How much rent can you afford in Asbury Park, NJ?
Run your salary against Asbury Park's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Asbury Park
At a median rent of $2,872/mo, Asbury Park is stretched for most renters when measured against Asbury Park median household income of $75,544/yr. Rent would consume roughly 46% of pre-tax income, and a salary of about $114,880 keeps rent at the recommended 30% threshold.
How Asbury Park compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Asbury Park?
On a $75,544 salary (the Asbury Park median household income), the recommended ceiling is 30% of pre-tax income, or about $1,889/mo. Asbury Park's median rent is $2,872/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Asbury Park?
To keep Asbury Park's $2,872/mo median rent under 30% of income, you'd need about $114,880/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Asbury Park affordable on the median New Jersey income?
Asbury Park is stretched for most renters on a $75,544 income. Rent would take 46% of pre-tax pay, outside the recommended 30% threshold.
What's the 30% rent rule?
The 30% rule is a long-standing budgeting guideline that keeps rent at or below 30% of gross (pre-tax) income. It leaves enough room for utilities, transit, savings, and debt service. In high-cost markets, many renters exceed 30%, and the Census Bureau classifies households paying more than 30% of income on rent as "cost-burdened".