| Index | Point Pleasant | New Jersey | National |
| Cost of living | 140 | 125 | 100 |
| Groceries | 106 | 108 | 100 |
| Health care | 113 | 112 | 100 |
| Housing | 204 | 157 | 100 |
| Transportation | 116 | 114 | 100 |
| Utilities | 115 | 111 | 100 |
| Lifestyle & Entertainment | 114 | 113 | 100 |
| Household Items | 106 | 107 | 100 |
| Education & Childcare | 125 | 120 | 100 |
The cost of living in Point Pleasant 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 Point Pleasant is 140, which is 40% 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're in pursuit of an economical living environment, Point Pleasant may not fit the bill, as it ranks among the most expensive places to reside in the United States. Just a minority of regions exhibit a cost of living that is more than 20% higher than the national average, and, unfortunately, Point Pleasant falls within this bracket.
Housing costs significantly influence the Point Pleasant cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 104.4%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.
Wondering if Point Pleasant is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Point Pleasant, for example, the median home price is 115.6% higher than what folks pay nationally, and monthly rent is 78.5% higher than the usual rates. Plus, income levels matter too, with Point Pleasant boasting a median household income of $149,069, which is 83.3% higher than the national average.
Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.
Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Point Pleasant, the transportation index is 15.5% higher than the national average.
Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Point Pleasant, the general sales tax rate starts at 6.625%, and income tax rates begin at 1.4%.
The Point Pleasant cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
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| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $160,115 | $13,343 | $3,736 | $4,804 |
| Renters | $108,343 | $9,029 | $2,528 | $3,251 |
| 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% |
| Crestwood Village, NJ | 8,315 | 96 | 4.2% |
| Pine Ridge at Crestwood, NJ | 2,669 | 102 | 1.7% |
| Leisure Village, NJ | 4,863 | 102 | 2.3% |
| Leisure Village West, NJ | 3,853 | 107 | 7.4% |
| Point Pleasant, NJ | 19,373 | 140 | 40.2% |
| City | Population | Cost of Living Index | National Avg. |
| Wallingford Center, CT | 19,374 | 115 | 15.4% |
| Cimarron Hills, CO | 19,384 | 113 | 13.1% |
| Lexington, NC | 19,386 | 89 | 11.3% |
| Willimantic, CT | 19,354 | 101 | 1.0% |
| Alsip, IL | 19,392 | 99 | 1.2% |
| Point Pleasant, NJ | 19,373 | 140 | 40.2% |
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