What is the cost of living in Monmouth Junction, NJ?
According to the most recent data on the cost of living, Monmouth Junction has an overall cost of living index of 146, which is 1.5x higher than the national index of 100.
Compared to New Jersey, Monmouth Junction has a cost of living index that's 1.2x higher than New Jersey's index of 125.
The standard of living in Monmouth Junction ranks as #190 most affordable out of the 262 places we measured in New Jersey. By definition, that implies Monmouth Junction ranks as the #72 most expensive place in the Garden State.
For more reading on life in Monmouth Junction, check out:
Monmouth Junction Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Monmouth Junction. Here is how it fares on each of the criteria:
The Services index in Monmouth Junction is 107.
The Groceries index in Monmouth Junction is 107.
The Health index in Monmouth Junction is 227.
The Housing index in Monmouth Junction is 110.
The Transportation index in Monmouth Junction is 109.
The Utilities index in Monmouth Junction is 112.
| Living Expense | Monmouth Junction | New Jersey | National Average |
|---|---|---|---|
| Overall | 146 | 125 | 100 |
| Services | 107 | 107 | 100 |
| Groceries | 107 | 113 | 100 |
| Health | 227 | 155 | 100 |
| Housing | 110 | 116 | 100 |
| Transportation | 109 | 112 | 100 |
| Utilities | 112 | 113 | 100 |
Monmouth Junction Cost Of Living Compared To New Jersey Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New Jersey, check out:
Protect your home budget Compare home warranties in Monmouth Junction Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Monmouth Junction, NJ Housing Cost Breakdown
Housing swings affordability the most between places in New Jersey, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Monmouth Junction is $690,687.
The Median Rent in Monmouth Junction is $1,935.
The Median Income in Monmouth Junction is $133,585.
The Home Value To Income in Monmouth Junction is 5.2x.
The Rent To Monthly Income in Monmouth Junction is 0.17x.
| Statistic | Monmouth Junction | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $690,687 | $569,411 | $332,700 |
| Median Rent | $1,935 | $1,720 | $1,413 |
| Median Income | $133,585 | $103,556 | $80,734 |
| Home Value To Income | 5.2x | 5.5x | 4.1x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.21x |
Monmouth Junction, NJ Costs By Category
Detailed Monmouth Junction Services costs vs. New Jersey
| Item | Monmouth Junction | New Jersey |
|---|---|---|
| Shampoo | $1.53 | $1.28 |
| Movie | $14.53 | $12.13 |
| Bowling | $20.98 | $18 |
| Haircut | $30.25 | $24.26 |
| Beauty Salon | $53.0 | $45.56 |
Detailed Monmouth Junction Groceries costs vs. New Jersey
| Item | Monmouth Junction | New Jersey |
|---|---|---|
| Ground Beef | $6.13 | $5.84 |
| Fried Chicken | $1.41 | $1.57 |
| Milk | $4.7 | $4.67 |
| Potatoes | $5.32 | $4.93 |
| Pizza | $12.59 | $12.09 |
| Beer | $11.12 | $10.41 |
| Toothpaste | $3.75 | $3.7 |
Detailed Monmouth Junction Health costs vs. New Jersey
| Item | Monmouth Junction | New Jersey |
|---|---|---|
| Optometrist | $129.93 | $125.68 |
| Doctor | $124.1 | $135.78 |
| Dentist | $129.94 | $113.29 |
Detailed Monmouth Junction Transportation costs vs. New Jersey
| Item | Monmouth Junction | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $72.38 | $59.92 |
Detailed Monmouth Junction Utilities costs vs. New Jersey
| Item | Monmouth Junction | New Jersey |
|---|---|---|
| All Electricity | $223.08 | $193.99 |
| Phone | $186.61 | $192.25 |
Monmouth Junction SnackAbility
Cost Of Living In Cities Around Monmouth Junction
The cost of living varies in the cities and towns around Monmouth Junction. Here's a quick look at the cost of living in the most populous nearby places:
Colonia, NJ has a cost of living index of 136, 0.9x Monmouth Junction.
Princeton Meadows, NJ has a cost of living index of 154, 1.1x Monmouth Junction.
Middlesex, NJ has a cost of living index of 128, 0.9x Monmouth Junction.
| City | Population | Cost Of Living | Vs. Monmouth Junction |
|---|---|---|---|
| Colonia, NJ | 18,587 | 136 | 0.9x |
| Princeton Meadows, NJ | 15,561 | 154 | 1.1x |
| Middlesex, NJ | 14,645 | 128 | 0.9x |
| Bradley Gardens, NJ | 14,165 | 152 | 1.0x |
| Mercerville, NJ | 13,535 | 122 | 0.8x |
| Franklin Park, NJ | 13,211 | 128 | 0.9x |
| Hamilton Square, NJ | 11,622 | 127 | 0.9x |
| Martinsville, NJ | 11,559 | 166 | 1.1x |
| White Horse, NJ | 10,507 | 115 | 0.8x |
| Kendall Park, NJ | 10,011 | 140 | 1.0x |
