Cost of Living in Renaissance at Monroe, NJ

With a cost of living index of 118, Renaissance at Monroe, NJ is a notably expensive place to live. Living here is 18% more expensive than the national average and 9% below the New Jersey state average of 128. Renaissance at Monroe is a small community of 643 residents.

The median household income in Renaissance at Monroe is $99,615, which is 33% higher than the national median of $75,149. While incomes are above average, they more than offset the higher cost of living.

Everyday prices in the New York-Newark-Jersey City, NY-NJ (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 6 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.