Mystic Island, NJ Cost Of Living
Cost Of Living In Mystic Island, NJ Summary
Cost of living in Mystic Island 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 Mystic Island 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 Mystic Island is 110, with 100 being the average.
The cost of living index in Mystic Island is 1.1x higher than the national average.
Mystic Island ranks as the #45 cheapest in New Jersey out of 260.
Mystic Island ranks as the #3,657 cheapest out of 6,489 in the US.
The median home value in Mystic Island is $382,800.
The median income in Mystic Island is $71,917.
Table Of Contents
Mystic Island's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Mystic Island, NJ?
According to the most recent data on the cost of living, Mystic Island has an overall cost of living index of 110, which is 1.1x higher than the national index of 100.
Compared to New Jersey, Mystic Island has a cost of living index that's 0.9x lower than New Jersey's index of 122.
The standard of living in Mystic Island ranks as #45 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Mystic Island ranks as the #215 most expensive place in the Garden State.
For more reading on life in Mystic Island, check out:
In New Jersey
In America
Mystic Island Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Mystic Island. Here is how it fairs on each of the criteria:
The Services index in Mystic Island is 105.
The Groceries index in Mystic Island is 101.
The Health index in Mystic Island is 95.
The Housing index in Mystic Island is 125.
The Transportation index in Mystic Island is 108.
The Utilities index in Mystic Island is 108.
| Living Expense | Mystic Island | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 110 | 122 | 100 | |
| Services | 105 | 108 | 100 | |
| Groceries | 101 | 104 | 100 | |
| Health | 95 | 99 | 100 | |
| Housing | 125 | 159 | 100 | |
| Transportation | 108 | 101 | 100 | |
| Utilities | 108 | 107 | 100 | |
Mystic Island, 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 Mystic Island is $382,800.
The Median Rent in Mystic Island is $1,786.
The Median Income in Mystic Island is $71,917.
The Home Value To Income in Mystic Island is 5.3x.
The Rent To Monthly Income in Mystic Island is 0.3x.
| Statistic | Mystic Island | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $382,800 | $564,432 | $303,400 |
| Median Rent | $1,786 | $1,653 | $1,348 |
| Median Income | $71,917 | $101,050 | $78,538 |
| Home Value To Income | 5.3x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.3x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Mystic Island, NJ Costs By Category
Detailed Mystic Island Services Costs Vs. New Jersey
| Item | Mystic Island | New Jersey |
|---|---|---|
| Shampoo | $1.52 | $1.28 |
| Movie | $13.75 | $12.13 |
| Bowling | $19.47 | $18 |
| Haircut | $23.54 | $24.26 |
| Beauty Salon | $66.27 | $45.56 |
Detailed Mystic Island Groceries Costs Vs. New Jersey
| Item | Mystic Island | New Jersey |
|---|---|---|
| Ground Beef | $5.76 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.67 | $4.67 |
| Potatoes | $5.37 | $4.93 |
| Pizza | $11.73 | $12.09 |
| Beer | $11.99 | $10.41 |
| Toothpaste | $3.65 | $3.7 |
Detailed Mystic Island Health Costs Vs. New Jersey
| Item | Mystic Island | New Jersey |
|---|---|---|
| Optometrist | $123.5 | $125.68 |
| Doctor | $132.56 | $135.78 |
| Dentist | $103.31 | $113.29 |
Detailed Mystic Island Transportation Costs Vs. New Jersey
| Item | Mystic Island | New Jersey |
|---|---|---|
| Gasoline | $3.53 | $3.46 |
| Tire Balancing | $70.89 | $59.92 |
Detailed Mystic Island Utilities Costs Vs. New Jersey
| Item | Mystic Island | New Jersey |
|---|---|---|
| All Electricity | $222.45 | $193.99 |
| Phone | $198.27 | $192.25 |
Mystic Island SnackAbility
/10
Cost Of Living In Cities Around Mystic Island
The cost of living varies in the cities and towns around Mystic Island. Here's a quick look at the cost of living in the most populous nearby places:
Pleasantville, NJ has a cost of living index of 99, 0.9x Mystic Island.
Ocean Acres, NJ has a cost of living index of 121, 1.1x Mystic Island.
Smithville, NJ has a cost of living index of 106, 1.0x Mystic Island.
| City | Population | Cost Of Living | Vs. Mystic Island |
|---|---|---|---|
| Pleasantville, NJ | 20,604 | 99 | 0.9x |
| Ocean Acres, NJ | 18,689 | 121 | 1.1x |
| Smithville, NJ | 9,260 | 106 | 1.0x |
| Absecon, NJ | 9,099 | 110 | 1.0x |
| Northfield, NJ | 8,427 | 111 | 1.0x |
| Pomona, NJ | 8,141 | 100 | 0.9x |
| Brigantine, NJ | 7,702 | 127 | 1.2x |
| Linwood, NJ | 6,954 | 120 | 1.1x |
