Housing costs in Ocean Gate?
A typical home costs
$342,400, which is 1.3% more expensive than the national average of
$338,100 and 20.8% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Ocean Gate costs
$1,790 per month, which is 4.7% more than the national average of
$1,710 and 21.2% cheaper than the state average of
$2,170.
Can I afford Ocean Gate?
To live comfortably in Ocean Gate (zip 08740), New Jersey, a minimum annual income of
$65,520 for a family, and
$57,200 for a single person is recommended.
What does A.I. say about Ocean Gate?
The cost of living in 08740 Ocean Gate, NJ is relatively moderate. According to BestPlaces, the overall cost of living index in the area is 109.68, which is slightly higher than the national average. Rent prices are also quite reasonable; one-bedroom apartments can be found for an average of $1,250 per month while three-bedroom apartments rent for an average of $1,550 a month. The price of goods and services in the area is also slightly higher than the national average. Groceries and restaurant meals are more expensive than in other areas but still affordable. Public transportation costs are also very reasonable and there are plenty of options available to get around town quickly and easily.