Cost of Living in Absecon, NJ

With a cost of living index of 109, Absecon, NJ is somewhat more expensive than average. Living here is 9% more expensive than the national average and 19% below the New Jersey state average of 128. Absecon is a smaller community of 9,099 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Absecon's cost of living. The median monthly rent is $1,814 (38% above the US median of $1,319), and the median home value sits at $237,600 (22% below the national median of $304,900). At current prices, the median home costs roughly 3.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in Absecon is $77,516, which is 3% higher than the national median of $75,149. Residents spend roughly 28% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability.

Climate is another factor for anyone considering a move to Absecon. The area sees an average annual temperature of 55.1°F, with summers averaging 74°F and winters around 36°F. Annual rainfall totals 46 inches spread over roughly 120 days.

Everyday prices in the Atlantic City-Hammonton, NJ (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 5 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.