Average Heating Bill in New Jersey → Monmouth County
$462/mo
$2,773/year
$1.39/sq ft (oil heat, 2,000 sq ft home)
↑ Oil prices are up 3.0% over the past 6 weeks, which affects current heating bills. View price trends.
| Fuel | Local Price | Cost/MMBTU | Annual Cost | Monthly (Heating) |
|---|---|---|---|---|
| Natural Gas Cheapest | $1.37/therm | $15 | $1,004 | $167 |
| Heat Pump | $0.23/kWh | $23 | $1,564 | $261 |
| Heating Oil | $4.79/gallon | $41 | $2,773 | $462 |
| Electric Baseboard | $0.23/kWh | $69 | $4,692 | $782 |
Cheapest option for this area
Natural Gas
$1,004/year estimated — saving $1,769/year vs heating oil
Average monthly heating costs during the October–March season for a 2,000 sq ft home in Monmouth County:
Based on a 2,000 sq ft home with 85% oil furnace efficiency, COP 3.0 heat pump, NOAA 30-year normal heating degree days (4,868 HDD for Monmouth County), and current EIA state-average energy rates. Oil prices reflect local median from 3 tracked suppliers.
Data updated 2026-07-17.
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If you're staying with oil heat, compare local suppliers to find the best price. The spread in Monmouth County can be $0.50–$1.00/gallon.
Median: $4.79/gal · 3 suppliers reporting prices
Compare Monmouth County Suppliers →We'll email you when local heating oil prices drop to your target — no spam, only price drops.