Atlantic City, NJ

Very Low · 72

New Jersey · Population 38,486 · Updated March 2026

$1,084
Median Rent / Month
$36,220
Median Income
$189,600
Median Home Value
$1,154
Owner Costs / Month

Affordability

How far your income goes in Atlantic City

35.9%
Rent-to-Income Ratio
Burdened
Rent takes more than 35% of median income — considered cost-burdened.

Tax Burden in New Jersey

State-level tax rates that affect your costs

10.75%
Income Tax (Top Rate)
6.625%
Sales Tax
2.23%
Property Tax Rate

Estimated Annual Costs

$13,008
Annual Rent
$3,894
State Income Tax
$4,228
Property Tax (est.)

Cost of Living Overview

Atlantic City is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 72 (where 100 equals the national median), Atlantic City residents can expect to pay median rent of $1,084/month while earning a median household income of $36,220/year.

The median home value in Atlantic City, NJ is $189,600, with typical monthly owner costs around $1,154 including mortgage, insurance, and taxes. The 35.9% rent-to-income ratio indicates significant housing cost burden. Residents spend well over a third of their income on rent alone.

New Jersey's top income tax rate of 10.75% is among the highest in the nation, adding to the overall cost burden. Combined with a 6.625% sales tax rate and 2.23% effective property tax rate, the overall tax environment is a factor in the total cost of living in Atlantic City.

Frequently Asked Questions

Common questions about living costs in Atlantic City

What is the cost of living in Atlantic City, NJ?
The cost of living index in Atlantic City, NJ is 72 (US average = 100). Median monthly rent is $1,084, median household income is $36,220/year, and the median home value is $189,600.
Is Atlantic City, NJ affordable?
Yes, Atlantic City is more affordable than the national average with a cost index of 72. The rent-to-income ratio is 35.9%—above the 30% affordability threshold.
What is the average rent in Atlantic City, NJ?
The median gross rent in Atlantic City, NJ is $1,084 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,008.
What is the median household income in Atlantic City?
The median household income in Atlantic City, NJ is $36,220 per year. This compares to the national median of approximately $80,000.
What are the taxes like in New Jersey?
New Jersey has a top income tax rate of 10.75%, a sales tax of 6.625%, and an effective property tax rate of 2.23%.