Toms River, NJ Cost Of Living
Cost Of Living In Toms River, NJ Summary
Cost of living in Toms River 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 Toms River 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 Toms River is 118, with 100 being the average.
The cost of living index in Toms River is 1.2x higher than the national average.
Toms River ranks as the #78 cheapest in New Jersey out of 251.
Toms River ranks as the #4,687 cheapest out of 6,412 in the US.
The median home value in Toms River is $307,700.
The median income in Toms River is $85,752.
Table Of Contents
Toms River's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Toms River, NJ?
According to the most recent data on the cost of living, Toms River has an overall cost of living index of 118, which is 1.2x higher than the national index of 100.
Compared to New Jersey, Toms River has a cost of living index that's 1.1x higher than New Jersey's index of 111.
The standard of living in Toms River ranks as #78 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Toms River ranks as the #173 most expensive place in the Garden State.
For more reading on life in Toms River, check out:
- Living In Toms River
- Toms River Crime Report
- Search Homes For Sale In Toms River, NJ
In New Jersey
In America
Toms River Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Toms River. Here is how it fairs on each of the criteria:
The Services index in Toms River is 114.
The Groceries index in Toms River is 106.
The Health index in Toms River is 102.
The Housing index in Toms River is 149.
The Transportation index in Toms River is 108.
The Utilities index in Toms River is 102.
| Living Expense | Toms River | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 118 | 111 | 100 | |
| Services | 114 | 104 | 100 | |
| Groceries | 106 | 104 | 100 | |
| Health | 102 | 95 | 100 | |
| Housing | 149 | 130 | 100 | |
| Transportation | 108 | 106 | 100 | |
| Utilities | 102 | 108 | 100 | |
Toms River, 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 Toms River is $307,700.
The Median Rent in Toms River is $1,488.
The Median Income in Toms River is $85,752.
The Home Value To Income in Toms River is 3.6x.
The Rent To Monthly Income in Toms River is 0.21x.
| Statistic | Toms River | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $307,700 | $355,700 | $244,900 |
| Median Rent | $1,488 | $1,436 | $1,163 |
| Median Income | $85,752 | $89,703 | $69,021 |
| Home Value To Income | 3.6x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Toms River, NJ Costs By Category
Detailed Toms River Services Costs Vs. New Jersey
| Item | Toms River | New Jersey |
|---|---|---|
| Shampoo | $1.03 | $1.06 |
| Movie | $12.59 | $10.68 |
| Bowling | $17.73 | $14.67 |
| Haircut | $20.73 | $18.62 |
| Beauty Salon | $36.4 | $39.05 |
Detailed Toms River Groceries Costs Vs. New Jersey
| Item | Toms River | New Jersey |
|---|---|---|
| Ground Beef | $3.87 | $4.22 |
| Fried Chicken | $1.67 | $1.39 |
| Milk | $2.41 | $2.05 |
| Potatoes | $3.09 | $3.29 |
| Pizza | $11.4 | $10.62 |
| Beer | $9.19 | $9.38 |
| Toothpaste | $2.16 | $2.34 |
Detailed Toms River Health Costs Vs. New Jersey
| Item | Toms River | New Jersey |
|---|---|---|
| Optometrist | $101.33 | $108.57 |
| Doctor | $94.5 | $116.17 |
| Dentist | $113.15 | $99.13 |
Detailed Toms River Transportation Costs Vs. New Jersey
| Item | Toms River | New Jersey |
|---|---|---|
| Gasoline | $2.26 | $2.22 |
| Tire Balancing | $56.66 | $50.07 |
Detailed Toms River Utilities Costs Vs. New Jersey
| Item | Toms River | New Jersey |
|---|---|---|
| All Electricity | $174.26 | $167.67 |
| Phone | $179.87 | $175.64 |
Toms River SnackAbility
/10
Cost Of Living In Cities Around Toms River
The cost of living varies in the cities and towns around Toms River. Here's a quick look at the cost of living in the most populous nearby places:
Lakewood, NJ has a cost of living index of 136, 1.2x Toms River.
Tinton Falls, NJ has a cost of living index of 126, 1.1x Toms River.
Ocean Acres, NJ has a cost of living index of 114, 1.0x Toms River.
| City | Population | Cost Of Living | Vs. Toms River |
|---|---|---|---|
| Lakewood, NJ | 66,752 | 136 | 1.2x |
| Tinton Falls, NJ | 19,053 | 126 | 1.1x |
| Ocean Acres, NJ | 17,886 | 114 | 1.0x |
| West Freehold, NJ | 14,565 | 136 | 1.2x |
| Holiday City-Berkeley, NJ | 12,889 | 105 | 0.9x |
| Freehold, NJ | 12,485 | 119 | 1.0x |
| Beachwood, NJ | 10,863 | 117 | 1.0x |
| Pine Lake Park, NJ | 9,148 | 117 | 1.0x |
| Ramtown, NJ | 6,540 | 128 | 1.1x |
