Cost of Living in North Wildwood, NJ

Population 3,620 · New Jersey · Data vintage 2023

125
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

With a median age of 63, North Wildwood functions largely as a retirement market. Housing costs — $446,000 for a typical home — anchor most household budgets, and the state's treatment of pension income tends to matter more than wage-driven tax comparisons.

North Wildwood is about 70 miles south of Philadelphia, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 92% higher than Philadelphia's $232,000.

Cost Overview

Housing 146
Rent 93

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

About the Cost of Living in North Wildwood

The median home value in North Wildwood is $446,400 — 46% above the national median of $305,000. Median rent runs $1,228/month, 7% lower than the national median of $1,314/month. The median household income of $85,812/year is 15% 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%. Overall, North Wildwood has a cost of living index of 125 versus the US average of 100, meaning it is 25% more expensive.

🏠 Housing

Median Home Value
$446,400
46% above avg
Median Rent
$1,228/mo
7% below avg
Price-to-Rent Ratio
30.3x
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 77.2%
Renter-occupied 22.8%

💰 Estimated Monthly Budget

Rent median rent
$1,228
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,842/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
43.2 min
60% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
7.9%

Commute Mode

Drove alone
75.9%
Carpooled
9.2%
Public transit
1.6%
Walked
3.4%
Bicycle
0.3%
Work from home
7.9%

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
$85,812
15% above avg
Per Capita Income
$69,828
Unemployment Rate
3.1%
36% below avg
Poverty Rate
9.9%
Labor Force Participation
42.6%

🎓 Education

Bachelor's degree+ 13.9%
Graduate degree 16.2%

👥 Demographics

Median Age 63
Male median age 62.9
Female median age 63.1

Frequently Asked Questions

What is the cost of living in North Wildwood, NJ?

North Wildwood has a cost index of 125 (100 = national average). It is 25% above the national average.

What is average rent in North Wildwood, NJ?

The median gross rent in North Wildwood is $1,228 per month based on 2023 Census data.

What is the average home price in North Wildwood?

The median home value in North Wildwood is $446,400 according to 2023 Census ACS data.

What is the median income in North Wildwood?

The median household income in North Wildwood is $85,812 per year (2023 ACS 5-year estimates).

What is the sales tax in North Wildwood, NJ?

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

Is North Wildwood, NJ affordable?

North Wildwood is above average in cost of living, with an index of 125 — about 25% higher than the national average.

North Wildwood at a Glance

Population
3,620
Median Income
$85,812
Home Value
$446,400
Median Rent
$1,228/mo
Unemployment
3.1%
Sales Tax
6.6%
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Explore county-level cost of living data

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