| Index | Ventnor City | New Jersey | National |
| Cost of living | 120 | 125 | 100 |
| Groceries | 108 | 108 | 100 |
| Health care | 110 | 112 | 100 |
| Housing | 142 | 157 | 100 |
| Transportation | 114 | 114 | 100 |
| Utilities | 112 | 111 | 100 |
| Lifestyle & Entertainment | 114 | 113 | 100 |
| Household Items | 104 | 107 | 100 |
| Education & Childcare | 119 | 120 | 100 |
Understanding the cost of living in Ventnor City can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Ventnor City cost of living index is 120, which is 20% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
If affordability is among your top priorities when searching for a new place to live, this area may not be the ideal fit, as the cost of living in Ventnor City is among the most expensive in the United States. Just a minority of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Ventnor City falls into this category, which may not align with your goal of finding a budget-friendly living environment.
Housing costs significantly influence the Ventnor City 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 41.7%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.
Is Ventnor City 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 Ventnor City is 45.5% higher than the national average, while the average monthly rent prices are 32.7% higher than average. The affordability of any location can also be influenced by median income levels. Ventnor City has a median household income of $81,871, which is 0.7% higher than the national average.
Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Ventnor City, healthcare costs are 9.6% higher than the national average.
Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Ventnor City, the utilities index stands at 12.3% higher than the national average.
Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Ventnor City, the groceries index is 7.9% higher than the national average.
The Ventnor City 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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| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $109,608 | $9,134 | $2,557 | $3,289 |
| Renters | $60,828 | $5,069 | $1,419 | $1,825 |
| 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. |
| Strathmere, NJ | 60 | 111 | 11.2% |
| Egg Harbor City, NJ | 4,175 | 103 | 3.4% |
| Pleasantville, NJ | 20,927 | 104 | 3.5% |
| Atlantic City, NJ | 38,810 | 104 | 4.2% |
| Pomona, NJ | 7,980 | 107 | 7.5% |
| Ventnor City, NJ | 10,370 | 120 | 20.4% |
| City | Population | Cost of Living Index | National Avg. |
| Fountain Inn, SC | 10,371 | 95 | 4.6% |
| Rideau Lakes, ON | 10,371 | n/a | |
| Le Mars, IA | 10,368 | 94 | 6.3% |
| Chalco, NE | 10,372 | 96 | 4.3% |
| Plymouth, IN | 10,366 | 85 | 15.3% |
| Ventnor City, NJ | 10,370 | 120 | 20.4% |
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