Oceanport, NJ Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Oceanport, NJ Summary

Cost of living in Oceanport 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 Oceanport 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 Oceanport is 161, with 100 being the average.

  • The cost of living index in Oceanport is 1.6x higher than the national average.

  • Oceanport ranks as the #214 cheapest in New Jersey out of 251.

  • Oceanport ranks as the #6,015 cheapest out of 6,412 in the US.

  • The median home value in Oceanport is $568,500.

  • The median income in Oceanport is $111,400.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
161
Oceanport's Overall Cost Of Living
1.6x
Higher Than The National Average

What is the cost of living in Oceanport, NJ?

According to the most recent data on the cost of living, Oceanport has an overall cost of living index of 161, which is 1.6x higher than the national index of 100.

Compared to New Jersey, Oceanport has a cost of living index that's 1.5x higher than New Jersey's index of 111.

The standard of living in Oceanport ranks as #214 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Oceanport ranks as the #37 most expensive place in the Garden State.

For more reading on life in Oceanport, check out:

214 out of 251
In New Jersey
6,015 out of 6,412
In America

Oceanport Cost Of Living Vs. New Jersey

Six factors go into calculating the cost of living index in Oceanport. Here is how it fairs on each of the criteria:

  • The Services index in Oceanport is 134.

  • The Groceries index in Oceanport is 149.

  • The Health index in Oceanport is 110.

  • The Housing index in Oceanport is 243.

  • The Transportation index in Oceanport is 134.

  • The Utilities index in Oceanport is 100.

Living Expense Oceanport New Jersey National Average
Overall 161 111 100
Services 134 104 100
Groceries 149 104 100
Health 110 95 100
Housing 243 130 100
Transportation 134 106 100
Utilities 100 108 100
For more reading on cost of living around New Jersey, check out:
Oceanport Cost of Living Vs. NJ

Oceanport, 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 Oceanport is $568,500.

  • The Median Rent in Oceanport is $2,639.

  • The Median Income in Oceanport is $111,400.

  • The Home Value To Income in Oceanport is 5.1x.

  • The Rent To Monthly Income in Oceanport is 0.28x.

Statistic Oceanport New Jersey United States
Median Home Value $568,500 $355,700 $244,900
Median Rent $2,639 $1,436 $1,163
Median Income $111,400 $89,703 $69,021
Home Value To Income 5.1x 4.0x 3.5x
Rent To Monthly Income 0.28x 0.19x 0.2x
Search Homes For Sale In Oceanport, NJ
$568,500
Median Home Value
$2,639
Median Rent
$111,400
Median Income

Oceanport, NJ Costs By Category

Detailed Oceanport Services Costs Vs. New Jersey

Item Oceanport New Jersey
Shampoo $1.67 $1.06
Movie $16.31 $10.68
Bowling $20.49 $14.67
Haircut $23.25 $18.62
Beauty Salon $60.79 $39.05

Detailed Oceanport Groceries Costs Vs. New Jersey

Item Oceanport New Jersey
Ground Beef $6.4 $4.22
Fried Chicken $2.65 $1.39
Milk $3.11 $2.05
Potatoes $4.16 $3.29
Pizza $12.33 $10.62
Beer $12.01 $9.38
Toothpaste $4.42 $2.34

Detailed Oceanport Health Costs Vs. New Jersey

Item Oceanport New Jersey
Optometrist $108.08 $108.57
Doctor $106.72 $116.17
Dentist $124.43 $99.13

Detailed Oceanport Transportation Costs Vs. New Jersey

Item Oceanport New Jersey
Gasoline $2.62 $2.22
Tire Balancing $80.22 $50.07

Detailed Oceanport Utilities Costs Vs. New Jersey

Item Oceanport New Jersey
All Electricity $157.7 $167.67
Phone $189.52 $175.64

Oceanport SnackAbility

9.5
/10
Overall SnackAbility
Jobs
9/10
Housing
1
Affordability
1
Diversity
7
Safety
8.5
Amenities
8
Education
9
Commute
5

Cost Of Living In Cities Around Oceanport

The cost of living varies in the cities and towns around Oceanport. Here's a quick look at the cost of living in the most populous nearby places:

  • Long Branch, NJ has a cost of living index of 141, 0.9x Oceanport.

  • Old Bridge, NJ has a cost of living index of 125, 0.8x Oceanport.

  • Tinton Falls, NJ has a cost of living index of 126, 0.8x Oceanport.

City Population Cost Of Living Vs. Oceanport
Long Branch, NJ 31,734 141 0.9x
Old Bridge, NJ 28,252 125 0.8x
Tinton Falls, NJ 19,053 126 0.8x
West Freehold, NJ 14,565 136 0.8x
Red Bank, NJ 12,825 145 0.9x
Freehold, NJ 12,485 119 0.7x
West Long Branch, NJ 8,470 151 0.9x
Yorketown, NJ 7,316 144 0.9x
Rumson, NJ 7,292 226 1.4x
Strathmore, NJ 7,119 129 0.8x

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