salaryRent is lower than in 53% of U.S. cities. A typical house costs about 7.1 years of household income, so buying is hard for most locals. Most households rent (72%), so there are plenty of rental options.
How much money do I need?
To rent here comfortably, you should earn about $63,080 a year. That is $30 an hour at a full-time job.
Is rent cheaper than other New Jersey cities?
Yes. Rent here is cheaper than in most of New Jersey. It is number 33 of 291 cities from cheapest to most expensive.
How much do households earn in Asbury Park?
Share of households by yearly income. 30.2% of households earn $100,000 or more.
Rent by apartment size in Asbury Park
| Size | Asbury Park | U.S. average |
|---|---|---|
| Studio | $1,744 | $1,338 |
| 1 bedroom | $1,682 | $1,324 |
| 2 bedrooms | $2,041 | $1,509 |
| 3 bedrooms | $2,457 | $1,698 |
| 4 bedrooms | $2,759 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Asbury Park overall?
Everyday prices in New Jersey overall are 9% above the U.S. average (index 108.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Asbury Park, so the New Jersey figure is shown.
Taxes and bills in Asbury Park
Life in Asbury Park
Is it cheaper to rent or buy in Asbury Park?
Renting is cheaper right now: about $2,455 a month less.
Owning assumes a typical $581,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $58,110 for the down payment.
Frequently asked questions
What is the average rent in Asbury Park, NJ?
Renting in Asbury Park costs a median of about $1,577 a month in 2026, including utilities. The New Jersey median is $2,240.
How much do I need to make to live in Asbury Park?
To keep rent under 30% of income, you need about $63,080 a year, or $30 an hour at a full-time job.
Is Asbury Park cheap or expensive?
Asbury Park is rated OK: rent takes 23.2% of the typical household income of $81,474. It ranks 33rd cheapest of 291 New Jersey cities we track.
How much are property taxes in Asbury Park?
The median homeowner in Asbury Park pays $8,946 a year in property taxes, about 1.54% of the median home value.
Is Asbury Park more expensive than the national average?
Overall prices in New Jersey are 9% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Asbury Park?
The median home value in Asbury Park is $581,100, about 7.1 times the typical yearly household income.
15,295 people live in Asbury Park. Numbers are typical (middle) values.