Stretched

What Salary Do You Need to Live in Asbury Park?

To afford a 2-bedroom in Asbury Park, you need to earn at least $74,880/year based on estimated fair market rent data. The median household income here is $63,461, which means the typical resident is $11,419 below the threshold.

Census ACS Data Pop. 15,245

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,310	$4,367	$52,400	$-11,061
1 Bedroom	$1,554	$5,180	$62,160	$-1,301
2 Bedroom BENCHMARK	$1,872	$6,240	$74,880	+$11,419
3 Bedroom	$2,284	$7,613	$91,360	+$27,899
4 Bedroom	$2,808	$9,360	$112,320	+$48,859

Affordability Breakdown

Where the required salary line crosses above Asbury Park's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$63,461

Annual household

2BR Required Salary

$74,880

Under 30% rule

Income Gap

-$11,419

Deficit

Verdict

Stretched

Ratio: 35.4%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Asbury Park

Your Annual Salary

Pre-filled with Asbury Park's median household income

Max monthly rent you can afford$1,587

Studio

$1,310/mo

1 BR

$1,554/mo

2 BR

$1,872/mo

3 BR

$2,284/mo

4 BR

$2,808/mo

Your salary is $0 above the median income in Asbury Park.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Asbury Park's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Asbury Park

Asbury Park's rental market puts real pressure on median earners. A 2-bedroom at $1,872/month requires $74,880/year — about $11,419 more than the median household income. Roommates or dual incomes significantly change the equation.

If you're relocating to Asbury Park, target the studio or 1-bedroom tier ($1,310–$1,554/month) unless your income exceeds $74,880. A roommate splitting a 2-bedroom effectively halves the individual rent burden to $936/month.

The break-even salary for comfortable living in Asbury Park is approximately $112,320. Below this threshold, expect housing to consume a disproportionate share of your budget, limiting discretionary spending and savings capacity.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Asbury Park, New Jersey.

With a total population of 15,245, the city supports an active civilian workforce of 8,716 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $74,880 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

8,716

Active civilian employees in Asbury Park

Frequently Asked Questions About Renting in Asbury Park

What salary do I need to live in Asbury Park, New Jersey?

To afford a 2-bedroom in Asbury Park under the 30% rule, you need an annual salary of at least $74,880. The median household income in Asbury Park is $63,461.

Can I afford a 2-bedroom in Asbury Park on $63,461?

The affordability verdict for Asbury Park is "Stretched". The rent-to-income ratio is 35.4%, meaning there's a $11,419 income gap.

What is the average rent in Asbury Park compared to median income?

The median gross rent in Asbury Park is $1,554/month. With a median household income of $63,461, residents spend approximately 35.4% of their income on rent.

What salary do I need for a studio in Asbury Park?

A studio in Asbury Park rents for approximately $1,310/month. Under the 30% rule, you need an annual salary of $52,400 to afford this.

Is Asbury Park considered an affordable place to live?

Based on the deficit of $11,419 and an affordability verdict of "Stretched", Asbury Park is considered a stretched rental market when comparing the required 2-bedroom salary of $74,880 to the local median household income.

How Asbury Park Compares

Other cities in New Jersey with salary requirements