Avenel, NJ

Above Avg · 123

New Jersey · Population 17,143 · Updated March 2026

$1,839
Median Rent / Month
$95,935
Median Income
$351,200
Median Home Value
$1,807
Owner Costs / Month

Affordability

How far your income goes in Avenel

23.0%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in New Jersey

State-level tax rates that affect your costs

10.75%
Income Tax (Top Rate)
6.625%
Sales Tax
2.23%
Property Tax Rate

Estimated Annual Costs

$22,068
Annual Rent
$10,313
State Income Tax
$7,832
Property Tax (est.)

Cost of Living Overview

Avenel has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 123 (where 100 equals the national median), Avenel residents can expect to pay median rent of $1,839/month while earning a median household income of $95,935/year.

The median home value in Avenel, NJ is $351,200, with typical monthly owner costs around $1,807 including mortgage, insurance, and taxes. The median rent-to-income ratio of 23.0% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

New Jersey's top income tax rate of 10.75% is among the highest in the nation, adding to the overall cost burden. Combined with a 6.625% sales tax rate and 2.23% effective property tax rate, the overall tax environment is a factor in the total cost of living in Avenel.

Frequently Asked Questions

Common questions about living costs in Avenel

What is the cost of living in Avenel, NJ?
The cost of living index in Avenel, NJ is 123 (US average = 100). Median monthly rent is $1,839, median household income is $95,935/year, and the median home value is $351,200.
Is Avenel, NJ affordable?
No, Avenel is more expensive than the national average with a cost index of 123. The rent-to-income ratio is 23.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Avenel, NJ?
The median gross rent in Avenel, NJ is $1,839 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $22,068.
What is the median household income in Avenel?
The median household income in Avenel, NJ is $95,935 per year. This compares to the national median of approximately $80,000.
What are the taxes like in New Jersey?
New Jersey has a top income tax rate of 10.75%, a sales tax of 6.625%, and an effective property tax rate of 2.23%.