Cost of Living in Little Silver, NJ
Population 6,096 · New Jersey · Data vintage 2023
(100 = US avg)
Little Silver's housing market reflects its status as a high-earning metro: $871,000 for a typical home, 185% above the US median, paired with household incomes around $220,746 that put it in the upper third of the state.
Located 25 miles south of New York, Little Silver falls within that metro's commuting orbit. Median home values run roughly 16% higher than New York's $752,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Little Silver
The median home value in Little Silver is $870,700 — 185% above the national median of $305,000. Median rent runs $3,501/month, 166% higher than the national median of $1,314/month. The median household income of $220,746/year is 196% higher than the US median of $74,580. The local unemployment rate is 3.1%, below 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, Little Silver has a cost of living index of 278 versus the US average of 100, meaning it is 178% more expensive.
Little Silver has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 40 | 43 | 51 | 63 | 73 | 82 | 87 | 85 | 78 | 66 | 55 | 45 |
| Low °F | 26 | 27 | 34 | 44 | 54 | 64 | 69 | 68 | 61 | 49 | 39 | 31 |
| Precip" | 3.42 | 2.98 | 4.13 | 3.87 | 3.97 | 4.34 | 4.66 | 4.15 | 3.82 | 3.79 | 3.33 | 4.14 |
| Snow" | 9.1 | 10.1 | 5.6 | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | 0.6 | 5.4 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Little Silver, NJ?
Little Silver has a cost index of 278 (100 = national average). It is 178% above the national average.
What is average rent in Little Silver, NJ?
The median gross rent in Little Silver is $3,501 per month based on 2023 Census data.
What is the average home price in Little Silver?
The median home value in Little Silver is $870,700 according to Zillow and Census data.
What is the median income in Little Silver?
The median household income in Little Silver is $220,746 per year (2023 ACS 5-year estimates).
What is the sales tax in Little Silver, NJ?
The combined state and local sales tax rate in Little Silver is 6.6%. The New Jersey state income tax top rate is 10.8%.
Is Little Silver, NJ affordable?
Little Silver is above average in cost of living, with an index of 278 — about 178% higher than the national average.
What is the weather like in Little Silver?
Little Silver 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.
Little Silver at a Glance
- Population
- 6,096
- Median Income
- $220,746
- Home Value
- $870,700
- Median Rent
- $3,501/mo
- Unemployment
- 3.1%
- Avg High Temp
- 63.8°F
- Sales Tax
- 6.6%
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