Cost of Living in Ocean city, NJ

Housing

The housing market plays a significant role in determining the cost of living in Ocean city, NJ.

• Housing Index: 0.0 / 100
• Median Home Price is: $600000
• Average Rent (2 BR Apartment): $0.0 per month
• Average Rent (2 BR House): $0.0 per month

In considering a move to Ocean city, NJ, the housing landscape is notably challenging. With a median home price of 600000, potential homeowners may find it difficult to enter the market. Having a housing index of 0.0 indicates a dip in overall affordability, coupled with the average rents for a 2-bedroom apartment and house both sitting at 0.0 and 0.0, respectively, suggesting limited rental options. Prospective residents should weigh the high housing costs against local amenities and income levels, particularly in a competitive environment.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Ocean city, NJ.

• Electricity Price: 19.88 USD (median by state)
• Natural Gas Price: $14.01 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $0.0 per month

Living in Ocean city, NJ could entail higher utility costs. Electricity costs sit at 19.88, while natural gas is priced at 14.01 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 0.0 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 0.0

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $98576

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

• Click here for more information

Summary

When considering a move to Ocean city, NJ, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.