Cost of Living in Longport, NJ

With a cost of living index of 201, Longport, NJ is one of the most expensive cities in the United States. Living here is 101% more expensive than the national average and 73% above the New Jersey state average of 128. Longport is a small community of 897 residents.

Housing costs are the biggest factor in Longport's cost of living. The median monthly rent is $2,554 (94% above the US median of $1,319), and the median home value sits at $1,079,500 (254% above the national median of $304,900). At current prices, the median home costs roughly 10.4x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Longport is $103,523, which is 38% higher than the national median of $75,149. Residents spend roughly 30% 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 Atlantic City-Hammonton, NJ (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 5 are priced lower 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.