Asbury Park, NJ Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Asbury Park, NJ Summary

Cost of living in Asbury Park 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 Asbury Park 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 Asbury Park is 138, with 100 being the average.

  • The cost of living index in Asbury Park is 1.4x higher than the national average.

  • Asbury Park ranks as the #165 cheapest in New Jersey out of 251.

  • Asbury Park ranks as the #5,521 cheapest out of 6,412 in the US.

  • The median home value in Asbury Park is $382,900.

  • The median income in Asbury Park is $54,676.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
138
Asbury Park's Overall Cost Of Living
1.4x
Higher Than The National Average

What is the cost of living in Asbury Park, NJ?

According to the most recent data on the cost of living, Asbury Park has an overall cost of living index of 138, which is 1.4x higher than the national index of 100.

Compared to New Jersey, Asbury Park has a cost of living index that's 1.2x higher than New Jersey's index of 111.

The standard of living in Asbury Park ranks as #165 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Asbury Park ranks as the #86 most expensive place in the Garden State.

For more reading on life in Asbury Park, check out:

165 out of 251
In New Jersey
5,521 out of 6,412
In America

Asbury Park Cost Of Living Vs. New Jersey

Six factors go into calculating the cost of living index in Asbury Park. Here is how it fairs on each of the criteria:

  • The Services index in Asbury Park is 131.

  • The Groceries index in Asbury Park is 146.

  • The Health index in Asbury Park is 108.

  • The Housing index in Asbury Park is 158.

  • The Transportation index in Asbury Park is 133.

  • The Utilities index in Asbury Park is 99.

Living Expense Asbury Park New Jersey National Average
Overall 138 111 100
Services 131 104 100
Groceries 146 104 100
Health 108 95 100
Housing 158 130 100
Transportation 133 106 100
Utilities 99 108 100
For more reading on cost of living around New Jersey, check out:
Asbury Park Cost of Living Vs. NJ

Asbury Park, 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 Asbury Park is $382,900.

  • The Median Rent in Asbury Park is $1,400.

  • The Median Income in Asbury Park is $54,676.

  • The Home Value To Income in Asbury Park is 7.0x.

  • The Rent To Monthly Income in Asbury Park is 0.31x.

Statistic Asbury Park New Jersey United States
Median Home Value $382,900 $355,700 $244,900
Median Rent $1,400 $1,436 $1,163
Median Income $54,676 $89,703 $69,021
Home Value To Income 7.0x 4.0x 3.5x
Rent To Monthly Income 0.31x 0.19x 0.2x
Search Homes For Sale In Asbury Park, NJ
$382,900
Median Home Value
$1,400
Median Rent
$54,676
Median Income

Asbury Park, NJ Costs By Category

Detailed Asbury Park Services Costs Vs. New Jersey

Item Asbury Park 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 Asbury Park Groceries Costs Vs. New Jersey

Item Asbury Park 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 Asbury Park Health Costs Vs. New Jersey

Item Asbury Park New Jersey
Optometrist $108.08 $108.57
Doctor $106.72 $116.17
Dentist $124.43 $99.13

Detailed Asbury Park Transportation Costs Vs. New Jersey

Item Asbury Park New Jersey
Gasoline $2.62 $2.22
Tire Balancing $80.22 $50.07

Detailed Asbury Park Utilities Costs Vs. New Jersey

Item Asbury Park New Jersey
All Electricity $157.7 $167.67
Phone $189.52 $175.64

Asbury Park SnackAbility

5
/10
Overall SnackAbility
Jobs
6/10
Housing
9
Affordability
3
Diversity
10
Safety
3
Amenities
9.5
Education
8
Commute
4

Cost Of Living In Cities Around Asbury Park

The cost of living varies in the cities and towns around Asbury Park. Here's a quick look at the cost of living in the most populous nearby places:

  • Lakewood, NJ has a cost of living index of 136, 1.0x Asbury Park.

  • Tinton Falls, NJ has a cost of living index of 126, 0.9x Asbury Park.

  • West Freehold, NJ has a cost of living index of 136, 1.0x Asbury Park.

City Population Cost Of Living Vs. Asbury Park
Lakewood, NJ 66,752 136 1.0x
Tinton Falls, NJ 19,053 126 0.9x
West Freehold, NJ 14,565 136 1.0x
Freehold, NJ 12,485 119 0.9x
Yorketown, NJ 7,316 144 1.0x
Strathmore, NJ 7,119 129 0.9x
Lincroft, NJ 6,812 139 1.0x
Ramtown, NJ 6,540 128 0.9x
Little Silver, NJ 6,103 178 1.3x

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