Pine Lake Park, NJ Cost Of Living
Cost Of Living In Pine Lake Park, NJ Summary
Cost of living in Pine Lake Park 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 Pine Lake Park 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 Pine Lake Park is 122, with 100 being the average.
The cost of living index in Pine Lake Park is 1.2x higher than the national average.
Pine Lake Park ranks as the #99 cheapest in New Jersey out of 260.
Pine Lake Park ranks as the #4,541 cheapest out of 6,489 in the US.
The median home value in Pine Lake Park is $497,904.
The median income in Pine Lake Park is $87,998.
Table Of Contents
Pine Lake Park's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Pine Lake Park, NJ?
According to the most recent data on the cost of living, Pine Lake Park has an overall cost of living index of 122, which is 1.2x higher than the national index of 100.
Compared to New Jersey, Pine Lake Park has a cost of living index that's 1.0x lower than New Jersey's index of 122.
The standard of living in Pine Lake Park ranks as #99 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Pine Lake Park ranks as the #161 most expensive place in the Garden State.
For more reading on life in Pine Lake Park, check out:
In New Jersey
In America
Pine Lake Park Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Pine Lake Park. Here is how it fairs on each of the criteria:
The Services index in Pine Lake Park is 109.
The Groceries index in Pine Lake Park is 101.
The Health index in Pine Lake Park is 102.
The Housing index in Pine Lake Park is 149.
The Transportation index in Pine Lake Park is 103.
The Utilities index in Pine Lake Park is 109.
| Living Expense | Pine Lake Park | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 122 | 122 | 100 | |
| Services | 109 | 108 | 100 | |
| Groceries | 101 | 104 | 100 | |
| Health | 102 | 99 | 100 | |
| Housing | 149 | 159 | 100 | |
| Transportation | 103 | 101 | 100 | |
| Utilities | 109 | 107 | 100 | |
Pine Lake Park, 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 Pine Lake Park is $497,904.
The Median Rent in Pine Lake Park is $1,785.
The Median Income in Pine Lake Park is $87,998.
The Home Value To Income in Pine Lake Park is 5.7x.
The Rent To Monthly Income in Pine Lake Park is 0.24x.
| Statistic | Pine Lake Park | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $497,904 | $564,432 | $303,400 |
| Median Rent | $1,785 | $1,653 | $1,348 |
| Median Income | $87,998 | $101,050 | $78,538 |
| Home Value To Income | 5.7x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.24x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Pine Lake Park, NJ Costs By Category
Detailed Pine Lake Park Services Costs Vs. New Jersey
| Item | Pine Lake Park | New Jersey |
|---|---|---|
| Shampoo | $1.53 | $1.28 |
| Movie | $14.53 | $12.13 |
| Bowling | $20.98 | $18 |
| Haircut | $30.25 | $24.26 |
| Beauty Salon | $53.0 | $45.56 |
Detailed Pine Lake Park Groceries Costs Vs. New Jersey
| Item | Pine Lake Park | New Jersey |
|---|---|---|
| Ground Beef | $6.13 | $5.84 |
| Fried Chicken | $1.41 | $1.57 |
| Milk | $4.7 | $4.67 |
| Potatoes | $5.32 | $4.93 |
| Pizza | $12.59 | $12.09 |
| Beer | $11.12 | $10.41 |
| Toothpaste | $3.75 | $3.7 |
Detailed Pine Lake Park Health Costs Vs. New Jersey
| Item | Pine Lake Park | New Jersey |
|---|---|---|
| Optometrist | $129.93 | $125.68 |
| Doctor | $124.1 | $135.78 |
| Dentist | $129.94 | $113.29 |
Detailed Pine Lake Park Transportation Costs Vs. New Jersey
| Item | Pine Lake Park | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $72.38 | $59.92 |
Detailed Pine Lake Park Utilities Costs Vs. New Jersey
| Item | Pine Lake Park | New Jersey |
|---|---|---|
| All Electricity | $223.08 | $193.99 |
| Phone | $186.61 | $192.25 |
Pine Lake Park SnackAbility
/10
Cost Of Living In Cities Around Pine Lake Park
The cost of living varies in the cities and towns around Pine Lake Park. 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 Pine Lake Park.
Lakewood, NJ has a cost of living index of 147, 1.2x Pine Lake Park.
Ocean Acres, NJ has a cost of living index of 121, 1.0x Pine Lake Park.
| City | Population | Cost Of Living | Vs. Pine Lake Park |
|---|---|---|---|
| Toms River, NJ | 93,915 | 125 | 1.0x |
| Lakewood, NJ | 69,884 | 147 | 1.2x |
| Ocean Acres, NJ | 18,689 | 121 | 1.0x |
| West Freehold, NJ | 14,233 | 136 | 1.1x |
| Holiday City-Berkeley, NJ | 12,896 | 109 | 0.9x |
| Freehold, NJ | 12,504 | 125 | 1.0x |
| Beachwood, NJ | 11,002 | 119 | 1.0x |
| Browns Mills, NJ | 9,561 | 104 | 0.9x |
| Fort Dix, NJ | 8,034 | 140 | 1.1x |
| Ramtown, NJ | 6,410 | 134 | 1.1x |
