What is a pro or con of living in Ocean township (Monmouth County), New Jerseycompared to Toms River township, New Jersey?

Median Home Cost is 80% more expensive in Ocean township (Monmouth County).

What is a cost of living index?

A Cost of living index is a number starting at 100(100 = US Average). Higher means the place is more expensive than the US Average and lower than 100 means the place is less expensive than the US Average.

TOMS RIVER TOWNSHIP vs. OCEAN TOWNSHIP (MONMOUTH COUNTY)
Cost of Living Comparison

Toms River township, New Jersey vs. Ocean township (Monmouth County), New Jersey

Q: What salary do I need to live in Ocean township (Monmouth County), New Jersey copmared to Toms River township, New Jersey?

A salary of $50,000 in Toms River township, New Jersey should increase to $61,250 in Ocean township (Monmouth County), New Jersey (assumptions include Homeowner, no Child Care, and Taxes are not considered.

Cost of Living Comparison

The cost of living in Ocean township (Monmouth County), New Jersey is 22.5% more expensive than Toms River township, New Jersey.

You would need a salary of $61,250 in Ocean township (Monmouth County), New Jersey to maintain the standard of living you have in Toms River township, New Jersey.

Comparison highlights

• Overall, Ocean township (Monmouth County), New Jersey is more expensive than Toms River township, New Jersey
• Median Home Cost is the biggest factor in the cost of living difference.

Median Home Cost
80% more expensive in Ocean township (Monmouth County)
than in Toms River township, New Jersey

Toms River Township, NJ vs. Ocean Township (Monmouth County), NJ

Compared to Toms River Township, Ocean Township (Monmouth County) is:

Homeowner

No Child Care, Taxes not Considered

22.5% higher

Child Care, Taxes not Considered

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Child Care, Taxes Considered

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No Child Care, Taxes Considered

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Renter

No Child Care, Taxes not Considered

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Child Care, Taxes not Considered

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Child Care, Taxes Considered

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No Child Care, Taxes Considered

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Food

2.6% higher

Housing (Homeowner)

81.6% higher

Housing (Rent)

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Median Home Cost

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Utilities

2.7% lower

Commute

4.6% lower

Health

0.6% higher

Taxes

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Childcare

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Personal

2.5% higher

Cost of Food

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Toms River township, New Jersey vs. Ocean township (Monmouth County), New Jersey

Cost of Living Comparison

Comparison highlights

Toms River Township, NJ vs. Ocean Township (Monmouth County), NJ

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