Housing costs in Monmouth Beach?
A typical home costs
$925,600, which is 173.8% more expensive than the national average of
$338,100 and 114.2% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Monmouth Beach costs
$2,450 per month, which is 43.3% more than the national average of
$1,710 and 11.4% more than the state average of
$2,170.
Can I afford Monmouth Beach?
To live comfortably in Monmouth Beach (zip 07750), New Jersey, a minimum annual income of
$177,480 for a family, and
$78,000 for a single person is recommended.
What does A.I. say about Monmouth Beach?
The cost of living in 07750 Monmouth Beach, NJ is quite high. The median home value is around $1 million, and the median rent price is around $3,000 per month. The unemployment rate in 07750 is very low, at around 3%, so those who are employed in the area have access to good-paying jobs. Taxes are also higher in this area than in many other places due to its high cost of living. However, residents enjoy a beautiful beach town with a pleasant climate year-round, which can be worth the expense for some people.