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New Jersey Cities: Cost of Living, Housing & Rankings

4 cities tracked in New Jersey — median home value is 10% above the national median; median rent is in line with the national median.

$358,400
Median Home Value
+10% vs national
$1,392/mo
Median Rent
+0% vs national
$59,939
Median Household Income
-17% vs national

Most Affordable to Buy

#CityValue
1Jersey City, NJ5.5× incomebalanced
2Elizabeth, NJ6.0× incomestretched
3Paterson, NJ6.0× incomestretched
4Newark, NJ6.7× incomestretched

Lowest Monthly Rent

#CityValue
1Newark, NJ$1,273/mo rent
2Elizabeth, NJ$1,390/mo rent
3Paterson, NJ$1,392/mo rent
4Jersey City, NJ$1,799/mo rent

Highest Median Household Income

#CityValue
1Jersey City, NJ$91,151 median income
2Elizabeth, NJ$59,939 median income
3Paterson, NJ$52,092 median income
4Newark, NJ$46,460 median income

All Cities in New Jersey

See population rankings & city comparisons in New Jersey →

CityPopulationMedian Home ValueLinks
Newark, NJ307,355$312,300Salary Needed
Jersey City, NJ287,899$500,100Salary Needed
Paterson, NJ157,864$314,100Salary Needed
Elizabeth, NJ135,665$358,400Salary Needed