Cost of Living in Monmouth County, NJ

What does it cost to live in Monmouth County? Income, housing, and affordability breakdown.

Median Income

$118,527

Median Rent

$1,683/mo

Median Home

$519,300

Affordability

273

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$2,626
Property Tax$818
Insurance$173

Total Monthly$3,617
% of Income36.6%

Renting

Median Rent$1,683
Renter's Insurance$25

Total Monthly$1,708
% of Income17%

Living in Monmouth County, New Jersey

Monmouth County has a median household income of $118,527 with housing costs that represent 36.6% of income for owners and 17% for renters. Housing costs exceed the recommended 30% threshold, suggesting affordability challenges.

The affordability index of 273 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Family and education

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.