 | $116.17 |
| Dentist | $101.93 | $99.13 |
Detailed Forked River Transportation Costs Vs. New Jersey
| Item | Forked River | New Jersey |
|---|---|---|
| Gasoline | $2.25 | $2.22 |
| Tire Balancing | $58.27 | $50.07 |
Detailed Forked River Utilities Costs Vs. New Jersey
| Item | Forked River | New Jersey |
|---|---|---|
| All Electricity | $155.11 | $167.67 |
| Phone | $180.04 | $175.64 |
Forked River SnackAbility
/10
Cost Of Living In Cities Around Forked River
The cost of living varies in the cities and towns around Forked River. 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, 1.1x Forked River.
Point Pleasant, NJ has a cost of living index of 132, 1.2x Forked River.
Ocean Acres, NJ has a cost of living index of 114, 1.0x Forked River.
| City | Population | Cost Of Living | Vs. Forked River |
|---|---|---|---|
| Toms River, NJ | 91,798 | 118 | 1.1x |
| Point Pleasant, NJ | 18,839 | 132 | 1.2x |
| Ocean Acres, NJ | 17,886 | 114 | 1.0x |
| Holiday City-Berkeley, NJ | 12,889 | 105 | 1.0x |
| Beachwood, NJ | 10,863 | 117 | 1.1x |
| Pine Lake Park, NJ | 9,148 | 117 | 1.1x |
