Zip 08514 (Cream Ridge, NJ) Cost of Living


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How much do I need to live in Cream Ridge, New Jersey?
$8,850 / month
for a family, 63.9% more expensive than the national average A total of $106,200 for the year for a family.
$4,000 / month
for a single person, 16.1% less expensive than the national average A total of $48,000 for the year for a single person.

Cream Ridge cost of living score
129.1
More expensive
29.1% higher
than the US average
7.8% higher
than the New Jersey average
Cream Ridge (zip 08514), New Jersey gets a BestPlaces Cost of Living score of 129.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 29.1% higher than the U.S. average and 7.8% lower than the average for New Jersey.

Zip 08514 (Cream Ridge, NJ)

Housing costs in Cream Ridge?
A typical home costs $555,000, which is 64.2% more expensive than the national average of $338,100 and 28.4% more expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Cream Ridge costs $1,500 per month, which is 4.9% more than the national average of $1,430 and 14.0% cheaper than the state average of $1,710.

Can I afford Cream Ridge?
To live comfortably in Cream Ridge (zip 08514), New Jersey, a minimum annual income of $106,200 for a family, and $48,000 for a single person is recommended.

What does A.I. say about Cream Ridge?
Cream Ridge, NJ is a small town located in Monmouth County with a population of about 2,000 people. The cost of living in Cream Ridge is relatively affordable compared to the surrounding areas. According to BestPlaces, the cost of living index in 08514 is 75.03 which means it's 24.97% lower than the US average. Additionally, housing costs in Cream Ridge are also quite low with an average rent for a one-bedroom apartment being around $1,000 per month. The median home value in Cream Ridge is around $350,000 and property taxes are very reasonable at 1.48%. All in all, Cream Ridge offers its residents an overall comfortable lifestyle at a very reasonable cost.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesCream RidgeNew JerseyUnited States
    Unlock119.8100.0
  106.2  Unlock100.0
    Unlock96.9100.0
  178.4  Unlock100.0
    Unlock$432,100$338,100
  105.5  Unlock100.0
    Unlock127.7100.0
  140.5  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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