Housing costs in Ocean Acres?
A typical home costs
$336,600, which is 0.4% less expensive than the national average of
$338,100 and 22.1% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Ocean Acres costs
$1,790 per month, which is 25.2% more than the national average of
$1,430 and 4.5% more than the state average of
$1,710.
Can I afford Ocean Acres?
To live comfortably in Ocean Acres, New Jersey, a minimum annual income of
$64,440 for a family, and
$56,800 for a single person is recommended.
What does A.I. say about Ocean Acres?
Living in Ocean Acres, NJ is quite affordable. The median home value is $235,900, which is more than 11% lower than the rest of New Jersey. The median monthly rent for a one-bedroom apartment is around $1,200 and grocery costs are also relatively low. Furthermore, Ocean Acres has a sales tax rate of 6.625%, which is slightly lower than the national average. All these factors make living in Ocean Acres very budget-friendly and attractive for those looking to save money while still enjoying all the amenities of a bustling city like Atlantic City or Philadelphia.