Pine Lake Park, NJ vs Port Monmouth, NJ

Port Monmouth is moderately more affordable than Pine Lake Park, with a 13.6% lower cost of living index. Pine Lake Park scores 124 compared to 110 for Port Monmouth, where the US average is 100. This difference means residents of Pine Lake Park can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Pine Lake Park is $1,785/month compared to $1,169/month in Port Monmouth — a 53% difference. Interestingly, home values tell a different story: while Port Monmouth has cheaper rent, Pine Lake Park actually has lower median home values ($377,200 vs $423,600).

Median household income in Pine Lake Park is $87,998 compared to $106,677 in Port Monmouth (-17.5%). Port Monmouth offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Pine Lake Park spend roughly 24.3% of their income on rent, more than the 13.1% in Port Monmouth.