Monmouth Beach, NJ is a beautiful coastal town located along the Atlantic Ocean, offering stunning views of the ocean and plenty of recreational activities. It’s an ideal place for those seeking a small-town atmosphere while still being close to larger cities. The cost of living in Monmouth Beach is higher than the rest of the US, with a 2 Bedroom Rent averaging $2,420 per month compared to $1,430 nationally. Grocery costs are also higher here, with a local grocery cost index of 110 compared to 100 nationwide. Local businesses in Monmouth Beach include Jersey Shore Realty Group, Caffe L'Amore, and Jaxon's Ice Cream Shoppe where you can get some delicious treats. There are also several popular places like Sandy Hook National Park for outdoor lovers to explore and the borough marina which offers lots of recreational activities on the water.
Monmouth Beach has an unemployment rate of 6.8%. The US average is 6.0%.
Monmouth Beach has seen the job market decrease by -6.6% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Monmouth Beach
- The Sales Tax Rate for Monmouth Beach is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Monmouth Beach is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monmouth Beach
- The average income of a Monmouth Beach resident is $94,936 a year. The US average is $37,638 a year.
- The Median household income of a Monmouth Beach resident is $131,250 a year. The US average is $69,021 a year.