Cost of Living in Stone Harbor, NJ

With a cost of living index of 238, Stone Harbor, NJ is one of the most expensive cities in the United States. Living here is 138% more expensive than the national average and 111% above the New Jersey state average of 128. Stone Harbor is a small community of 853 residents.

Housing costs are the biggest factor in Stone Harbor's cost of living. The median monthly rent is $1,588 (20% above the US median of $1,319), and the median home value sits at $1,898,800 (523% above the national median of $304,900). At current prices, the median home costs roughly 14.8x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Stone Harbor is $128,235, which is 71% higher than the national median of $75,149. Residents spend roughly 15% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. 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.