Cost of Living in Holiday City-Berkeley, NJ

Population 12,896 · New Jersey · Data vintage 2023

95
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Holiday City-Berkeley skews considerably older than the national median, with an average age of 70. Reported household income of $47,855 often reflects pension and investment income rather than wages, which makes the local tax picture — especially property tax treatment — a larger factor than in working-age cities. At 8.5%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Located 45 miles east of Philadelphia, Holiday City-Berkeley falls within that metro's commuting orbit. Housing prices track closely with Philadelphia's $232,000 median.

Cost Overview

Housing 78
Rent 121

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Holiday City-Berkeley

The median home value in Holiday City-Berkeley is $237,200 — 22% below the national median of $305,000. Median rent runs $1,584/month, 21% higher than the national median of $1,314/month. The median household income of $47,855/year is 36% lower than the US median of $74,580. The local unemployment rate is 8.5%, above the national average of 4.8%. New Jersey's top state income tax rate is 10.8% and the combined sales tax is 6.6%. The climate averages highs of 64.4°F and lows of 44.5°F. Overall, Holiday City-Berkeley has a cost of living index of 95 versus the US average of 100, meaning it is 5% less expensive.

🏠 Housing

Median Home Value
$237,200
22% below avg
Median Rent
$1,584/mo
21% above avg
Price-to-Rent Ratio
12.5x
Favors buying
Property Tax Rate
2.5%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,474
1 BR
$1,654
2 BR
$2,040
3 BR
$2,550
4 BR
$2,885
Owner-occupied 89.4%
Renter-occupied 10.6%

💰 Estimated Monthly Budget

Rent median rent
$1,584
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,198/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
35.0 min
30% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
12.4%

Commute Mode

Drove alone
83.6%
Carpooled
2.7%
Walked
0.9%
Bicycle
0.4%
Work from home
12.4%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 10.8%
Total Sales Tax 6.6%
State rate 6.6%
Avg local rate -0.0%
Property Tax 2.5%

💼 Income & Employment

Median Household Income
$47,855
36% below avg
Per Capita Income
$38,300
Unemployment Rate
8.5%
77% above avg
Poverty Rate
8.4%
Labor Force Participation
28.5%

🎓 Education

Bachelor's degree+ 13.5%
Graduate degree 4.7%

👥 Demographics

Median Age 70
Male median age 68.3
Female median age 71.5

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
64.4°F
Avg Low
44.5°F
Annual Precip
42.8"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 414452647382878578665646
Low °F 252633425161666457463629
Precip" 2.972.573.833.372.953.735.194.403.393.672.983.74

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 42 — Good
71.5%
Good air days/yr
248
Max AQI recorded
200
PM2.5 days
165
Ozone days

Frequently Asked Questions

What is the cost of living in Holiday City-Berkeley, NJ?

Holiday City-Berkeley has a cost index of 95 (100 = national average). It is 5% below the national average.

What is average rent in Holiday City-Berkeley, NJ?

The median gross rent in Holiday City-Berkeley is $1,584 per month based on 2023 Census data.

What is the average home price in Holiday City-Berkeley?

The median home value in Holiday City-Berkeley is $237,200 according to 2023 Census ACS data.

What is the median income in Holiday City-Berkeley?

The median household income in Holiday City-Berkeley is $47,855 per year (2023 ACS 5-year estimates).

What is the sales tax in Holiday City-Berkeley, NJ?

The combined state and local sales tax rate in Holiday City-Berkeley is 6.6%. The New Jersey state income tax top rate is 10.8%.

Is Holiday City-Berkeley, NJ affordable?

Holiday City-Berkeley is near the national average in terms of cost of living, with an index of 95 (100 = US average).

What is the weather like in Holiday City-Berkeley?

Holiday City-Berkeley has average high temperatures of 64.4°F and average lows of 44.5°F. Annual precipitation is 42.8". Data from NOAA 1991–2020 Climate Normals.

Holiday City-Berkeley at a Glance

Population
12,896
Median Income
$47,855
Home Value
$237,200
Median Rent
$1,584/mo
Unemployment
8.5%
Avg High Temp
64.4°F
Sales Tax
6.6%
View all cities in New Jersey →
🗺️ County data for New Jersey

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs