Cost of Living in Cliffwood Beach, NJ

With a cost of living index of 146, Cliffwood Beach, NJ is one of the most expensive cities in the United States. Living here is 46% more expensive than the national average and 18% above the New Jersey state average of 128. Cliffwood Beach is a small community of 3,044 residents.

Housing costs are the biggest factor in Cliffwood Beach's cost of living. The median monthly rent is $2,598 (97% above the US median of $1,319), and the median home value sits at $340,600 (12% above 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 Cliffwood Beach is $108,854, which is 45% higher than the national median of $75,149. Residents spend roughly 29% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. While incomes are above average, they do not fully offset the higher cost of living.

Everyday prices in the New York-Newark-Jersey City, NY-NJ (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 6 are priced higher 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.