| Index | Asbury Park | New Jersey | National |
| Cost of living | 136 | 125 | 100 |
| Groceries | 105 | 108 | 100 |
| Health care | 112 | 112 | 100 |
| Housing | 195 | 157 | 100 |
| Transportation | 114 | 114 | 100 |
| Utilities | 109 | 111 | 100 |
| Lifestyle & Entertainment | 113 | 113 | 100 |
| Household Items | 107 | 107 | 100 |
| Education & Childcare | 120 | 120 | 100 |
The cost of living in Asbury Park affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Asbury Park is 136, which is 36% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
If you value affordability in your search for a new place to live, Asbury Park may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, Asbury Park falls into this category, which may not align with your desire for an affordable place to call home.
Housing costs are a very significant part of the Asbury Park cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 94.5% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Is Asbury Park an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Asbury Park is 120.4% higher than the national average, while the average monthly rent prices are 34.3% higher than average. The affordability of any location can also be influenced by median income levels. Asbury Park has a median household income of $78,878, which is 3% lower than the national average.
Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.
Housing: Elevated demand for housing within coveted locales has the propensity to escalate both property values and rental rates, thereby serving as a primary catalyst for an augmented cost of living. Conversely, areas witnessing diminished housing demand, particularly within less desirable environs, often experience an inversely proportional effect, leading to price reductions and subsequently contributing to a more modest cost of living. In Asbury Park, the housing index is 94.5% higher than the national average.
Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Asbury Park, the groceries index registers 5.4% higher than the national average.
The Asbury Park cost of living data displayed above uses a U.S. average baseline of 100 to provide a practical way to compare living expenses across cities. Housing estimates incorporate U.S. Census home price and rental data, while all other values are generated using AI-assisted models based on everyday expense expectations, regional pricing trends, climate, transportation patterns, and local economic conditions. These values are designed for directional city-to-city comparisons.
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| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $205,501 | $17,125 | $4,795 | $6,166 |
| Renters | $52,297 | $4,358 | $1,220 | $1,569 |
| State | General Sales Tax | With Max Surtax |
| New Jersey | 6.625% | 12.625% |
| State | Income Tax (Low) | Income Tax (High) |
| New Jersey | 1.4% | 10.75% |
| City | Population | Cost of Living Index | National Avg. |
| Cedar Glen West, NJ | 1,846 | 87 | 13.5% |
| Leisure Village, NJ | 4,863 | 102 | 2.3% |
| Leisure Village West, NJ | 3,853 | 107 | 7.4% |
| Leisure Village East, NJ | 3,893 | 109 | 9.2% |
| Leisure Knoll, NJ | 2,655 | 117 | 17.2% |
| Asbury Park, NJ | 16,068 | 136 | 36.0% |
| City | Population | Cost of Living Index | National Avg. |
| Lakeway, TX | 16,074 | 146 | 46.3% |
| Mastic Beach, NY | 16,076 | 121 | 20.8% |
| Cold Lake, AB | 16,076 | n/a | |
| North Arlington, NJ | 16,080 | 133 | 32.6% |
| Conyers, GA | 16,084 | 97 | 2.7% |
| Asbury Park, NJ | 16,068 | 136 | 36.0% |
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