What is the median household income in Ocean Township (Monmouth County), NJ?
The median household income in Ocean Township (Monmouth County), NJ is $108,626 (±$8,568) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,530 a month would take about $61,200 a year at the common guideline of spending no more than 30% of income on rent.
In Ocean Township (Monmouth County), the median household income went from $94,284 in 2015–2019 to $108,626 in 2020–2024 (+15.2%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $108,626 (±$8,568)
- Median renter income
- $58,763 (±$13,039)
- Income to afford median rent
- about $61,200
Income in Ocean Township (Monmouth County) against Monmouth County, its state and the nation
| Ocean Township (Monmouth County) | Monmouth County | New Jersey | United States | |
|---|---|---|---|---|
| Median household income | $108,626 (±$8,568) | $124,845 (±$2,115) | $103,556 (±$513) | $80,734 |
| Median renter household income | $58,763 (±$13,039) | $62,592 (±$3,372) | $62,674 (±$718) | $52,966 |
| Median owner household income | $155,729 (±$20,480) | $151,807 (±$2,620) | $133,477 (±$624) | $100,009 |
| Median gross rent | $1,530 (±$96) | $1,827 (±$30) | $1,720 (±$7) | $1,413 |
In Ocean Township (Monmouth County), median household income is lower than in Monmouth County ($124,845).
It is not measurably different from New Jersey ($103,556).
It is higher than the national figure ($80,734).
In Monmouth County, Ocean Township (Monmouth County) ranks 35 of 53 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 300 of 561.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Ocean Township (Monmouth County)
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $1,530 a month ($18,360 a year) needs an income of about $61,200 a year.
The median renting household in Ocean Township (Monmouth County) earns $58,763 a year, less than that.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $94,284 (±$8,244) | $108,626 (±$8,568) | +15.2% | No measurable change after inflation |
| Median gross rent | $1,190 (±$23) | $1,530 (±$96) | +28.6% | No measurable change after inflation |
| Median home value | $431,600 (±$8,554) | $678,300 (±$17,260) | +57.2% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Ocean Township (Monmouth County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Ocean Township (Monmouth County) | — | $108,626 (±$8,568) | — |
| Interlaken Borough | 1.6 mi | $199,167 (±$27,343) | Higher |
| Deal Borough | 1.8 mi | $113,854 (±$28,067) | Not measurably different |
| Allenhurst Borough | 2.0 mi | $99,375 (±$19,607) | Not measurably different |
| Loch Arbour Village | 2.3 mi | $118,750 (±$58,518) | Not measurably different |
| West Long Branch Borough | 2.4 mi | $114,271 (±$22,176) | Not measurably different |
| Asbury Park | 2.5 mi | $75,544 (±$14,872) | Lower |
| Eatontown Borough | 2.8 mi | $90,463 (±$15,628) | Lower |
| Neptune Township | 3.0 mi | $101,017 (±$6,825) | Not measurably different |
Nearby places with a measurably lower figure: Asbury Park, NJ ($75,544), Eatontown Borough, NJ ($90,463).
Nearby places with a measurably higher figure: Interlaken Borough, NJ ($199,167).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Monmouth County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 29 | Union Beach Borough | $119,250 (±$14,204) |
| 30 | Loch Arbour Village | $118,750 (±$58,518) |
| 31 | Tinton Falls Borough | $117,308 (±$15,793) |
| 32 | West Long Branch Borough | $114,271 (±$22,176) |
| 33 | Deal Borough | $113,854 (±$28,067) |
| 34 | Roosevelt Borough | $110,000 (±$19,821) |
| 35 | Ocean Township (Monmouth County) | $108,626 (±$8,568) |
| 36 | Spring Lake Heights Borough | $106,758 (±$16,636) |
| 37 | Neptune Township | $101,017 (±$6,825) |
| 38 | Allenhurst Borough | $99,375 (±$19,607) |
| 39 | Red Bank Borough | $97,477 (±$12,660) |
| 40 | Bradley Beach Borough | $97,005 (±$35,418) |
| 41 | Belmar Borough | $93,573 (±$12,493) |
Showing 13 of 53 places in Monmouth County, ranked from highest to lowest.
The figures for Ocean Township (Monmouth County) include the places inside it that have pages of their own: Oakhurst, Wanamassa.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Ocean Township (Monmouth County)
What is the median household income in Ocean Township (Monmouth County)?
The median household income in Ocean Township (Monmouth County) is $108,626 (±$8,568) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Ocean Township (Monmouth County)?
About $61,200 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,530 a month.
Have incomes in Ocean Township (Monmouth County) kept up with inflation?
In Ocean Township (Monmouth County), the median household income went from $94,284 in 2015–2019 to $108,626 in 2020–2024 (+15.2%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Ocean Township (Monmouth County)?
The median renting household in Ocean Township (Monmouth County), NJ earns $58,763 (±$13,039) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Ocean township, Monmouth County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Ocean township, Monmouth County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Ocean township, Monmouth County, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Ocean township, Monmouth County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Ocean township, Monmouth County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Ocean township, Monmouth County, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Ocean township, Monmouth County, New Jersey (county subdivision:54270, in state:34 county:025).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Home values in Ocean Township (Monmouth County)
- Homeowner costs in Ocean Township (Monmouth County)
- Property taxes in Ocean Township (Monmouth County)
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- Population growth in Ocean Township (Monmouth County)
- How long people stay in Ocean Township (Monmouth County)
- Crowding and facilities in Ocean Township (Monmouth County)
- Fair Market Rent in Ocean Township (Monmouth County)
- New Jersey landlord and tenant rules
- Housing across Monmouth County
- New Jersey places ranked by median household income
- Housing data for every place in New Jersey