Ocean Acres, NJ

Very High · 138

New Jersey · Population 18,689 · Updated March 2026

$2,240
Median Rent / Month
$117,739
Median Income
$359,200
Median Home Value
$1,993
Owner Costs / Month

Affordability

How far your income goes in Ocean Acres

22.8%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

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

$26,880
Annual Rent
$12,657
State Income Tax
$8,010
Property Tax (est.)

Cost of Living Overview

Ocean Acres has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 138 (where 100 equals the national median), Ocean Acres residents can expect to pay median rent of $2,240/month while earning a median household income of $117,739/year.

The median home value in Ocean Acres, NJ is $359,200, with typical monthly owner costs around $1,993 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.8% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

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 Ocean Acres.

Frequently Asked Questions

Common questions about living costs in Ocean Acres

What is the cost of living in Ocean Acres, NJ?
The cost of living index in Ocean Acres, NJ is 138 (US average = 100). Median monthly rent is $2,240, median household income is $117,739/year, and the median home value is $359,200.
Is Ocean Acres, NJ affordable?
No, Ocean Acres is more expensive than the national average with a cost index of 138. The rent-to-income ratio is 22.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Ocean Acres, NJ?
The median gross rent in Ocean Acres, NJ is $2,240 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $26,880.
What is the median household income in Ocean Acres?
The median household income in Ocean Acres, NJ is $117,739 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%.