States › New Jersey › Matawan

Is Matawan, NJ expensive to live in?

CheapRent takes 18 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,01315% higher than U.S. average
💵 Families earn per year (2026)$133,037about $11,086/month · 53% higher than U.S. average
🔑 House price$467,80041% higher than U.S. average

Rent is higher than in 70% of U.S. cities. A typical house costs about 3.5 years of household income. Commutes are long, about 32.5 minutes each way.

How much money do I need?

To rent here comfortably, you should earn about $80,520 a year. That is $39 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 95 of 291 cities from cheapest to most expensive.

Matawan
$2,013
Keansburg
$1,695
Villas
$1,897
Browns Mills
$1,346
Pine Lake Park
$2,028
Succasunna
$2,776
Smithville
$1,663

How much do households earn in Matawan?

Under $25k
11.9%
$25k–50k
9.6%
$50k–100k
28.7%
$100k–150k
25.5%
$150k+
23.0%

Share of households by yearly income. 48.5% of households earn $100,000 or more.

Rent by apartment size in Matawan

SizeMatawanU.S. average
1 bedroom$1,780$1,324
2 bedrooms$2,410$1,509
3 bedrooms$2,009$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Matawan overall?

Everyday prices in New Jersey overall are 9% above the U.S. average (index 108.8, U.S. = 100).

Housing
134
Goods (food, clothes…)
107
Utilities
114
Other services
104
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Matawan, so the New Jersey figure is shown.

Taxes and bills in Matawan

🏛️ Property tax$10,000+a year · 2.14% of home value · U.S. $3,119
⚡ Electric bill$114a month (typical) · U.S. $156

Life in Matawan

Commute to work32.5 minU.S.: 26.4 min
College degree43.4%U.S.: 35.7%
Own their home51.9%U.S.: 65.2%
Below poverty line10.5%U.S.: 12.5%
Unemployment5.1%U.S.: 5.2%

Is it cheaper to rent or buy in Matawan?

Renting is cheaper right now: about $1,233 a month less.

Renting
$2,013
Owning
$3,246

Owning assumes a typical $467,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $46,780 for the down payment.

Frequently asked questions

What is the average rent in Matawan, NJ?

Renting in Matawan costs a median of about $2,013 a month in 2026, including utilities. The New Jersey median is $2,240.

How much do I need to make to live in Matawan?

To keep rent under 30% of income, you need about $80,520 a year, or $39 an hour at a full-time job.

Is Matawan cheap or expensive?

Matawan is rated Cheap: rent takes 18.2% of the typical household income of $133,037. It ranks 95th cheapest of 291 New Jersey cities we track.

How much are property taxes in Matawan?

The median homeowner in Matawan pays $10,000+ a year in property taxes, about 2.14% of the median home value.

Is Matawan 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 Matawan?

The median home value in Matawan is $467,800, about 3.5 times the typical yearly household income.

9,710 people live in Matawan. Numbers are typical (middle) values.