Monmouth Beach cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexMonmouth BeachNew JerseyNational
Cost of living index191125100
IndexMonmouth BeachNew JerseyNational
Goods & Services index149112100
Groceries index138105100
Health care index115104100
Housing index314158100
Transportation index130112100
Utilities index118115100

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Did you know?

  • The cost of living in Monmouth Beach is 53% higher than the New Jersey average.
  • The cost of living in Monmouth Beach is 91% higher than the national average.
  • The cost of housing in Monmouth Beach is 214% higher than the national average.
  • New Jersey general sales tax is 30% higher than the national average.
  • New Jersey state income tax is 37% lower than the national average.

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Compare Monmouth Beach, NJ Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$121,818$10,152$2,842$3,655
Renters$41,326$3,444$964$1,240

New Jersey Sales Tax

StateGeneral Sales TaxWith Max Surtax
New Jersey6.625%12.875%

New Jersey Income Tax

StateIncome Tax (Low)Income Tax (High)
New Jersey1.4%8.97%

Goods & Services

ItemMonmouth BeachNational avg.Difference
Haircut $23.67$16.0947.1%
Beauty Salon $65.00$37.3374.1%
Toothpaste $4.49$2.4583.6%
Shampoo $1.69$1.0068.9%
Movie $15.46$10.2850.4%
Bowling $13.00$4.93163.6%

Groceries

ItemMonmouth BeachNational avg.Difference
Ground Beef $5.38$3.8041.5%
Fried Chicken $2.08$1.4048.7%
Milk $3.24$2.0161.5%
Potatoes $4.12$3.0136.8%
Pizza $12.04$9.8921.8%
Beer $12.32$8.9038.5%

Health Care

ItemMonmouth BeachNational avg.Difference
Optometrist $107.00$102.164.7%
Doctor $105.00$108.363.1%
Dentist $125.00$92.5335.1%
Ibuprofen $11.99$9.2829.2%
Lipitor $435.07$425.822.2%

Housing

ItemMonmouth BeachNational avg.Difference
Home Price $663,800.00$184,700.00259.4%
Avg. Mortgage Payment $6,355.59$1,202.44428.6%
Apartment Rent $1,988.00$949.00109.5%

Transportation

ItemMonmouth BeachNational avg.Difference
Gasoline $2.45$2.249.3%
Tire Balancing $80.00$46.2972.8%

Utilities

ItemMonmouth BeachNational avg.Difference
All Electricity$210.06$165.9626.6%
Phone $30.99$28.688.0%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Keansburg, NJ9,9041088%
Highlands, NJ4,90013535%
Laurence Harbor, NJ6,58411616%
Keyport, NJ7,13611616%
Perth Amboy, NJ52,26511616%
Monmouth Beach, NJ3,24919191%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Dahlgren, VA3,24911414%
Netcong, NJ3,24811818%
Upland, PA3,24893-7%
Ladysmith, WI3,24886-14%
Havana, IL3,25185-15%
Monmouth Beach, NJ3,24919191%
Source: The Monmouth Beach, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.