Asbury Park, NJ vs Bargaintown, NJ
Asbury Park, NJ and Bargaintown, NJ have a very similar cost of living, with only a 1.5% difference in their overall index. Asbury Park scores 132 while Bargaintown scores 130 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.
On the housing front, median rent in Asbury Park is $1,679/month compared to $2,320/month in Bargaintown — a 28% difference. Interestingly, home values tell a different story: while Asbury Park has cheaper rent, Bargaintown actually has lower median home values ($307,100 vs $508,800).
Median household income in Asbury Park is $71,080 compared to $127,734 in Bargaintown (-44.4%). Bargaintown offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Asbury Park spend roughly 28.3% of their income on rent, more than the 21.8% in Bargaintown.
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