States › New Jersey › Morganville

Is Morganville, NJ expensive to live in?

OKRent takes 20 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,97069% higher than U.S. average
💵 Families earn per year (2026)$174,178about $14,515/month · 100% higher than U.S. average
🔑 House price$681,800105% higher than U.S. average

Rent here is among the highest 10% in the country. Household incomes are higher than in 94% of U.S. cities. A typical house costs about 3.9 years of household income. Commutes are long, about 34.9 minutes each way. Most homes (88.1%) are owned, so rentals can be hard to find. It is a highly educated city: 59.8% of adults have a college degree.

How much money do I need?

To rent here comfortably, you should earn about $118,800 a year. That is $57 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 247 of 291 cities from cheapest to most expensive.

Morganville
$2,970
Hightstown
$1,772
Manasquan
$2,240
Mount Arlington
$2,069
Belmar
$2,099
Pine Brook
$2,914
Old Tappan
$3,500+

How much do households earn in Morganville?

Under $25k
2.9%
$25k–50k
11.2%
$50k–100k
18.1%
$100k–150k
30.0%
$150k+
37.9%

Share of households by yearly income. 68.0% of households earn $100,000 or more.

How expensive is Morganville 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 Morganville, so the New Jersey figure is shown.

Taxes and bills in Morganville

🏛️ Property tax$10,000+a year · 1.47% of home value · U.S. $3,119
⚡ Electric bill$138a month (typical) · U.S. $156

Life in Morganville

Commute to work34.9 minU.S.: 26.4 min
College degree59.8%U.S.: 35.7%
Own their home88.1%U.S.: 65.2%
Below poverty line3.5%U.S.: 12.5%
Unemployment1.1%U.S.: 5.2%

Is it cheaper to rent or buy in Morganville?

Renting is cheaper right now: about $1,761 a month less.

Renting
$2,970
Owning
$4,731

Owning assumes a typical $681,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $68,180 for the down payment.

Frequently asked questions

What is the average rent in Morganville, NJ?

Renting in Morganville costs a median of about $2,970 a month in 2026, including utilities. The New Jersey median is $2,240.

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

To keep rent under 30% of income, you need about $118,800 a year, or $57 an hour at a full-time job.

Is Morganville cheap or expensive?

Morganville is rated OK: rent takes 20.5% of the typical household income of $174,178. It ranks 247th cheapest of 291 New Jersey cities we track.

How much are property taxes in Morganville?

The median homeowner in Morganville pays $10,000+ a year in property taxes, about 1.47% of the median home value.

Is Morganville 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 Morganville?

The median home value in Morganville is $681,800, about 3.9 times the typical yearly household income.

5,902 people live in Morganville. Numbers are typical (middle) values.