Quick facts: Atlantic city, NJ

Quick Facts

112.9
Cost of Living
above US average
38,561
Population
97.09
Crime Rate per 1000
above US average
$35,188
Median Income
below US average
$238,000
Median House Price
above US average
$4066.39
Average Rent
above US average
Poverty rate Data is updating, will be available soon
8.6%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $35,188.

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Income Needed to Buy

βœ— Stretch
$75k/year
Based on $238,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $75k vs median $35,188
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Income Needed to Rent

⚠ Stretch
$174k/year
Based on $4066.39/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $174k vs median $35,188
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Atlantic city, NJ

Atlantic City, located in New Jersey, is a vibrant coastal city known for its bustling boardwalk, sandy beaches, and iconic casinos. It lies alongside the Atlantic Ocean and is part of the larger New Jersey Shore region. The city has a rich history as a resort destination and has transformed over the years into a major gambling hub since the legalization of casinos in the late 1970s. The Atlantic City Boardwalk, the first of its kind in the United States, stretches for miles along the shore and offers a mix of entertainment, dining, and shopping options. Visitors can explore various attractions, including the Absecon Lighthouse and the Steel Pier amusement park, which features rides and games. Atlantic City is also known for its events, including concerts, festivals, and conventions, held throughout the year. The city's vibrant nightlife, with a variety of clubs, bars, and live music venues, caters to a diverse crowd. Additionally, the area boasts several golf courses, water sports, and outdoor recreational opportunities. Whether you're drawn by the thrill of gaming, the charm of the beach, or the lively entertainment scene, Atlantic City remains a popular destination for tourists and locals alike.

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