Great Notch, NJ vs Ocean City, NJ

Great Notch, NJ and Ocean City, NJ have a very similar cost of living, with only a 2.6% difference in their overall index. Great Notch scores 140 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 Great Notch is $1,826/month compared to $1,670/month in Ocean City — a 9% difference. Interestingly, home values tell a different story: while Ocean City has cheaper rent, Great Notch actually has lower median home values ($556,300 vs $719,100).

Median household income in Great Notch is $151,705 compared to $101,782 in Ocean City (+49%). Great Notch offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Great Notch spend roughly 14.4% of their income on rent, less than the 19.7% in Ocean City.