Ventnor City, NJ Cost Of Living
Cost Of Living In Ventnor City, NJ Summary
Cost of living in Ventnor City 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 Ventnor City 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 Ventnor City is 112, with 100 being the average.
The cost of living index in Ventnor City is 1.1x higher than the national average.
Ventnor City ranks as the #53 cheapest in New Jersey out of 260.
Ventnor City ranks as the #3,863 cheapest out of 6,489 in the US.
The median home value in Ventnor City is $610,193.
The median income in Ventnor City is $74,619.
Table Of Contents
Ventnor City's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Ventnor City, NJ?
According to the most recent data on the cost of living, Ventnor City has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to New Jersey, Ventnor City has a cost of living index that's 0.9x lower than New Jersey's index of 122.
The standard of living in Ventnor City ranks as #53 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Ventnor City ranks as the #207 most expensive place in the Garden State.
For more reading on life in Ventnor City, check out:
In New Jersey
In America
Ventnor City Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Ventnor City. Here is how it fairs on each of the criteria:
The Services index in Ventnor City is 104.
The Groceries index in Ventnor City is 102.
The Health index in Ventnor City is 93.
The Housing index in Ventnor City is 139.
The Transportation index in Ventnor City is 108.
The Utilities index in Ventnor City is 110.
| Living Expense | Ventnor City | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 112 | 122 | 100 | |
| Services | 104 | 108 | 100 | |
| Groceries | 102 | 104 | 100 | |
| Health | 93 | 99 | 100 | |
| Housing | 139 | 159 | 100 | |
| Transportation | 108 | 101 | 100 | |
| Utilities | 110 | 107 | 100 | |
Ventnor City, 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 Ventnor City is $610,193.
The Median Rent in Ventnor City is $1,477.
The Median Income in Ventnor City is $74,619.
The Home Value To Income in Ventnor City is 8.2x.
The Rent To Monthly Income in Ventnor City is 0.24x.
| Statistic | Ventnor City | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $610,193 | $564,432 | $303,400 |
| Median Rent | $1,477 | $1,653 | $1,348 |
| Median Income | $74,619 | $101,050 | $78,538 |
| Home Value To Income | 8.2x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.24x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Ventnor City, NJ Costs By Category
Detailed Ventnor City Services Costs Vs. New Jersey
| Item | Ventnor City | 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 Ventnor City Groceries Costs Vs. New Jersey
| Item | Ventnor City | 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 Ventnor City Health Costs Vs. New Jersey
| Item | Ventnor City | New Jersey |
|---|---|---|
| Optometrist | $123.5 | $125.68 |
| Doctor | $132.56 | $135.78 |
| Dentist | $103.31 | $113.29 |
Detailed Ventnor City Transportation Costs Vs. New Jersey
| Item | Ventnor City | New Jersey |
|---|---|---|
| Gasoline | $3.53 | $3.46 |
| Tire Balancing | $70.89 | $59.92 |
Detailed Ventnor City Utilities Costs Vs. New Jersey
| Item | Ventnor City | New Jersey |
|---|---|---|
| All Electricity | $222.45 | $193.99 |
| Phone | $198.27 | $192.25 |
Ventnor City SnackAbility
/10
