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Naval Weapons Station Earle

Cost of Living

Colts Neck, NJ area prices are higher than the U.S. National Average. The total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 29.1% higher than the U.S. average and 7.8% lower than the average for New Jersey (#5 of the Top 5 US States with a high cost of living). according to the 2022 Census, the median household income for Colts Neck residents is $187,969 and the number of persons living in poverty is 2.7%.

The cost of living in Colts Neck is 29% more expensive than the national average and 8% more expensive to live in than the average city in New Jersey. Housing costs are especially high, with the average cost for housing is $961,900 which is 184.5% more expensive than the national average of $338,100 and 122.6% more expensive than the average New Jersey home. The average monthly rent for a a two-bedroom unit in Colts Neck costs $2,330 per month, which is 62.9% more than the national average of $1,430 and 26.6% more than the state average of $1,710. Overall, the cost of food, housing, healthcare and transportation are much higher than the United States national average.

Information Sources:

US Census