Ventnor City, NJ Cost Of Living

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

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 111, 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 #46 cheapest in New Jersey out of 251.

  • Ventnor City ranks as the #4,219 cheapest out of 6,412 in the US.

  • The median home value in Ventnor City is $264,900.

  • The median income in Ventnor City is $66,783.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
111
Ventnor City's Overall Cost Of Living
1.1x
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 111, 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 1.0x lower than New Jersey's index of 111.

The standard of living in Ventnor City ranks as #46 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Ventnor City ranks as the #205 most expensive place in the Garden State.

For more reading on life in Ventnor City, check out:

46 out of 251
In New Jersey
4,219 out of 6,412
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 99.

  • The Groceries index in Ventnor City is 100.

  • The Health index in Ventnor City is 92.

  • The Housing index in Ventnor City is 146.

  • The Transportation index in Ventnor City is 104.

  • The Utilities index in Ventnor City is 96.

Living Expense Ventnor City New Jersey National Average
Overall 111 111 100
Services 99 104 100
Groceries 100 104 100
Health 92 95 100
Housing 146 130 100
Transportation 104 106 100
Utilities 96 108 100
For more reading on cost of living around New Jersey, check out:
Ventnor City Cost of Living Vs. NJ

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 2017-2021. The key points are:

  • The Median Home Value in Ventnor City is $264,900.

  • The Median Rent in Ventnor City is $1,420.

  • The Median Income in Ventnor City is $66,783.

  • The Home Value To Income in Ventnor City is 4.0x.

  • The Rent To Monthly Income in Ventnor City is 0.26x.

Statistic Ventnor City New Jersey United States
Median Home Value $264,900 $355,700 $244,900
Median Rent $1,420 $1,436 $1,163
Median Income $66,783 $89,703 $69,021
Home Value To Income 4.0x 4.0x 3.5x
Rent To Monthly Income 0.26x 0.19x 0.2x
Search Homes For Sale In Ventnor City, NJ
$264,900
Median Home Value
$1,420
Median Rent
$66,783
Median Income

Ventnor City, NJ Costs By Category

Detailed Ventnor City Services Costs Vs. New Jersey

Item Ventnor City New Jersey
Shampoo $1.03 $1.06
Movie $10.99 $10.68
Bowling $13.51 $14.67
Haircut $18.79 $18.62
Beauty Salon $36.26 $39.05

Detailed Ventnor City Groceries Costs Vs. New Jersey

Item Ventnor City New Jersey
Ground Beef $4.23 $4.22
Fried Chicken $1.43 $1.39
Milk $2.48 $2.05
Potatoes $2.69 $3.29
Pizza $10.99 $10.62
Beer $9.0 $9.38
Toothpaste $1.92 $2.34

Detailed Ventnor City Health Costs Vs. New Jersey

Item Ventnor City New Jersey
Optometrist $113.84 $108.57
Doctor $81.68 $116.17
Dentist $101.93 $99.13

Detailed Ventnor City Transportation Costs Vs. New Jersey

Item Ventnor City New Jersey
Gasoline $2.25 $2.22
Tire Balancing $58.27 $50.07

Detailed Ventnor City Utilities Costs Vs. New Jersey

Item Ventnor City New Jersey
All Electricity $155.11 $167.67
Phone $180.04 $175.64

Ventnor City SnackAbility

8
/10
Overall SnackAbility
Jobs
5/10
Housing
8.5
Affordability
4
Diversity
8.5
Safety
6
Amenities
9
Education
8
Commute
7

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