Cost of Living in Somers Point, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
125.4
100 = national avg
+25.4 vs national average
Living Wage (1 Adult)
$55,169
per year
Living Wage (Family of 4)
$130,398
per year
Cost Index by Category
Housing165.3
Food102.4
Transportation98.7
Healthcare101.9
Utilities114.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,537
per month
2 Bedroom
$1,867
per month
The overall cost of living index in Somers Point is 125.4, which is 25.4% above the national average. Housing costs are above the national average at an index of 165.3. A single adult needs to earn approximately $55,169 per year to cover basic expenses.