Cost of Living in Leisure Village East, NJ

With a cost of living index of 94, Leisure Village East, NJ is slightly more affordable than average. Living here is 6% cheaper than the national average and 33% below the New Jersey state average of 128. Leisure Village East is a small community of 4,309 residents.

Housing costs are the biggest factor in Leisure Village East's cost of living. The median monthly rent is $1,237 (6% below the US median of $1,319), and the median home value sits at $211,600 (31% below the national median of $304,900). At current prices, the median home costs roughly 4.5x the median household income — a moderately affordable ratio by today's standards.

The median household income in Leisure Village East is $47,231, which is 37% lower than the national median of $75,149. Residents spend roughly 31% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

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.