Cost of Living in Laurence Harbor, NJ

Population 6,130 · New Jersey · Data vintage 2023

110
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Laurence Harbor sits on the smaller end of the New Jersey city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. At 10.0%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Laurence Harbor sits roughly 15 miles south of Elizabeth — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 17% lower than Elizabeth's $394,000.

Cost Overview

Housing 108
Rent 113

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

About the Cost of Living in Laurence Harbor

The median home value in Laurence Harbor is $327,900 — 8% above the national median of $305,000. Median rent runs $1,480/month, 13% higher than the national median of $1,314/month. The median household income of $89,500/year is 20% higher than the US median of $74,580. The local unemployment rate is 10.0%, 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 63.8°F and lows of 47.1°F, with about 31.5" of annual snowfall. Overall, Laurence Harbor has a cost of living index of 110 versus the US average of 100, meaning it is 10% more expensive.

🏠 Housing

Median Home Value
$327,900
8% above avg
Median Rent
$1,480/mo
13% above avg
Price-to-Rent Ratio
18.5x
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 86.0%
Renter-occupied 14.0%

💰 Estimated Monthly Budget

Rent median rent
$1,480
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,094/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
40.7 min
51% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
13.9%

Commute Mode

Drove alone
75.3%
Carpooled
7.3%
Public transit
3.4%
Work from home
13.9%

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
$89,500
20% above avg
Per Capita Income
$48,939
Unemployment Rate
10.0%
108% above avg
Poverty Rate
9.0%
Labor Force Participation
61.3%

🎓 Education

Bachelor's degree+ 19.7%
Graduate degree 13.9%

👥 Demographics

Median Age 46.1
Male median age 44.3
Female median age 46.4

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
63.8°F
Avg Low
47.1°F
Annual Precip
46.6"
Annual Snowfall
31.5"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 404351637382878578665545
Low °F 262734445464696861493931
Precip" 3.422.984.133.873.974.344.664.153.823.793.334.14
Snow" 9.110.15.60.50.00.00.00.00.00.20.65.4

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 44 — Good
62.7%
Good air days/yr
247
Max AQI recorded
194
PM2.5 days
160
Ozone days

Frequently Asked Questions

What is the cost of living in Laurence Harbor, NJ?

Laurence Harbor has a cost index of 110 (100 = national average). It is 10% above the national average.

What is average rent in Laurence Harbor, NJ?

The median gross rent in Laurence Harbor is $1,480 per month based on 2023 Census data.

What is the average home price in Laurence Harbor?

The median home value in Laurence Harbor is $327,900 according to 2023 Census ACS data.

What is the median income in Laurence Harbor?

The median household income in Laurence Harbor is $89,500 per year (2023 ACS 5-year estimates).

What is the sales tax in Laurence Harbor, NJ?

The combined state and local sales tax rate in Laurence Harbor is 6.6%. The New Jersey state income tax top rate is 10.8%.

Is Laurence Harbor, NJ affordable?

Laurence Harbor is near the national average in terms of cost of living, with an index of 110 (100 = US average).

What is the weather like in Laurence Harbor?

Laurence Harbor has average high temperatures of 63.8°F and average lows of 47.1°F. Annual precipitation is 46.6". Average annual snowfall is 31.5". Data from NOAA 1991–2020 Climate Normals.

Laurence Harbor at a Glance

Population
6,130
Median Income
$89,500
Home Value
$327,900
Median Rent
$1,480/mo
Unemployment
10.0%
Avg High Temp
63.8°F
Sales Tax
6.6%
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