Cost of Living in Lincroft, NJ

Population 6,901 · New Jersey · Data vintage 2023

167
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Home prices in Lincroft run well above the national baseline, with a median of $719,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $168,945 place the city among the better-paid New Jersey metros. Unemployment has stayed elevated relative to the national figure — 7.4% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Located 25 miles south of Elizabeth, Lincroft falls within that metro's commuting orbit. Median home values run roughly 83% higher than Elizabeth's $394,000.

Cost Overview

Housing 236
Rent 64

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

About the Cost of Living in Lincroft

The median home value in Lincroft is $719,000 — 136% above the national median of $305,000. Median rent runs $843/month, 36% lower than the national median of $1,314/month. The median household income of $168,945/year is 127% higher than the US median of $74,580. The local unemployment rate is 7.4%, 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, Lincroft has a cost of living index of 167 versus the US average of 100, meaning it is 67% more expensive.

🏠 Housing

Median Home Value
$719,000
136% above avg
Zillow Home Value
$188,871
Zillow ZHVI
Median Rent
$843/mo
36% below avg
Price-to-Rent Ratio
71.1x
Favors renting
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 88.3%
Renter-occupied 11.7%

💰 Estimated Monthly Budget

Rent median rent
$843
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,457/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
42.7 min
58% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
20.5%

Commute Mode

Drove alone
64.6%
Carpooled
4.1%
Public transit
7.3%
Walked
0.7%
Work from home
20.5%

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
$168,945
127% above avg
Per Capita Income
$78,874
Unemployment Rate
7.4%
54% above avg
Poverty Rate
2.2%
Labor Force Participation
61.5%

🎓 Education

Bachelor's degree+ 39.2%
Graduate degree 23.1%

👥 Demographics

Median Age 43.4
Male median age 42.5
Female median age 43.9

🌤 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 39 — Good
85%
Good air days/yr
140
Max AQI recorded
0
PM2.5 days
247
Ozone days

Frequently Asked Questions

What is the cost of living in Lincroft, NJ?

Lincroft has a cost index of 167 (100 = national average). It is 67% above the national average.

What is average rent in Lincroft, NJ?

The median gross rent in Lincroft is $843 per month based on 2023 Census data.

What is the average home price in Lincroft?

The median home value in Lincroft is $719,000 according to Zillow and Census data.

What is the median income in Lincroft?

The median household income in Lincroft is $168,945 per year (2023 ACS 5-year estimates).

What is the sales tax in Lincroft, NJ?

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

Is Lincroft, NJ affordable?

Lincroft is above average in cost of living, with an index of 167 — about 67% higher than the national average.

What is the weather like in Lincroft?

Lincroft 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.

Lincroft at a Glance

Population
6,901
Median Income
$168,945
Home Value
$719,000
Median Rent
$843/mo
Unemployment
7.4%
Avg High Temp
63.8°F
Sales Tax
6.6%
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