salaryRent is higher than in 80% of U.S. cities. Household incomes are higher than in 88% of U.S. cities. A typical house costs about 3.8 years of household income. Commutes are long, about 35 minutes each way. It is a highly educated city: 75.8% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $92,320 a year. That is $44 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 159 of 291 cities from cheapest to most expensive.
How much do households earn in Monmouth Junction?
Share of households by yearly income. 54.8% of households earn $100,000 or more.
Rent by apartment size in Monmouth Junction
| Size | Monmouth Junction | U.S. average |
|---|---|---|
| Studio | $1,063 | $1,338 |
| 1 bedroom | $1,989 | $1,324 |
| 2 bedrooms | $2,361 | $1,509 |
| 3 bedrooms | $3,393 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Monmouth Junction 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 Monmouth Junction, so the New Jersey figure is shown.
Taxes and bills in Monmouth Junction
Life in Monmouth Junction
Is it cheaper to rent or buy in Monmouth Junction?
Renting is cheaper right now: about $1,528 a month less.
Owning assumes a typical $552,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $55,290 for the down payment.
Frequently asked questions
What is the average rent in Monmouth Junction, NJ?
Renting in Monmouth Junction costs a median of about $2,308 a month in 2026, including utilities. The New Jersey median is $2,240.
How much do I need to make to live in Monmouth Junction?
To keep rent under 30% of income, you need about $92,320 a year, or $44 an hour at a full-time job.
Is Monmouth Junction cheap or expensive?
Monmouth Junction is rated Cheap: rent takes 19.2% of the typical household income of $144,071. It ranks 159th cheapest of 291 New Jersey cities we track.
How much are property taxes in Monmouth Junction?
The median homeowner in Monmouth Junction pays $10,000+ a year in property taxes, about 1.81% of the median home value.
Is Monmouth Junction 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 Monmouth Junction?
The median home value in Monmouth Junction is $552,900, about 3.8 times the typical yearly household income.
9,141 people live in Monmouth Junction. Numbers are typical (middle) values.