Cost of Living in Port Monmouth, NJ
Population 3,285 · New Jersey · Data vintage 2023
(100 = US avg)
Port Monmouth sits on the smaller end of the New Jersey city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.
Port Monmouth sits roughly 15 miles south of Elizabeth — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 8% higher than Elizabeth's $394,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Port Monmouth
The median home value in Port Monmouth is $423,600 — 39% above the national median of $305,000. Median rent runs $1,169/month, 11% lower than the national median of $1,314/month. The median household income of $106,677/year is 43% higher than the US median of $74,580. The local unemployment rate is 5.9%, above the national average of 4.8%. New Jersey's top state income tax rate is 10.8% and the combined sales tax is 6.6%. The climate averages highs of 63.8°F and lows of 47.1°F, with about 31.5" of annual snowfall. Overall, Port Monmouth has a cost of living index of 119 versus the US average of 100, meaning it is 19% more expensive.
Port Monmouth has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 40 | 43 | 51 | 63 | 73 | 82 | 87 | 85 | 78 | 66 | 55 | 45 |
| Low °F | 26 | 27 | 34 | 44 | 54 | 64 | 69 | 68 | 61 | 49 | 39 | 31 |
| Precip" | 3.42 | 2.98 | 4.13 | 3.87 | 3.97 | 4.34 | 4.66 | 4.15 | 3.82 | 3.79 | 3.33 | 4.14 |
| Snow" | 9.1 | 10.1 | 5.6 | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | 0.6 | 5.4 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Port Monmouth, NJ?
Port Monmouth has a cost index of 119 (100 = national average). It is 19% above the national average.
What is average rent in Port Monmouth, NJ?
The median gross rent in Port Monmouth is $1,169 per month based on 2023 Census data.
What is the average home price in Port Monmouth?
The median home value in Port Monmouth is $423,600 according to Zillow and Census data.
What is the median income in Port Monmouth?
The median household income in Port Monmouth is $106,677 per year (2023 ACS 5-year estimates).
What is the sales tax in Port Monmouth, NJ?
The combined state and local sales tax rate in Port Monmouth is 6.6%. The New Jersey state income tax top rate is 10.8%.
Is Port Monmouth, NJ affordable?
Port Monmouth is above average in cost of living, with an index of 119 — about 19% higher than the national average.
What is the weather like in Port Monmouth?
Port Monmouth has average high temperatures of 63.8°F and average lows of 47.1°F. Annual precipitation is 46.6". Average annual snowfall is 31.5". Data from NOAA 1991–2020 Climate Normals.
Port Monmouth at a Glance
- Population
- 3,285
- Median Income
- $106,677
- Home Value
- $423,600
- Median Rent
- $1,169/mo
- Unemployment
- 5.9%
- Avg High Temp
- 63.8°F
- Sales Tax
- 6.6%
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New Jersey Rankings
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