Housing costs in Ocean Grove?
A typical home costs
$747,200, which is 121.0% more expensive than the national average of
$338,100 and 72.9% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Ocean Grove costs
$1,370 per month, which is 19.9% cheaper than the national average of
$1,710 and 58.4% cheaper than the state average of
$2,170.
Can I afford Ocean Grove?
To live comfortably in Ocean Grove (zip 07756), New Jersey, a minimum annual income of
$143,280 for a family, and
$43,600 for a single person is recommended.
What does A.I. say about Ocean Grove?
The cost of living in Ocean Grove, NJ (07756) is quite high compared to other areas in the state. Housing prices tend to be higher than average, with the median home price currently sitting at $555,000. Renting could also be more expensive than other locations, with monthly rent ranging from around $1,500 for a studio apartment to upwards of $2,800 for a 3-bedroom house. Other costs such as groceries and utilities are relatively similar to that of nearby towns. Ultimately, you should expect to spend more money if you plan on living in Ocean Grove.