Can I Afford to Live in New Jersey?
New Jersey - NYC and Philly proximity with some of the best schools in the country. See median rent, home values, and the most affordable ZIP codes below.
Find ZIP Codes You Can Afford in New Jersey
Enter your salary to see neighborhoods in your budget.
🏠 To Buy in New Jersey
With median home value of $400,000, you'd typically need an income of at least $100,000/year and a down payment of $40,000 (10%).
🏘️ To Rent in New Jersey
With median rent of $1,600/month, you should earn at least $58K/year (30% rent-to-income rule). This is above the US median of $1,163/mo.
💰 Median Income
New Jersey residents earn a median household income of $89,703/year. Rent takes approximately 21% of median income.
Most Affordable ZIP Codes in New Jersey
Ranked by lowest median rent, minimum population 3,000+
FAQs: Living in New Jersey
What salary do I need to live comfortably in New Jersey?
To live comfortably in New Jersey, you'd want to earn at least $57,600/year to rent at the median price without being cost-burdened (spending more than 30% of income on housing). To buy at the median home price of $400,000, aim for a salary of $100,000+.
Is New Jersey expensive to live in?
New Jersey has a median rent of $1,600/month, which is above the US national median of $1,163. Cost varies significantly by city and neighborhood - the table above shows the most affordable ZIP codes in New Jersey.
What is the most affordable city in New Jersey?
The most affordable ZIP codes in New Jersey are ranked in the table above by median rent. Smaller cities and suburbs typically offer significantly lower costs than the major metro areas. Click any ZIP code to see its full neighborhood profile.