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Cost of Living in Englewood, NJ

Population 29,638 · Census ACS 2020–2024 5-year estimates

Median rent$1,977
Median home value$544,100
Median household income$102,571

The median rent in Englewood, NJ is $1,977/month, 15% higher than the New Jersey median and 40% higher than the U.S. median. The median home value is $544,100, 64% higher than the national median. Households earn a median of $102,571 a year, about the same as the state median.

Affordability

Rent as a share of median income: 23.1%
Income needed for median rent (30% rule): $79,080/yr
Home price-to-income ratio: 5.3×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $2,751/mo

Run your own numbers: mortgage calculator · hourly to salary

Englewood vs. New Jersey vs. U.S.

EnglewoodNew JerseyU.S.
Median rent$1,977$1,720$1,413
Median home value$544,100$454,400$332,700
Median household income$102,571$103,556$80,734
Homeownership rate54.5%63.8%65.2%
Bachelor's degree or higher46.5%43.6%35.7%
Poverty rate9.2%9.7%12.5%
Unemployment rate7.8%6.3%5.2%
Work from home17.5%16.8%15.1%
Median age41.540.138.9

FAQ

What is the average rent in Englewood, NJ?

The median gross rent in Englewood, NJ is $1,977 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Englewood, NJ?

Using the common 30% rule, renting a median-priced home takes about $79,080 a year in gross income.

Is Englewood, NJ expensive to live in?

Rent there is 40% higher than the U.S. median, and the median home costs about 5.3 times the median household income.

Other cities in New Jersey

Newark, NJRent $1,392 · Income $52,060Jersey City, NJRent $2,007 · Income $97,710Paterson, NJRent $1,548 · Income $55,997Elizabeth, NJRent $1,523 · Income $66,555Toms River, NJRent $1,731 · Income $100,137Trenton, NJRent $1,294 · Income $52,537

Cities with a similar cost of living

Oakland, CARent $1,979 · Income $101,600Cedar Hill, TXRent $1,993 · Income $101,909Montgomery, ILRent $1,984 · Income $103,734Goodyear, AZRent $1,956 · Income $103,319Weymouth Town, MARent $1,941 · Income $102,714Wildomar, CARent $2,003 · Income $103,506

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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