Average Heating Bill in New Jersey → Monmouth County
$449/mo
$2,692/year
$1.35/sq ft (oil heat, 2,000 sq ft home)
↓ Oil prices are down 8.8% 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 | $1,005 | $167 |
| Heat Pump | $0.23/kWh | $23 | $1,540 | $257 |
| Heating Oil | $4.65/gallon | $40 | $2,692 | $449 |
| Electric Baseboard | $0.23/kWh | $68 | $4,620 | $770 |
Cheapest option for this area
Natural Gas
$1,005/year estimated — saving $1,687/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 2026-06-02.
Track price drops and predict your next delivery with the HomeHeat app.
Get HomeHeat Free →Free app for iPhone. No hardware. No ads.
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: $4.65/gal · 3 suppliers reporting prices
Compare Monmouth County Suppliers →