Housing costs in Monmouth?
A typical home costs
$592,600, which is 75.3% more expensive than the national average of
$338,100 and 37.1% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Monmouth costs
$1,600 per month, which is 11.9% more than the national average of
$1,430 and 6.9% cheaper than the state average of
$1,710.
Can I afford Monmouth?
To live comfortably in Monmouth New Jer County, New Jersey, a minimum annual income of
$113,400 for a family, and
$51,200 for a single person is recommended.
What does A.I. say about Monmouth?
The cost of living in Monmouth, NJ County is higher than the US average. According to data from the US Census Bureau, the median house value in Monmouth County is $592,600 which is over 70% higher than the national median of $338,100. Furthermore, the cost of living index for Monmouth County is 129.1 compared to the U.S. average of 100 meaning that goods and services here are 29% more expensive than they are on average in the rest of the country. Despite these higher costs, many people choose to live and work in Monmouth due to its proximity to New York City and other attractions along the Jersey Shore.