Cost of Living in Ocean Acres, NJ
Cost of Living in Ocean Acres, NJ has an overall index of 114, 14% above the U.S. baseline of 100. The typical home value is $359,200; typical monthly rent is $2,240; and median household income is $117,739.
Cost index: committed city housing/rent inputs and BEA 2024 state nonmetro price parities. Home value: Census ACS 2023 fallback place estimate. Rent: Census ACS 2023 fallback place estimate. A place-level signal, not a personal affordability decision or financial recommendation.
Rent and home prices are comparatively balanced with local income. This describes the local market, not your household.
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Frequently asked questions about Ocean Acres
Living in Ocean Acres
Is Ocean Acres, NJ an expensive place to live?+
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.
How does Ocean Acres fit a household housing budget?+
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. Use that as a planning signal for whether the place looks manageable under your own household assumptions.
How much are taxes in Ocean Acres, NJ?+
New Jersey uses a progressive model; 10.75% is top marginal-rate context. Applying the 2.47% state-level effective owner-occupied proxy to a home worth $359,200 gives a planning estimate near $8,872 per year; it is not a city, county, parcel, or individual tax bill. State plus average local sales-tax context is around 6.6%.
How much does it cost to rent in Ocean Acres, NJ?+
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.
How much does a house cost in Ocean Acres, NJ?+
The typical home value in Ocean Acres is $359,200. With 20% down and the committed 6.11% national 30-year fixed benchmark as of 2026-03-12, principal and interest are roughly $1,743/month before property tax and insurance. This is a planning estimate, not a local lender quote. About 95% of residents here own their homes.
Are groceries and utilities expensive in Ocean Acres?+
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.
What is Ocean Acres, NJ like to live in?+
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%.