Cost of Living in Avalon, NJ

With a cost of living index of 228, Avalon, NJ is one of the most expensive cities in the United States. Living here is 128% more expensive than the national average and 100% above the New Jersey state average of 128. Avalon is a small community of 1,478 residents.

Housing costs are the biggest factor in Avalon's cost of living. The median monthly rent is $1,615 (22% above the US median of $1,319), and the median home value sits at $1,756,100 (476% above the national median of $304,900). At current prices, the median home costs roughly 12.2x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Avalon is $143,482, which is 91% higher than the national median of $75,149. Residents spend roughly 14% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they do not fully offset the higher cost of living.

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.