Little Silver, NJ Cost Of Living
Cost Of Living In Little Silver, NJ Summary
Cost of living in Little Silver 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 Little Silver 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 Little Silver is 196, with 100 being the average.
The cost of living index in Little Silver is 2.0x higher than the national average.
Little Silver ranks as the #253 cheapest in New Jersey out of 260.
Little Silver ranks as the #6,296 cheapest out of 6,489 in the US.
The median home value in Little Silver is $1,082,845.
The median income in Little Silver is $220,746.
Table Of Contents
Little Silver's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Little Silver, NJ?
According to the most recent data on the cost of living, Little Silver has an overall cost of living index of 196, which is 2.0x higher than the national index of 100.
Compared to New Jersey, Little Silver has a cost of living index that's 1.6x higher than New Jersey's index of 122.
The standard of living in Little Silver ranks as #253 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Little Silver ranks as the #7 most expensive place in the Garden State.
For more reading on life in Little Silver, check out:
In New Jersey
In America
Little Silver Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Little Silver. Here is how it fairs on each of the criteria:
The Services index in Little Silver is 125.
The Groceries index in Little Silver is 114.
The Health index in Little Silver is 119.
The Housing index in Little Silver is 378.
The Transportation index in Little Silver is 116.
The Utilities index in Little Silver is 102.
| Living Expense | Little Silver | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 196 | 122 | 100 | |
| Services | 125 | 108 | 100 | |
| Groceries | 114 | 104 | 100 | |
| Health | 119 | 99 | 100 | |
| Housing | 378 | 159 | 100 | |
| Transportation | 116 | 101 | 100 | |
| Utilities | 102 | 107 | 100 | |
Little Silver, 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 Little Silver is $1,082,845.
The Median Rent in Little Silver is $3,501.
The Median Income in Little Silver is $220,746.
The Home Value To Income in Little Silver is 4.9x.
The Rent To Monthly Income in Little Silver is 0.19x.
| Statistic | Little Silver | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $1,082,845 | $564,432 | $303,400 |
| Median Rent | $3,501 | $1,653 | $1,348 |
| Median Income | $220,746 | $101,050 | $78,538 |
| Home Value To Income | 4.9x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Little Silver, NJ Costs By Category
Detailed Little Silver Services Costs Vs. New Jersey
| Item | Little Silver | 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 Little Silver Groceries Costs Vs. New Jersey
| Item | Little Silver | 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 Little Silver Health Costs Vs. New Jersey
| Item | Little Silver | New Jersey |
|---|---|---|
| Optometrist | $128.97 | $125.68 |
| Doctor | $162.24 | $135.78 |
| Dentist | $149.64 | $113.29 |
Detailed Little Silver Transportation Costs Vs. New Jersey
| Item | Little Silver | New Jersey |
|---|---|---|
| Gasoline | $3.55 | $3.46 |
| Tire Balancing | $86.43 | $59.92 |
Detailed Little Silver Utilities Costs Vs. New Jersey
| Item | Little Silver | New Jersey |
|---|---|---|
| All Electricity | $201.27 | $193.99 |
| Phone | $200.67 | $192.25 |
Little Silver SnackAbility
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Cost Of Living In Cities Around Little Silver
The cost of living varies in the cities and towns around Little Silver. 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, 0.8x Little Silver.
Old Bridge, NJ has a cost of living index of 128, 0.7x Little Silver.
Tinton Falls, NJ has a cost of living index of 134, 0.7x Little Silver.
| City | Population | Cost Of Living | Vs. Little Silver |
|---|---|---|---|
| Lakewood, NJ | 69,884 | 147 | 0.8x |
| Old Bridge, NJ | 28,015 | 128 | 0.7x |
| Tinton Falls, NJ | 19,252 | 134 | 0.7x |
| Fairview, NJ | 14,920 | 156 | 0.8x |
| West Freehold, NJ | 14,233 | 136 | 0.7x |
| Red Bank, NJ | 12,864 | 143 | 0.7x |
| Freehold, NJ | 12,504 | 125 | 0.6x |
| West Long Branch, NJ | 8,576 | 151 | 0.8x |
| Rumson, NJ | 7,265 | 239 | 1.2x |
| Yorketown, NJ | 7,265 | 140 | 0.7x |
