Ocean Acres, NJ

Yes — Ocean Acres is about 14% more expensive than the national average, with an overall Cost Index of 114. Housing is the biggest factor: the typical home here is valued around $359,200, and monthly rents average roughly $2,240. Day-to-day costs like groceries and utilities tend to run closer to the national norm.

Start with housing. Typical monthly rent is $2,240, while local median household income is $117,739. That implies a rent-burden proxy of about 23% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.

New Jersey has a progressive state income tax with a top rate of 10.75%. The effective property tax rate is 2.47%. On a home worth $359,200, that translates to roughly $8,872 per year in property taxes. Sales tax (state + local) averages around 6.6% on everyday purchases.

The typical monthly rent in Ocean Acres is around $2,240. That's about 66% higher than the $1,348 national median. For comparison, the median home value here is $359,200, so buyers should also factor in mortgage payments, property taxes, and insurance.

The median home in Ocean Acres is valued at $359,200. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $1,816/month for principal and interest alone — before property taxes and insurance. About 95% of residents here own their homes.

Grocery prices in Ocean Acres are about average compared to the rest of the US (index: 96, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 88). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.

Ocean Acres is a small town with a population of about 18,689. The median age of residents is 42.7, skewing somewhat older — common in established suburban communities. The local poverty rate is 1.8%, well below the national average of 12.4%.