Cost of Living in Holiday City South, NJ

With a cost of living index of 119, Holiday City South, NJ is a notably expensive place to live. Living here is 19% more expensive than the national average and 9% below the New Jersey state average of 128. Holiday City South is a small community of 4,294 residents.

Housing costs are the biggest factor in Holiday City South's cost of living. The median monthly rent is $1,964 (49% above the US median of $1,319), and the median home value sits at $244,300 (20% below the national median of $304,900). At current prices, the median home costs roughly 4.4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Holiday City South is $55,298, which is 26% lower than the national median of $75,149. Residents spend roughly 43% of household income on rent. This is well above the 30% affordability threshold, indicating a significant housing cost burden for many residents.

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.