Cost of Living in Leisure Village, NJ

Population 6,307 · New Jersey · Data vintage 2023

77
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Household incomes in Leisure Village run well below national norms — a median of $42,705 versus the $74,580 US figure. Housing costs partially offset that gap (typical home values around $127,000). A poverty rate near 39% adds context to the income figures — well above the US average, and worth factoring into any comparison with cities on the coasts or in the Rockies.

Located 45 miles south of Elizabeth, Leisure Village falls within that metro's commuting orbit. Median home values run roughly 68% lower than Elizabeth's $394,000.

Cost Overview

Housing 42
Rent 131

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

About the Cost of Living in Leisure Village

The median home value in Leisure Village is $127,000 — 58% below the national median of $305,000. Median rent runs $1,725/month, 31% higher than the national median of $1,314/month. The median household income of $42,705/year is 43% lower than the US median of $74,580. The local unemployment rate is 5.0%, 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 64.4°F and lows of 44.5°F. Overall, Leisure Village has a cost of living index of 77 versus the US average of 100, meaning it is 23% less expensive.

🏠 Housing

Median Home Value
$127,000
58% below avg
Median Rent
$1,725/mo
31% above avg
Price-to-Rent Ratio
6.1x
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 61.3%
Renter-occupied 38.7%

💰 Estimated Monthly Budget

Rent median rent
$1,725
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,339/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
35.4 min
31% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
16.2%

Commute Mode

Drove alone
53.9%
Carpooled
28.3%
Walked
1.5%
Work from home
16.2%

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
$42,705
43% below avg
Per Capita Income
$24,012
Unemployment Rate
5.0%
5% above avg
Poverty Rate
39.2%
Labor Force Participation
43.1%

🎓 Education

Bachelor's degree+ 15.8%
Graduate degree 8.4%

👥 Demographics

Median Age 54.9
Male median age 54.4
Female median age 57.2

🌤 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 Leisure Village, NJ?

Leisure Village has a cost index of 77 (100 = national average). It is 23% below the national average.

What is average rent in Leisure Village, NJ?

The median gross rent in Leisure Village is $1,725 per month based on 2023 Census data.

What is the average home price in Leisure Village?

The median home value in Leisure Village is $127,000 according to 2023 Census ACS data.

What is the median income in Leisure Village?

The median household income in Leisure Village is $42,705 per year (2023 ACS 5-year estimates).

What is the sales tax in Leisure Village, NJ?

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

Is Leisure Village, NJ affordable?

Yes, Leisure Village is generally considered affordable, with a cost of living index of 77 — about 23% below the US national average of 100.

What is the weather like in Leisure Village?

Leisure Village 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.

Leisure Village at a Glance

Population
6,307
Median Income
$42,705
Home Value
$127,000
Median Rent
$1,725/mo
Unemployment
5.0%
Avg High Temp
64.4°F
Sales Tax
6.6%
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🗺️ County data for New Jersey

Explore county-level cost of living data

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