Toms River, NJ

Above Avg · 121

New Jersey · Population 93,915 · Updated March 2026

$1,678
Median Rent / Month
$95,759
Median Income
$377,800
Median Home Value
$1,774
Owner Costs / Month

Affordability

How far your income goes in Toms River

21.0%
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

$20,136
Annual Rent
$10,294
State Income Tax
$8,425
Property Tax (est.)

Cost of Living Overview

Toms River has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 121 (where 100 equals the national median), Toms River residents can expect to pay median rent of $1,678/month while earning a median household income of $95,759/year.

The median home value in Toms River, NJ is $377,800, with typical monthly owner costs around $1,774 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.0% 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 Toms River.

Frequently Asked Questions

Common questions about living costs in Toms River

What is the cost of living in Toms River, NJ?
The cost of living index in Toms River, NJ is 121 (US average = 100). Median monthly rent is $1,678, median household income is $95,759/year, and the median home value is $377,800.
Is Toms River, NJ affordable?
No, Toms River is more expensive than the national average with a cost index of 121. The rent-to-income ratio is 21.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Toms River, NJ?
The median gross rent in Toms River, NJ is $1,678 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,136.
What is the median household income in Toms River?
The median household income in Toms River, NJ is $95,759 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%.