The cost of living in Ocean City, NJ, stands higher than the nationwide average. Specifically, the overall cost of living index in Ocean City is 106.8, reflecting a 6.8% increase. This rise is driven by higher housing costs, which are 20% above the national average.
Job seekers should note that while some expenses like transportation are lower, others such as housing significantly affect the total cost of living. This information can help in financial planning and relocation decisions.
Ocean City, New Jersey, shows varying costs of living when compared to the nationwide average, which is set at 100. Housing in Ocean City stands at an index of 120, indicating that housing costs are 20% higher than the national average. Job seekers considering this area should be aware that finding a place to live will likely require a larger portion of their budget.
Transportation costs in Ocean City, at 95, are 5% below the national average. This might offer some relief to those who rely on personal vehicles for daily commutes and errands. Groceries, with an index of 105, are 5% above average, reflecting slightly higher prices at the grocery store. Utilities, including electricity, gas, and water, cost 10% more, with an index of 110. Healthcare and miscellaneous costs are nearly on par with the national average, at 100 and 102 respectively. These figures provide a clear picture for job seekers evaluating the overall cost of living in Ocean City, NJ.
