Monmouth County, New Jersey
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Monmouth County Compares
Detailed Income Statistics
Income Advisory: Monmouth County
Income Verdict
Monmouth County has a median household income of $122,727 and per capita income of $65,545 — a gap of $57,182, suggesting a typical mix of dual-income and single-earner households.
Housing Affordability
With median gross rent at $1,771/month and a median household income of $122,727, rent consumes approximately 17.3% of monthly income — well within affordable thresholds.
Economic Context
The median household income of $122,727 places Monmouth County in a high-earning tier, supporting strong purchasing power and above-average consumer spending. Per capita income of $65,545 reflects a relatively affluent population with substantial individual earning capacity.
Neighbor Context
Monmouth County earns approximately 21.6% above the New Jersey state median household income of $100,891, positioning it favorably within the state.
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
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Income Comparison Calculator
See how your household income compares in Monmouth County
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%
Income Adequacy
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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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.