Cost of Living in Monmouth County, New Jersey

$1,771/mo

Median Monthly Rent

$566,500

Median Home Value

12% above state averageUnaffordable

At a Glance

Median Monthly Rent

$1,771/mo

12% above state average

Median Home Value

$566,500

101% above national

Rent-to-Income Ratio

31.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Monmouth County Compares

Median monthly rent comparison

Monmouth County$1,771/mo

New Jersey Average$1,577/mo

National Median$1,163/mo

Detailed Housing Stats

$1,771/mo

Median Gross Rent

$566,500

Median Home Value

$2,364/mo

Monthly Owner Cost

31.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Monmouth County, New Jersey

Monmouth's affluence eases housing costs

Monmouth County achieves a 17.3% rent-to-income ratio—well below New Jersey's 19.1% average—powered by a median household income of $122,727 and median rent of $1,771. This combination of strong earnings and relatively moderate rents makes Monmouth one of New Jersey's most affordable counties for renters.

Monmouth ranks among Jersey's best

At 17.3%, Monmouth's rent-to-income ratio ranks among New Jersey's lowest, significantly outperforming the state average of 19.1%. The county's high median income of $122,727 is the real affordability engine, allowing residents to handle coastal rents without strain.

Strongest income in Jersey's central coast

Monmouth's median income of $122,727 exceeds Middlesex ($109,028), Hudson ($90,032), and Ocean ($86,411), while its median rent of $1,771 stays competitive. This combination makes Monmouth the central-Jersey coastal option for affluent renters seeking affordability.

Coastal living without the squeeze

Renters pay $1,771 monthly while homeowners face $2,364, with the median household income of $122,727 easily supporting both. At 17.3% of income, Monmouth rents consume the smallest share of any county in this analysis, leaving room for savings and lifestyle choices.

Best coastal affordability in Jersey

Monmouth offers the rare combination of coastal New Jersey living with strong affordability—17.3% rent-to-income ratio and median income of $122,727. If you're seeking Jersey shore proximity without financial strain, Monmouth's towns provide the best balance statewide.

Affordability Calculator

See how your income compares to housing costs in Monmouth County

Your Annual Household Income

Rent Burden

17.3%

of gross income

Max Housing (28% Rule)

$2,864

per month

Owner Cost Burden

23.1%

of gross income

The median home in Monmouth County may be a stretch

Median home value is $566,500. Estimated monthly cost: $4,523 vs. your max of $2,864.

Rent Affordability Guide

Your rent-to-income ratio17.3%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Monmouth County, New Jersey?

Monmouth County, New Jersey has a median monthly rent of $1,771/mo and a median home value of $566,500. The affordability rating is Unaffordable, with rent making up approximately 31.0% of median household income.

What is the median rent in Monmouth County?

The median gross rent in Monmouth County is $1,771/mo. This is 12% above state average for New Jersey.

Is Monmouth County affordable?

Monmouth County is rated Unaffordable based on rent-to-income ratio of 31.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Monmouth County's rent compare to the state average?

Monmouth County's median rent of $1,771/mo is 12% above state average of $1,577/mo for New Jersey.

What is the median home value in Monmouth County?

The median home value in Monmouth County, New Jersey is $566,500. This is 101% above the national median home value of $281,900.