Cost of Living in Ocean Grove

Ocean Grove, is a small coastal community known for its Victorian architecture, scenic beaches, and family-friendly atmosphere. As part of the Jersey Shore, the cost of living in Ocean Grove can be higher than the national average, particularly when it comes to real estate. Housing prices in Ocean Grove vary depending on proximity to the beach and the condition of the property. As of my knowledge cutoff in early 2023, the median home value in Ocean Grove is around $600,000 to $700,000. For a 3-bedroom home, prices can range from $500,000 to over $1 million, while 4-bedroom homes may cost anywhere from $700,000 to well over $1.2 million, depending on size, location, and amenities.

Apartment rentals in Ocean Grove also reflect the desirability of living near the shore. A 1-bedroom apartment can rent for between $1,500 and $2,000 per month, while larger 2 or 3-bedroom apartments can range from $2,000 to $3,500 or more per month. Apartment purchases, on the other hand, can vary widely, with smaller units starting at around $300,000 and larger, more luxurious units exceeding $600,000. Dining out in Ocean Grove can be a delightful experience, with a variety of restaurants offering everything from casual to fine dining. A typical meal at a mid-range restaurant might cost between $15 and $30 per person, while a dinner for two at a higher-end establishment could run from $50 to $100 or more, excluding drinks and gratuity.

Utilities, including electricity, heating, cooling, water, and garbage, can cost around $150 to $250 per month for a standard household, though this can fluctuate based on usage and the time of year. Internet and cable services typically add another $60 to $120 to monthly expenses. When it comes to education, private school tuition in the Ocean Grove area can be a significant expenditure for families. Preschool tuition can range from $800 to $1,500 per month. Elementary and middle school tuition can vary from $5,000 to $15,000 per year, while private high schools can cost between $10,000 and $30,000 annually, depending on the institution's reputation and facilities.