Cost of Living in Mystic Island, NJ

Population 7,616 · New Jersey · Data vintage 2023

111
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The median resident in Mystic Island is 57 years old, well past the national midpoint, giving the city the retail and service mix of a retirement-dominant market. Household-income figures here read differently than in working-age cities: retirement and investment income weigh heavily in the totals.

Geographically, Mystic Island is about 50 miles southeast of Philadelphia, the nearest large metro. Median home values run roughly 25% higher than Philadelphia's $232,000.

Cost Overview

Housing 95
Rent 136

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

About the Cost of Living in Mystic Island

The median home value in Mystic Island is $290,000 — 5% below the national median of $305,000. Median rent runs $1,786/month, 36% higher than the national median of $1,314/month. The median household income of $71,917/year is 4% lower than the US median of $74,580. The local unemployment rate is 4.2%, 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 65.1°F and lows of 45.1°F, with about 17.4" of annual snowfall. Overall, Mystic Island has a cost of living index of 111 versus the US average of 100, meaning it is 11% more expensive.

🏠 Housing

Median Home Value
$290,000
5% below avg
Median Rent
$1,786/mo
36% above avg
Price-to-Rent Ratio
13.5x
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 89.5%
Renter-occupied 10.5%

💰 Estimated Monthly Budget

Rent median rent
$1,786
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,400/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
42.1 min
56% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
8.4%

Commute Mode

Drove alone
81.8%
Carpooled
6.2%
Public transit
3.6%
Work from home
8.4%

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
$71,917
4% below avg
Per Capita Income
$44,525
Unemployment Rate
4.2%
13% below avg
Poverty Rate
16.4%
Labor Force Participation
52.4%

🎓 Education

Bachelor's degree+ 16.1%
Graduate degree 8.3%

👥 Demographics

Median Age 56.8
Male median age 55.9
Female median age 57.5

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
65.1°F
Avg Low
45.1°F
Annual Precip
46"
Annual Snowfall
17.4"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 434653637382878579685748
Low °F 252633425161676558463729
Precip" 3.383.234.523.323.343.584.474.593.554.143.374.47
Snow" 5.75.92.20.30.00.00.00.00.00.00.13.2

💨 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 Mystic Island, NJ?

Mystic Island has a cost index of 111 (100 = national average). It is 11% above the national average.

What is average rent in Mystic Island, NJ?

The median gross rent in Mystic Island is $1,786 per month based on 2023 Census data.

What is the average home price in Mystic Island?

The median home value in Mystic Island is $290,000 according to 2023 Census ACS data.

What is the median income in Mystic Island?

The median household income in Mystic Island is $71,917 per year (2023 ACS 5-year estimates).

What is the sales tax in Mystic Island, NJ?

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

Is Mystic Island, NJ affordable?

Mystic Island is above average in cost of living, with an index of 111 — about 11% higher than the national average.

What is the weather like in Mystic Island?

Mystic Island has average high temperatures of 65.1°F and average lows of 45.1°F. Annual precipitation is 46". Average annual snowfall is 17.4". Data from NOAA 1991–2020 Climate Normals.

Mystic Island at a Glance

Population
7,616
Median Income
$71,917
Home Value
$290,000
Median Rent
$1,786/mo
Unemployment
4.2%
Avg High Temp
65.1°F
Sales Tax
6.6%
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