Cost of Living in Leisure Village, NJ

With a cost of living index of 102, Leisure Village, NJ is somewhat more expensive than average. Living here is 2% more expensive than the national average and 26% below the New Jersey state average of 128. Leisure Village is a smaller community of 6,307 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Leisure Village's cost of living. The median monthly rent is $1,725 (31% above the US median of $1,319), and the median home value sits at $127,000 (58% below the national median of $304,900). At current prices, the median home costs roughly 3x the median household income — well within traditional affordability guidelines.

The median household income in Leisure Village is $42,705, which is 43% lower than the national median of $75,149. Residents spend roughly 48% 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.