Little Silver, NJ Cost Of Living

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

Cost Of Living In Little Silver, NJ Summary

Cost of living in Little Silver 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 Little Silver 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 Little Silver is 178, with 100 being the average.

  • The cost of living index in Little Silver is 1.8x higher than the national average.

  • Little Silver ranks as the #237 cheapest in New Jersey out of 251.

  • Little Silver ranks as the #6,199 cheapest out of 6,412 in the US.

  • The median home value in Little Silver is $709,100.

  • The median income in Little Silver is $212,069.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
178
Little Silver's Overall Cost Of Living
1.8x
Higher Than The National Average

What is the cost of living in Little Silver, NJ?

According to the most recent data on the cost of living, Little Silver has an overall cost of living index of 178, which is 1.8x higher than the national index of 100.

Compared to New Jersey, Little Silver has a cost of living index that's 1.6x higher than New Jersey's index of 111.

The standard of living in Little Silver ranks as #237 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Little Silver ranks as the #14 most expensive place in the Garden State.

For more reading on life in Little Silver, check out:

237 out of 251
In New Jersey
6,199 out of 6,412
In America

Little Silver Cost Of Living Vs. New Jersey

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

  • The Services index in Little Silver is 133.

  • The Groceries index in Little Silver is 146.

  • The Health index in Little Silver is 110.

  • The Housing index in Little Silver is 300.

  • The Transportation index in Little Silver is 133.

  • The Utilities index in Little Silver is 100.

Living Expense Little Silver New Jersey National Average
Overall 178 111 100
Services 133 104 100
Groceries 146 104 100
Health 110 95 100
Housing 300 130 100
Transportation 133 106 100
Utilities 100 108 100
For more reading on cost of living around New Jersey, check out:
Little Silver Cost of Living Vs. NJ

Little Silver, 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 Little Silver is $709,100.

  • The Median Rent in Little Silver is $3,501.

  • The Median Income in Little Silver is $212,069.

  • The Home Value To Income in Little Silver is 3.3x.

  • The Rent To Monthly Income in Little Silver is 0.2x.

Statistic Little Silver New Jersey United States
Median Home Value $709,100 $355,700 $244,900
Median Rent $3,501 $1,436 $1,163
Median Income $212,069 $89,703 $69,021
Home Value To Income 3.3x 4.0x 3.5x
Rent To Monthly Income 0.2x 0.19x 0.2x
Search Homes For Sale In Little Silver, NJ
$709,100
Median Home Value
$3,501
Median Rent
$212,069
Median Income

Little Silver, NJ Costs By Category

Detailed Little Silver Services Costs Vs. New Jersey

Item Little Silver 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 Little Silver Groceries Costs Vs. New Jersey

Item Little Silver 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 Little Silver Health Costs Vs. New Jersey

Item Little Silver New Jersey
Optometrist $108.08 $108.57
Doctor $106.72 $116.17
Dentist $124.43 $99.13

Detailed Little Silver Transportation Costs Vs. New Jersey

Item Little Silver New Jersey
Gasoline $2.62 $2.22
Tire Balancing $80.22 $50.07

Detailed Little Silver Utilities Costs Vs. New Jersey

Item Little Silver New Jersey
All Electricity $157.7 $167.67
Phone $189.52 $175.64

Little Silver SnackAbility

10
/10
Overall SnackAbility
Jobs
9/10
Housing
10
Affordability
6
Diversity
4
Safety
9
Amenities
8.5
Education
10
Commute
3

Cost Of Living In Cities Around Little Silver

The cost of living varies in the cities and towns around Little Silver. 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, 0.8x Little Silver.

  • Old Bridge, NJ has a cost of living index of 125, 0.7x Little Silver.

  • Tinton Falls, NJ has a cost of living index of 126, 0.7x Little Silver.

City Population Cost Of Living Vs. Little Silver
Lakewood, NJ 66,752 136 0.8x
Old Bridge, NJ 28,252 125 0.7x
Tinton Falls, NJ 19,053 126 0.7x
Fairview, NJ 14,918 140 0.8x
West Freehold, NJ 14,565 136 0.8x
Red Bank, NJ 12,825 145 0.8x
Freehold, NJ 12,485 119 0.7x
West Long Branch, NJ 8,470 151 0.8x
Yorketown, NJ 7,316 144 0.8x
Rumson, NJ 7,292 226 1.3x

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