Lincroft, NJ Cost Of Living
Cost Of Living In Lincroft, NJ Summary
Cost of living in Lincroft 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 Lincroft 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 Lincroft is 139, with 100 being the average.
The cost of living index in Lincroft is 1.4x higher than the national average.
Lincroft ranks as the #170 cheapest in New Jersey out of 251.
Lincroft ranks as the #5,546 cheapest out of 6,412 in the US.
The median home value in Lincroft is $591,100.
The median income in Lincroft is $172,710.
Table Of Contents
Lincroft's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lincroft, NJ?
According to the most recent data on the cost of living, Lincroft has an overall cost of living index of 139, which is 1.4x higher than the national index of 100.
Compared to New Jersey, Lincroft has a cost of living index that's 1.3x higher than New Jersey's index of 111.
The standard of living in Lincroft ranks as #170 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Lincroft ranks as the #81 most expensive place in the Garden State.
For more reading on life in Lincroft, check out:
- Living In Lincroft
- Search Homes For Sale In Lincroft, NJ
In New Jersey
In America
Lincroft Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Lincroft. Here is how it fairs on each of the criteria:
The Services index in Lincroft is 114.
The Groceries index in Lincroft is 105.
The Health index in Lincroft is 102.
The Housing index in Lincroft is 205.
The Transportation index in Lincroft is 107.
The Utilities index in Lincroft is 100.
| Living Expense | Lincroft | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 139 | 111 | 100 | |
| Services | 114 | 104 | 100 | |
| Groceries | 105 | 104 | 100 | |
| Health | 102 | 95 | 100 | |
| Housing | 205 | 130 | 100 | |
| Transportation | 107 | 106 | 100 | |
| Utilities | 100 | 108 | 100 | |
Lincroft, 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 Lincroft is $591,100.
The Median Rent in Lincroft is $809.
The Median Income in Lincroft is $172,710.
The Home Value To Income in Lincroft is 3.4x.
The Rent To Monthly Income in Lincroft is 0.06x.
| Statistic | Lincroft | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $591,100 | $355,700 | $244,900 |
| Median Rent | $809 | $1,436 | $1,163 |
| Median Income | $172,710 | $89,703 | $69,021 |
| Home Value To Income | 3.4x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.06x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Lincroft, NJ Costs By Category
Detailed Lincroft Services Costs Vs. New Jersey
| Item | Lincroft | 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 Lincroft Groceries Costs Vs. New Jersey
| Item | Lincroft | 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 Lincroft Health Costs Vs. New Jersey
| Item | Lincroft | New Jersey |
|---|---|---|
| Optometrist | $101.33 | $108.57 |
| Doctor | $94.5 | $116.17 |
| Dentist | $113.15 | $99.13 |
Detailed Lincroft Transportation Costs Vs. New Jersey
| Item | Lincroft | New Jersey |
|---|---|---|
| Gasoline | $2.26 | $2.22 |
| Tire Balancing | $56.66 | $50.07 |
Detailed Lincroft Utilities Costs Vs. New Jersey
| Item | Lincroft | New Jersey |
|---|---|---|
| All Electricity | $174.26 | $167.67 |
| Phone | $179.87 | $175.64 |
Lincroft SnackAbility
/10
Cost Of Living In Cities Around Lincroft
The cost of living varies in the cities and towns around Lincroft. Here's a quick look at the cost of living in the most populous nearby places:
Tinton Falls, NJ has a cost of living index of 126, 0.9x Lincroft.
Fairview, NJ has a cost of living index of 140, 1.0x Lincroft.
West Freehold, NJ has a cost of living index of 136, 1.0x Lincroft.
| City | Population | Cost Of Living | Vs. Lincroft |
|---|---|---|---|
| Tinton Falls, NJ | 19,053 | 126 | 0.9x |
| Fairview, NJ | 14,918 | 140 | 1.0x |
| West Freehold, NJ | 14,565 | 136 | 1.0x |
| Fords, NJ | 12,897 | 123 | 0.9x |
| Red Bank, NJ | 12,825 | 145 | 1.0x |
| Freehold, NJ | 12,485 | 119 | 0.9x |
| Twin Rivers, NJ | 8,049 | 114 | 0.8x |
| Yorketown, NJ | 7,316 | 144 | 1.0x |
| Strathmore, NJ | 7,119 | 129 | 0.9x |
| Ramtown, NJ | 6,540 | 128 | 0.9x |
