Elmer, NJ vs Port Monmouth, NJ

Elmer is moderately more affordable than Port Monmouth, with a 6.9% lower cost of living index. Elmer scores 102 compared to 110 for Port Monmouth, where the US average is 100. This difference means residents of Port Monmouth can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Elmer is $1,627/month compared to $1,169/month in Port Monmouth — a 39% difference. Interestingly, home values tell a different story: while Port Monmouth has cheaper rent, Elmer actually has lower median home values ($206,300 vs $423,600).

Median household income in Elmer is $92,757 compared to $106,677 in Port Monmouth (-13%). While Port Monmouth is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Elmer spend roughly 21% of their income on rent, more than the 13.1% in Port Monmouth.