Oceanport, NJ Cost Of Living
Cost Of Living In Oceanport, NJ Summary
Cost of living in Oceanport 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 Oceanport 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 Oceanport is 161, with 100 being the average.
The cost of living index in Oceanport is 1.6x higher than the national average.
Oceanport ranks as the #214 cheapest in New Jersey out of 251.
Oceanport ranks as the #6,015 cheapest out of 6,412 in the US.
The median home value in Oceanport is $568,500.
The median income in Oceanport is $111,400.
Table Of Contents
Oceanport's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Oceanport, NJ?
According to the most recent data on the cost of living, Oceanport has an overall cost of living index of 161, which is 1.6x higher than the national index of 100.
Compared to New Jersey, Oceanport has a cost of living index that's 1.5x higher than New Jersey's index of 111.
The standard of living in Oceanport ranks as #214 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Oceanport ranks as the #37 most expensive place in the Garden State.
For more reading on life in Oceanport, check out:
- Living In Oceanport
- Oceanport Crime Report
- Search Homes For Sale In Oceanport, NJ
In New Jersey
In America
Oceanport Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Oceanport. Here is how it fairs on each of the criteria:
The Services index in Oceanport is 134.
The Groceries index in Oceanport is 149.
The Health index in Oceanport is 110.
The Housing index in Oceanport is 243.
The Transportation index in Oceanport is 134.
The Utilities index in Oceanport is 100.
| Living Expense | Oceanport | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 161 | 111 | 100 | |
| Services | 134 | 104 | 100 | |
| Groceries | 149 | 104 | 100 | |
| Health | 110 | 95 | 100 | |
| Housing | 243 | 130 | 100 | |
| Transportation | 134 | 106 | 100 | |
| Utilities | 100 | 108 | 100 | |
Oceanport, 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 Oceanport is $568,500.
The Median Rent in Oceanport is $2,639.
The Median Income in Oceanport is $111,400.
The Home Value To Income in Oceanport is 5.1x.
The Rent To Monthly Income in Oceanport is 0.28x.
| Statistic | Oceanport | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $568,500 | $355,700 | $244,900 |
| Median Rent | $2,639 | $1,436 | $1,163 |
| Median Income | $111,400 | $89,703 | $69,021 |
| Home Value To Income | 5.1x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.28x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Oceanport, NJ Costs By Category
Detailed Oceanport Services Costs Vs. New Jersey
| Item | Oceanport | New Jersey |
|---|---|---|
| Shampoo | $1.67 | $1.06 |
| Movie | $16.31 | $10.68 |
| Bowling | $20.49 | $14.67 |
| Haircut | $23.25 | $18.62 |
| Beauty Salon | $60.79 | $39.05 |
Detailed Oceanport Groceries Costs Vs. New Jersey
| Item | Oceanport | New Jersey |
|---|---|---|
| Ground Beef | $6.4 | $4.22 |
| Fried Chicken | $2.65 | $1.39 |
| Milk | $3.11 | $2.05 |
| Potatoes | $4.16 | $3.29 |
| Pizza | $12.33 | $10.62 |
| Beer | $12.01 | $9.38 |
| Toothpaste | $4.42 | $2.34 |
Detailed Oceanport Health Costs Vs. New Jersey
| Item | Oceanport | New Jersey |
|---|---|---|
| Optometrist | $108.08 | $108.57 |
| Doctor | $106.72 | $116.17 |
| Dentist | $124.43 | $99.13 |
Detailed Oceanport Transportation Costs Vs. New Jersey
| Item | Oceanport | New Jersey |
|---|---|---|
| Gasoline | $2.62 | $2.22 |
| Tire Balancing | $80.22 | $50.07 |
Detailed Oceanport Utilities Costs Vs. New Jersey
| Item | Oceanport | New Jersey |
|---|---|---|
| All Electricity | $157.7 | $167.67 |
| Phone | $189.52 | $175.64 |
Oceanport SnackAbility
/10
Cost Of Living In Cities Around Oceanport
The cost of living varies in the cities and towns around Oceanport. Here's a quick look at the cost of living in the most populous nearby places:
Long Branch, NJ has a cost of living index of 141, 0.9x Oceanport.
Old Bridge, NJ has a cost of living index of 125, 0.8x Oceanport.
Tinton Falls, NJ has a cost of living index of 126, 0.8x Oceanport.
| City | Population | Cost Of Living | Vs. Oceanport |
|---|---|---|---|
| Long Branch, NJ | 31,734 | 141 | 0.9x |
| Old Bridge, NJ | 28,252 | 125 | 0.8x |
| Tinton Falls, NJ | 19,053 | 126 | 0.8x |
| West Freehold, NJ | 14,565 | 136 | 0.8x |
| Red Bank, NJ | 12,825 | 145 | 0.9x |
| Freehold, NJ | 12,485 | 119 | 0.7x |
| West Long Branch, NJ | 8,470 | 151 | 0.9x |
| Yorketown, NJ | 7,316 | 144 | 0.9x |
| Rumson, NJ | 7,292 | 226 | 1.4x |
| Strathmore, NJ | 7,119 | 129 | 0.8x |
