Ocean City, New Jersey, shows a higher cost of living compared to the nationwide average. Housing costs 15% more, while groceries are 5% higher. Utilities and healthcare are slightly above average, at 2% and 2% higher, respectively. Transportation and miscellaneous costs are close to the national average, with transportation at 3% less and miscellaneous costs matching the average.
Ocean City, NJ, has a cost of living index that varies across different categories when compared to the nationwide average. Housing costs in Ocean City stand at 115, which is 15% higher than the national average. This increase suggests that renters and homeowners in Ocean City may face higher expenses for their living spaces. Groceries in Ocean City are priced at 105, which is 5% above the national average. This means that the cost of food items in Ocean City is slightly higher than what one might find in other parts of the country.
Utilities in Ocean City are at 102, which is 2% higher than the nationwide average. This indicates that residents will spend a bit more on essential services like electricity, water, and gas. Transportation costs in Ocean City are at 97, which is 3% below the national average. This suggests that commuting and other transportation-related expenses might be slightly lower than the average American experiences. Healthcare costs in Ocean City are at 98, which is 2% below the national average, offering some relief in this often significant expense. Lastly, miscellaneous costs are at 100, matching the national average, indicating no significant difference in other spending areas.
