Cost of Living in Ventnor City, NJ

Population 9,220 · New Jersey · Data vintage 2023

113
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 Ventnor City is 56 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. Unemployment has stayed elevated relative to the national figure — 7.7% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Geographically, Ventnor City is about 60 miles southeast of Philadelphia, the nearest large metro. Median home values run roughly 49% higher than Philadelphia's $232,000.

Cost Overview

Housing 113
Rent 112

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

About the Cost of Living in Ventnor City

The median home value in Ventnor City is $345,300 — 13% above the national median of $305,000. Median rent runs $1,477/month, 12% higher than the national median of $1,314/month. The median household income of $74,619/year is equal to than the US median of $74,580. The local unemployment rate is 7.7%, 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 60.9°F and lows of 50.1°F. Overall, Ventnor City has a cost of living index of 113 versus the US average of 100, meaning it is 13% more expensive.

🏠 Housing

Median Home Value
$345,300
13% above avg
Zillow Home Value
$625,790
Zillow ZHVI
Median Rent
$1,477/mo
12% above avg
Zillow Rent
$7,833/mo
Zillow ZORI
Price-to-Rent Ratio
19.5x
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 62.2%
Renter-occupied 37.8%

💰 Estimated Monthly Budget

Rent median rent
$1,477
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,091/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
25.3 min
6% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
11.7%

Commute Mode

Drove alone
68.2%
Carpooled
8.8%
Public transit
8.4%
Walked
1.6%
Bicycle
0.8%
Work from home
11.7%

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
$74,619
0% below avg
Per Capita Income
$55,386
Unemployment Rate
7.7%
59% above avg
Poverty Rate
10.3%
Labor Force Participation
56.3%

🎓 Education

Bachelor's degree+ 21.9%
Graduate degree 15.9%

👥 Demographics

Median Age 56.1
Male median age 52.6
Female median age 57.4

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
60.9°F
Avg Low
50.1°F
Annual Precip
43.6"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 424348576675807974655547
Low °F 303137465565717065544335
Precip" 3.093.274.273.363.103.233.754.133.564.253.444.17

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 38 — Good
74%
Good air days/yr
265
Max AQI recorded
223
PM2.5 days
142
Ozone days

Frequently Asked Questions

What is the cost of living in Ventnor City, NJ?

Ventnor City has a cost index of 113 (100 = national average). It is 13% above the national average.

What is average rent in Ventnor City, NJ?

The median gross rent in Ventnor City is $1,477 per month based on 2023 Census data.

What is the average home price in Ventnor City?

The median home value in Ventnor City is $345,300 according to Zillow and Census data.

What is the median income in Ventnor City?

The median household income in Ventnor City is $74,619 per year (2023 ACS 5-year estimates).

What is the sales tax in Ventnor City, NJ?

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

Is Ventnor City, NJ affordable?

Ventnor City is above average in cost of living, with an index of 113 — about 13% higher than the national average.

What is the weather like in Ventnor City?

Ventnor City has average high temperatures of 60.9°F and average lows of 50.1°F. Annual precipitation is 43.6". Data from NOAA 1991–2020 Climate Normals.

Ventnor City at a Glance

Population
9,220
Median Income
$74,619
Home Value
$345,300
Median Rent
$1,477/mo
Unemployment
7.7%
Avg High Temp
60.9°F
Sales Tax
6.6%
View all cities in New Jersey →
🗺️ County data for New Jersey

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs