Monmouth County, NJ Economy


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United States / New Jersey / / Monmouth County / Cities / Zip Codes
Monmouth, NJ County is a great place to live! With a 2 Bedroom rent of $1,600, it is slightly higher than the US average of $1,430 but still affordable. The grocery cost index in Monmouth County is also higher than the national average at 108 versus 100. Local companies include Verizon Wireless, Bayada Home Health Care, and C&M Environmental Technologies. There are plenty of attractions and activities to enjoy in Monmouth County. One popular attraction is the Stone Pony music venue where visitors can go to hear live music from both local and international acts. Visitors can also explore the historic Allaire Village or take advantage of outdoor activities like fishing or camping at one of the many parks located throughout the county.

Monmouth County has an unemployment rate of 6.8%. The US average is 6.0%.

Monmouth County has seen the job market decrease by -0.2% 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 County
- The Sales Tax Rate for Monmouth County is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Monmouth County 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 County
- The average income of a Monmouth County resident is $43,548 a year. The US average is $28,555 a year.
- The Median household income of a Monmouth County resident is $110,356 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMonmouth, New JerseyUnited States
  6.86
  -6.6%-6.2%
  26.8%33.5%
  6.6%6.2%
  5.5%4.6%
  $57,836$37,638
  $110,356$69,021
  $140,053$85,028
  Population by Occupation
  0.3%1.2%
  0.0%0.5%
  7.0%6.8%
  5.7%10.0%
  2.8%2.5%
  10.6%11.0%
  3.8%4.8%
  0.9%0.8%
  3.0%1.9%
  8.1%4.7%
  2.2%1.9%
  10.8%7.6%
  0.1%0.1%
  3.9%4.2%
  11.0%9.3%
  13.5%14.0%
  2.3%2.1%
  5.6%7.0%
  3.9%4.8%
  4.6%4.7%
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