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 107, 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 #33 cheapest in New Jersey out of 251.
Mystic Island ranks as the #3,867 cheapest out of 6,412 in the US.
The median home value in Mystic Island is $225,500.
The median income in Mystic Island is $60,589.
According to the most recent data on the cost of living, Mystic Island has an overall cost of living index of 107, 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 1.0x lower than New Jersey's index of 111.
The standard of living in Mystic Island ranks as #33 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Mystic Island ranks as the #218 most expensive place in the Garden State.
For more reading on life in Mystic Island, check out:
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 100.
The Groceries index in Mystic Island is 102.
The Health index in Mystic Island is 95.
The Housing index in Mystic Island is 121.
The Transportation index in Mystic Island is 104.
The Utilities index in Mystic Island is 93.
|Living Expense||Mystic Island||New Jersey||National Average|
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 Mystic Island is $225,500.
The Median Rent in Mystic Island is $1,678.
The Median Income in Mystic Island is $60,589.
The Home Value To Income in Mystic Island is 3.7x.
The Rent To Monthly Income in Mystic Island is 0.33x.
|Statistic||Mystic Island||New Jersey||United States|
|Median Home Value||$225,500||$355,700||$244,900|
|Home Value To Income||3.7x||4.0x||3.5x|
|Rent To Monthly Income||0.33x||0.19x||0.2x|
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 97, 0.9x Mystic Island.
Ocean Acres, NJ has a cost of living index of 114, 1.1x Mystic Island.
Smithville, NJ has a cost of living index of 108, 1.0x Mystic Island.