Cost of Living in Wildwood, NJ

Population 5,140 · New Jersey · Data vintage 2023

109
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Wildwood sits on the smaller end of the New Jersey city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. At 9.2%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Wildwood is about 75 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 55% higher than Philadelphia's $232,000.

Cost Overview

Housing 118
Rent 96

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

About the Cost of Living in Wildwood

The median home value in Wildwood is $361,200 — 18% above the national median of $305,000. Median rent runs $1,255/month, 4% lower than the national median of $1,314/month. The median household income of $51,996/year is 30% lower than the US median of $74,580. The local unemployment rate is 9.2%, 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%. Overall, Wildwood has a cost of living index of 109 versus the US average of 100, meaning it is 9% more expensive.

🏠 Housing

Median Home Value
$361,200
18% above avg
Zillow Home Value
$616,760
Zillow ZHVI
Median Rent
$1,255/mo
4% below avg
Price-to-Rent Ratio
24.0x
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 37.3%
Renter-occupied 62.7%

💰 Estimated Monthly Budget

Rent median rent
$1,255
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,869/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
23.8 min
12% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
8.0%

Commute Mode

Drove alone
50.9%
Carpooled
9.0%
Public transit
2.1%
Walked
23.4%
Bicycle
0.4%
Work from home
8.0%

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
$51,996
30% below avg
Per Capita Income
$40,173
Unemployment Rate
9.2%
91% above avg
Poverty Rate
18.1%
Labor Force Participation
61.1%

🎓 Education

Bachelor's degree+ 9.3%
Graduate degree 5.7%

👥 Demographics

Median Age 47.7
Male median age 47.6
Female median age 47.7

🏫 Schools

NCES CCD 2019 — public school district data

72%
4-Year Graduation Rate
10.2:1
Student-teacher ratio
3
Public schools
938
Total enrollment

Frequently Asked Questions

What is the cost of living in Wildwood, NJ?

Wildwood has a cost index of 109 (100 = national average). It is 9% above the national average.

What is average rent in Wildwood, NJ?

The median gross rent in Wildwood is $1,255 per month based on 2023 Census data.

What is the average home price in Wildwood?

The median home value in Wildwood is $361,200 according to Zillow and Census data.

What is the median income in Wildwood?

The median household income in Wildwood is $51,996 per year (2023 ACS 5-year estimates).

What is the sales tax in Wildwood, NJ?

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

Is Wildwood, NJ affordable?

Wildwood is near the national average in terms of cost of living, with an index of 109 (100 = US average).