Avenel, NJ vs Belmar, NJ

There is a significant gap in the cost of living between these two cities. Avenel is 21.6% cheaper than Belmar. With a cost index of 124 vs 158, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Avenel to Belmar should plan for substantially higher expenses across most categories.

On the housing front, median rent in Avenel is $1,839/month compared to $1,832/month in Belmar — a 0% difference. Interestingly, home values tell a different story: while Belmar has cheaper rent, Avenel actually has lower median home values ($351,200 vs $771,400).

Median household income in Avenel is $95,935 compared to $92,859 in Belmar (+3.3%). Avenel offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Avenel spend roughly 23% of their income on rent, less than the 23.7% in Belmar.