salaryRent here is among the highest 10% in the country. A typical house costs about 3.7 years of household income. Commutes are long, about 31.6 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $114,440 a year. That is $55 an hour at a full-time job.
Is rent cheaper than other New Jersey cities?
No. Rent here is more expensive than in most of New Jersey. It is number 229 of 291 cities from cheapest to most expensive.
How much do households earn in Avenel?
Share of households by yearly income. 37.4% of households earn $100,000 or more.
Rent by apartment size in Avenel
| Size | Avenel | U.S. average |
|---|---|---|
| Studio | $1,801 | $1,338 |
| 1 bedroom | $1,850 | $1,324 |
| 2 bedrooms | $2,472 | $1,509 |
| 3 bedrooms | $2,422 | $1,698 |
| 4 bedrooms | $3,500+ | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Avenel 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 Avenel, so the New Jersey figure is shown.
Taxes and bills in Avenel
Life in Avenel
Is it cheaper to rent or buy in Avenel?
Buying is cheaper month to month: about $79 a month less than renting.
Owning assumes a typical $401,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $40,100 for the down payment.
Frequently asked questions
What is the average rent in Avenel, NJ?
Renting in Avenel costs a median of about $2,861 a month in 2026, including utilities. The New Jersey median is $2,240.
How much do I need to make to live in Avenel?
To keep rent under 30% of income, you need about $114,440 a year, or $55 an hour at a full-time job.
Is Avenel cheap or expensive?
Avenel is rated Expensive: rent takes 31.3% of the typical household income of $109,651. It ranks 229th cheapest of 291 New Jersey cities we track.
How much are property taxes in Avenel?
The median homeowner in Avenel pays $8,998 a year in property taxes, about 2.24% of the median home value.
Is Avenel 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 Avenel?
The median home value in Avenel is $401,000, about 3.7 times the typical yearly household income.
17,121 people live in Avenel. Numbers are typical (middle) values.