Cost of Living in Rio Grande, NJ

With a cost of living index of 105, Rio Grande, NJ is somewhat more expensive than average. Living here is 5% more expensive than the national average and 22% below the New Jersey state average of 128. Rio Grande is a small community of 3,285 residents.

Housing costs are the biggest factor in Rio Grande's cost of living. The median monthly rent is $1,486 (13% above the US median of $1,319), and the median home value sits at $311,900 (2% above the national median of $304,900). At current prices, the median home costs roughly 3.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Rio Grande is $97,590, which is 30% higher than the national median of $75,149. Residents spend roughly 18% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

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.