Asbury Park cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexAsbury ParkNew JerseyNational
Cost of living index145131100
IndexAsbury ParkNew JerseyNational
Goods & Services index151118100
Groceries index121116100
Health care index117111100
Housing index160166100
Transportation index138118100
Utilities index133110100
Here we can see a simple outline of the cost of living in Asbury Park, NJ. As you can see, with the average cost of living in Asbury Park, NJ being 145, that puts it 11% higher than the average of New Jersey and 45% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Asbury Park, NJ, the price of goods and services are 28% higher than the average of New Jersey as well as 51% higher than the nation's average.

Did you know?

  • The cost of living in Asbury Park is 11% higher than the New Jersey average.
  • The cost of living in Asbury Park is 45% higher than the national average.
  • The cost of housing in Asbury Park is 60% higher than the national average.
  • New Jersey general sales tax is 37% higher than the national average.
  • New Jersey state income tax is 37% lower than the national average.

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Compare Asbury Park, NJ Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Asbury Park, NJ to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Asbury Park, NJ, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Asbury Park, NJ salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
The affordability of the housing market in Asbury Park, NJ as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Asbury Park, NJ homeowners, the median income is $95,437. This indicates that a monthly maximum of $2,227 should be spent by homeowners on all housing related costs. Renters have a median income of $26,545. This indicates that renters should have a maximum of $619 used for their rent related monthly costs.

New Jersey Sales Tax

StateGeneral Sales TaxWith Max Surtax
New Jersey7%7%

New Jersey Income Tax

StateIncome Tax (Low)Income Tax (High)
New Jersey1.4%8.97%
For those who live in Asbury Park, NJ and want to know what the true cost of living is, they ought to look at both the New Jersey income tax rate and the New Jersey sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In New Jersey, the sales tax is 7%, while the most you'll pay in surtax is 7%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in New Jersey, the income tax rate ranges between 1.4% to 8.97%.

Goods & Services

ItemAsbury ParkNational avg.Difference
Haircut $22.50$14.5954.2%
Beauty Salon $70.55$34.68103.4%
Toothpaste $4.04$2.4763.3%
Shampoo $1.14$1.0211.5%
Movie $13.83$9.8740.1%
Bowling $12.33$4.39180.8%


ItemAsbury ParkNational avg.Difference
Ground Beef $4.46$4.480.4%
Fried Chicken $1.04$1.4629.0%
Milk $1.92$2.3618.5%
Potatoes $4.37$3.0642.7%
Pizza $11.49$9.2424.3%
Beer $13.09$8.6351.6%

Health Care

ItemAsbury ParkNational avg.Difference
Optometrist $103.33$99.783.6%
Doctor $122.50$105.0316.6%
Dentist $117.50$88.7032.5%
Ibuprofen $10.06$9.416.9%
Lipitor $302.11$298.501.2%


ItemAsbury ParkNational avg.Difference
Home Price $314,100.00$175,700.0078.8%
Avg. Mortgage Payment $4,902.79$1,081.03353.5%
Apartment Rent $1,058.00$920.0015.0%


ItemAsbury ParkNational avg.Difference
Gasoline $2.64$2.0926.2%
Tire Balancing $78.00$45.2972.2%


ItemAsbury ParkNational avg.Difference
All Electricity$259.80$170.8052.1%
Phone $30.33$28.267.3%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Cedar Glen West, NJ95583-17%
Leisure Village, NJ4,20198-2%
Leisure Village West, NJ3,2911000%
Leisure Knoll, NJ2,4531066%
Leisure Village East, NJ3,6891099%
Asbury Park, NJ15,93314545%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Clarksburg, MD15,94114343%
Great Bend, KS15,94282-18%
Albemarle, NC15,92491-9%
Grosse Pointe Woods, MI15,9431022%
Waukee, IA15,94496-4%
Asbury Park, NJ15,93314545%
Source: The Asbury Park, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.