Cost of Living in Oceanport, NJ

Population 6,130 · New Jersey · Data vintage 2023

175
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Home prices in Oceanport run well above the national baseline, with a median of $686,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $156,196 place the city among the better-paid New Jersey metros.

Located 25 miles south of New York, Oceanport falls within that metro's commuting orbit. Median home values run roughly 9% lower than New York's $752,000.

Cost Overview

Housing 225
Rent 100

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

About the Cost of Living in Oceanport

The median home value in Oceanport is $685,800 — 125% above the national median of $305,000. Median rent runs $1,310/month, equal to than the national median of $1,314/month. The median household income of $156,196/year is 109% higher 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 61.6°F and lows of 47.0°F, with about 25.9" of annual snowfall. Overall, Oceanport has a cost of living index of 175 versus the US average of 100, meaning it is 75% more expensive.

🏠 Housing

Median Home Value
$685,800
125% above avg
Zillow Home Value
$646,747
Zillow ZHVI
Median Rent
$1,310/mo
0% below avg
Price-to-Rent Ratio
43.6x
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 93.5%
Renter-occupied 6.5%

💰 Estimated Monthly Budget

Rent median rent
$1,310
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,924/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
36.2 min
34% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
9.4%

Commute Mode

Drove alone
68.8%
Carpooled
12.4%
Public transit
8.0%
Walked
0.7%
Work from home
9.4%

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
$156,196
109% above avg
Per Capita Income
$73,874
Unemployment Rate
5.0%
3% above avg
Poverty Rate
2.9%
Labor Force Participation
61.2%

🎓 Education

Bachelor's degree+ 31.9%
Graduate degree 19.7%

👥 Demographics

Median Age 48.3
Male median age 47.8
Female median age 51

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
61.6°F
Avg Low
47.0°F
Annual Precip
43.3"
Annual Snowfall
25.9"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 404249596878848276655445
Low °F 262734435362696861504032
Precip" 3.232.763.943.553.663.853.864.113.583.723.073.96
Snow" 7.58.64.30.60.00.00.00.00.00.00.44.5

💨 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 Oceanport, NJ?

Oceanport has a cost index of 175 (100 = national average). It is 75% above the national average.

What is average rent in Oceanport, NJ?

The median gross rent in Oceanport is $1,310 per month based on 2023 Census data.

What is the average home price in Oceanport?

The median home value in Oceanport is $685,800 according to Zillow and Census data.

What is the median income in Oceanport?

The median household income in Oceanport is $156,196 per year (2023 ACS 5-year estimates).

What is the sales tax in Oceanport, NJ?

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

Is Oceanport, NJ affordable?

Oceanport is above average in cost of living, with an index of 175 — about 75% higher than the national average.

What is the weather like in Oceanport?

Oceanport has average high temperatures of 61.6°F and average lows of 47.0°F. Annual precipitation is 43.3". Average annual snowfall is 25.9". Data from NOAA 1991–2020 Climate Normals.

Oceanport at a Glance

Population
6,130
Median Income
$156,196
Home Value
$685,800
Median Rent
$1,310/mo
Unemployment
5.0%
Avg High Temp
61.6°F
Sales Tax
6.6%
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