Monmouth Beach, NJ vs Smithville, NJ

The cost of living difference between Monmouth Beach, NJ and Smithville, NJ is dramatic. Smithville is 77.6% cheaper than Monmouth Beach, a gap that translates to thousands of dollars per year in household expenses. Monmouth Beach has a cost index of 180 while Smithville sits at 102, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Monmouth Beach is $2,169/month compared to $1,477/month in Smithville — a 47% difference. Home values follow the same pattern: Smithville is more affordable at $270,600 median vs $918,100.

Median household income in Monmouth Beach is $140,074 compared to $72,875 in Smithville (+92.2%). While Monmouth Beach is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Monmouth Beach spend roughly 18.6% of their income on rent, less than the 24.3% in Smithville.