Where Are People Moving in Monmouth, NJ?
IRS county-to-county migration, 2023 tax year (released about two years after the tax year it covers).
People moving in
11,744
People moving out
12,858
Net migration
-478
Monmouth, NJ is a net loser of residents. In the latest IRS data (2023 tax year), 11,744 people moved in and 12,858 moved out, for a net loss of -478. Net outflows can soften local rent and price growth over time, though the cause matters as much as the number.
Migration is most useful read alongside the rest of the market. People move for jobs, affordability, climate, and lifestyle, and where they come from and go to says a lot about what a county is competing on. Below are the specific counties driving Monmouth, NJ’s flows in each direction.
Top counties people moved to Monmouth, NJ from
| Origin county | Returns | People |
|---|---|---|
| Ocean, NJNew Jersey | 2,276 | 4,088 |
| Middlesex, NJNew Jersey | 1,907 | 3,282 |
| Hudson, NJNew Jersey | 841 | 1,370 |
| Richmond, NYNew York | 829 | 1,663 |
| Kings, NYNew York | 785 | 1,585 |
| Union, NJNew Jersey | 503 | 844 |
| New York, NYNew York | 459 | 670 |
| Bergen, NJNew Jersey | 370 | 600 |
| Essex, NJNew Jersey | 336 | 522 |
| Somerset, NJNew Jersey | 305 | 471 |
Top counties people left Monmouth, NJ for
| Destination county | Returns | People |
|---|---|---|
| Ocean, NJNew Jersey | 2,845 | 4,657 |
| Middlesex, NJNew Jersey | 1,504 | 2,339 |
| New York, NYNew York | 734 | 823 |
| Hudson, NJNew Jersey | 663 | 789 |
| Kings, NYNew York | 343 | 515 |
| Palm Beach, FLFlorida | 339 | 558 |
| Burlington, NJNew Jersey | 334 | 527 |
| Union, NJNew Jersey | 300 | 446 |
| Mercer, NJNew Jersey | 290 | 441 |
| Philadelphia, PAPennsylvania | 224 | 253 |
“Returns” counts tax returns (a household proxy) that moved along each flow; “People” counts the individuals on those returns, when reported. IRS aggregate and foreign pseudo-rows are excluded. Informational only, not financial advice.
Frequently asked questions
Are people moving to Monmouth, NJ or leaving?
Monmouth, NJ had a net loss of -478 residents in the latest IRS data (2023 tax year), with 11,744 people moving in and 12,858 moving out. Net migration is inflow minus outflow.
Where are people moving to Monmouth, NJ from?
The largest sources of new Monmouth, NJ residents are Ocean, NJ, Middlesex, NJ, Hudson, NJ. The full top-ten list of origin counties is in the table above.
Where do people leaving Monmouth, NJ go?
People leaving Monmouth, NJ most often move to Ocean, NJ, Middlesex, NJ, New York, NY. The full top-ten list of destination counties is in the table above.
What does Monmouth, NJ migration mean for housing?
Migration is a leading demand signal. Sustained net inflows tend to support rents and home prices when supply cannot keep up, while net outflows can soften them. Read this alongside Monmouth, NJ's price forecast, building permits, and affordability on the full county dashboard before drawing a conclusion.
How current is this Monmouth, NJ migration data?
It comes from IRS Statistics of Income county-to-county migration data, which is released about two years after the tax year it covers; the figures above reflect the 2023 tax year. That lag is normal for this dataset, which counts actual tax returns rather than survey estimates.