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Cost of Living in Fair Lawn, NJ

Population 35,610 · Census ACS 2020–2024 5-year estimates

Median rent$1,917
Median home value$564,700
Median household income$144,574

The median rent in Fair Lawn, NJ is $1,917/month, 11% higher than the New Jersey median and 36% higher than the U.S. median. The median home value is $564,700, 70% higher than the national median. Households earn a median of $144,574 a year, 40% higher than the state median.

Affordability

Rent as a share of median income: 15.9%
Income needed for median rent (30% rule): $76,680/yr
Home price-to-income ratio: 3.9×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $2,855/mo

Run your own numbers: mortgage calculator · hourly to salary

Fair Lawn vs. New Jersey vs. U.S.

Fair LawnNew JerseyU.S.
Median rent$1,917$1,720$1,413
Median home value$564,700$454,400$332,700
Median household income$144,574$103,556$80,734
Homeownership rate78.1%63.8%65.2%
Bachelor's degree or higher63.3%43.6%35.7%
Poverty rate6.1%9.7%12.5%
Unemployment rate6.2%6.3%5.2%
Work from home20.2%16.8%15.1%
Median age39.140.138.9

FAQ

What is the average rent in Fair Lawn, NJ?

The median gross rent in Fair Lawn, NJ is $1,917 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $76,680 a year in gross income.

Is Fair Lawn, NJ expensive to live in?

Rent there is 36% higher than the U.S. median, and the median home costs about 3.9 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

Apex, NCRent $1,902 · Income $144,135Franklin Town, MARent $1,899 · Income $145,773Baldwin, NYRent $1,890 · Income $145,472Alpharetta, GARent $1,948 · Income $147,612Farragut, TNRent $1,966 · Income $142,093Castle Rock, CORent $2,000 · Income $145,197

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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