Monmouth County, New Jersey

Income Data

+22% vs. New Jersey average
$122,727
Median Household Income
$65,545
Per Capita Income

At a Glance

Median Household Income
$122,727
+22% vs. state avg
Per Capita Income
$65,545
+66% vs. national
Income-to-Housing Ratio
21.7%
income as % of home value
Rank in New Jersey
#5 / 21
by median household income

How Monmouth County Compares

Monmouth County$122,727
New Jersey Average$100,891
National Median$74,755

Detailed Income Statistics

$122,727
Median Household Income
$65,545
Per Capita Income
$566,500
Median Home Value
21.7%
Income-to-Housing Ratio

Data Story

About Household Income in Monmouth County, New Jersey

Monmouth County earns 64% above national median

Monmouth County's median household income of $122,727 significantly exceeds the U.S. median of $74,755, placing it $47,972 ahead and ranking among the nation's most affluent counties. This performance reflects a prosperous coastal economy with strong professional employment and robust property values.

Third-wealthiest county in New Jersey

At $122,727, Monmouth County ranks third among New Jersey's 21 counties, exceeding the state median of $100,891 by $21,836. Only Morris and Hunterdon counties surpass Monmouth's household earnings, reflecting the county's concentration of affluent suburbs.

Monmouth leads most regional competitors

Monmouth County's $122,727 median income significantly outpaces Ocean County ($86,411), Hudson County ($90,032), and Mercer County ($96,333), trailing only the wealthy northern counties of Morris and Hunterdon. The income advantage reflects Monmouth's reputation as a premier residential destination for high-earning professionals.

Strong affordability despite high home values

Monmouth residents spend 17.3% of household income on rent, well below the 20% affordability threshold and among the best statewide. Despite a median home value of $566,500—the second-highest in this comparison—the county's strong incomes support homeownership without excessive cost burden.

Maximize wealth-building opportunities

With a median household income of $122,727 and excellent housing affordability, Monmouth County residents have substantial capacity to invest in multiple wealth-building vehicles simultaneously. Prioritize maxing retirement accounts, investing in real estate or rental properties, and establishing diversified stock portfolios to compound wealth over decades.

Frequently Asked Questions

What is the median household income in Monmouth County, New Jersey?
The median household income in Monmouth County, New Jersey is $122,727, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Monmouth County?
The per capita income in Monmouth County is $65,545, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $122,727.
How does Monmouth County compare to the New Jersey average?
Monmouth County's median household income of $122,727 is higher than the New Jersey state average of $100,891. The per capita income is $65,545, compared to the state average of $52,255.
What is the per capita income in Monmouth County, New Jersey?
The per capita income in Monmouth County, New Jersey is $65,545, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Monmouth County income higher than the New Jersey average?
Monmouth County's median household income of $122,727 is higher than the New Jersey average of $100,891. This difference of $21,836 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Monmouth County rank for income in New Jersey?
Monmouth County ranks #5 out of 21 counties in New Jersey by median household income (1 = highest). With a median household income of $122,727 and per capita income of $65,545, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Monmouth County

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Your income is above the Monmouth County median

County median: $122,727 per year

vs. County Median

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vs. State Average

+22%

vs. National Median

+64%

vs. Monmouth County MedianAbout equal
vs. New Jersey Average22% above
vs. National Median64% above

Income Adequacy

Monthly income covers median rent5.8x

Your monthly income ($10,227) vs. median rent ($1,771/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.