Ocean Acres, NJ Cost Of Living
Cost Of Living In Ocean Acres, NJ Summary
Cost of living in Ocean Acres 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 Ocean Acres 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 Ocean Acres is 121, with 100 being the average.
The cost of living index in Ocean Acres is 1.2x higher than the national average.
Ocean Acres ranks as the #93 cheapest in New Jersey out of 260.
Ocean Acres ranks as the #4,476 cheapest out of 6,489 in the US.
The median home value in Ocean Acres is $474,144.
The median income in Ocean Acres is $117,739.
Table Of Contents
Ocean Acres's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Ocean Acres, NJ?
According to the most recent data on the cost of living, Ocean Acres has an overall cost of living index of 121, which is 1.2x higher than the national index of 100.
Compared to New Jersey, Ocean Acres has a cost of living index that's 1.0x lower than New Jersey's index of 122.
The standard of living in Ocean Acres ranks as #93 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Ocean Acres ranks as the #167 most expensive place in the Garden State.
For more reading on life in Ocean Acres, check out:
In New Jersey
In America
Ocean Acres Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Ocean Acres. Here is how it fairs on each of the criteria:
The Services index in Ocean Acres is 103.
The Groceries index in Ocean Acres is 103.
The Health index in Ocean Acres is 93.
The Housing index in Ocean Acres is 162.
The Transportation index in Ocean Acres is 109.
The Utilities index in Ocean Acres is 109.
| Living Expense | Ocean Acres | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 121 | 122 | 100 | |
| Services | 103 | 108 | 100 | |
| Groceries | 103 | 104 | 100 | |
| Health | 93 | 99 | 100 | |
| Housing | 162 | 159 | 100 | |
| Transportation | 109 | 101 | 100 | |
| Utilities | 109 | 107 | 100 | |
Ocean Acres, 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 Ocean Acres is $474,144.
The Median Rent in Ocean Acres is $2,240.
The Median Income in Ocean Acres is $117,739.
The Home Value To Income in Ocean Acres is 4.0x.
The Rent To Monthly Income in Ocean Acres is 0.23x.
| Statistic | Ocean Acres | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $474,144 | $564,432 | $303,400 |
| Median Rent | $2,240 | $1,653 | $1,348 |
| Median Income | $117,739 | $101,050 | $78,538 |
| Home Value To Income | 4.0x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.23x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Ocean Acres, NJ Costs By Category
Detailed Ocean Acres Services Costs Vs. New Jersey
| Item | Ocean Acres | 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 Ocean Acres Groceries Costs Vs. New Jersey
| Item | Ocean Acres | 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 Ocean Acres Health Costs Vs. New Jersey
| Item | Ocean Acres | New Jersey |
|---|---|---|
| Optometrist | $123.5 | $125.68 |
| Doctor | $132.56 | $135.78 |
| Dentist | $103.31 | $113.29 |
Detailed Ocean Acres Transportation Costs Vs. New Jersey
| Item | Ocean Acres | New Jersey |
|---|---|---|
| Gasoline | $3.53 | $3.46 |
| Tire Balancing | $70.89 | $59.92 |
Detailed Ocean Acres Utilities Costs Vs. New Jersey
| Item | Ocean Acres | New Jersey |
|---|---|---|
| All Electricity | $222.45 | $193.99 |
| Phone | $198.27 | $192.25 |
Ocean Acres SnackAbility
/10
Cost Of Living In Cities Around Ocean Acres
The cost of living varies in the cities and towns around Ocean Acres. 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 125, 1.0x Ocean Acres.
Holiday City-Berkeley, NJ has a cost of living index of 109, 0.9x Ocean Acres.
Beachwood, NJ has a cost of living index of 119, 1.0x Ocean Acres.
| City | Population | Cost Of Living | Vs. Ocean Acres |
|---|---|---|---|
| Toms River, NJ | 93,915 | 125 | 1.0x |
| Holiday City-Berkeley, NJ | 12,896 | 109 | 0.9x |
| Beachwood, NJ | 11,002 | 119 | 1.0x |
| Pine Lake Park, NJ | 9,251 | 122 | 1.0x |
| Mystic Island, NJ | 7,616 | 110 | 0.9x |
