Cost of living in Atlantic City
Atlantic City, located in New Jersey, is known for its vibrant boardwalk, casinos, and beaches. Understanding the cost of living here is crucial for anyone considering moving to or visiting this iconic city.
This guide provides a detailed breakdown of various expenses, including housing, dining, transportation, and more, to help you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $20 on average, with a range between $10 and $60.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $70, with prices ranging from $55 to $250.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10, with a range between $7 and $16.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $2.5 to $16, imported beer $4.5 to $12, cappuccino $3.5 to $8, and Coke/Pepsi $1.5 to $5.
Grocery Prices
- Milk - Milk is priced between $0.53 and $1.39 per liter, averaging $1.2.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.97 and $6.01, with an average price of $2.16.
- Eggs (Dozen) - A dozen eggs range from $1.72 to $7.99, averaging $3.26.
- Fruits (e.g., Apples, Oranges) - Apples cost $3.66 to $12.13 per kg, while oranges are priced at $2.84 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced at $2.62 per kg, and lettuce costs $1 to $3 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.79 and $1.01 per liter.
- Car Purchase (e.g., Volkswagen Golf, Toyota Corolla) - A new Volkswagen Golf costs between $35,000 and $36,373.32, while a Toyota Corolla ranges from $26,407.08 to $28,000.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $1200.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $1100.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $2000.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $1800.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $3929.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter also averages $3929.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $90 and $219, averaging $153.
- Internet - Internet services range from $60 to $80, with an average cost of $60.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Atlantic City offers a diverse range of dining options, from affordable fast food to high-end restaurants.
Grocery prices vary, with some items like milk and bread being relatively inexpensive, while others like local cheese and beef are higher.
Transportation costs are moderate, with gasoline prices being quite reasonable.
Housing costs in Atlantic City are moderate, with rental prices being more affordable outside the city centre.
Utilities and internet services are reasonably priced, making it easier to manage monthly expenses.
Conclusion
Overall, Atlantic City presents a balanced cost of living, with affordable options in dining and transportation.
While housing and grocery prices can vary, careful budgeting can help manage expenses effectively.
Whether you're planning to move or just visit, understanding these costs will help you make informed financial decisions.