Cost of Living in Leisure Village West, NJ

With a cost of living index of 98, Leisure Village West, NJ is right around the national average in cost. Living here is 2% cheaper than the national average and 30% below the New Jersey state average of 128. Leisure Village West is a small community of 4,070 residents.

Housing costs are the biggest factor in Leisure Village West's cost of living. The median monthly rent is $1,381 (5% above the US median of $1,319), and the median home value sits at $203,700 (33% below the national median of $304,900). At current prices, the median home costs roughly 3.4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Leisure Village West is $60,309, which is 20% lower than the national median of $75,149. Residents spend roughly 27% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability.

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.