Englewood, NJ vs Ocean City, NJ

Englewood, NJ and Ocean City, NJ have a very similar cost of living, with only a 3.9% difference in their overall index. Englewood scores 139 while Ocean City scores 144 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 Englewood is $1,925/month compared to $1,670/month in Ocean City — a 15% difference. Interestingly, home values tell a different story: while Ocean City has cheaper rent, Englewood actually has lower median home values ($497,500 vs $719,100).

Median household income in Englewood is $101,398 compared to $101,782 in Ocean City (-0.4%). Ocean City does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Englewood spend roughly 22.8% of their income on rent, more than the 19.7% in Ocean City.