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Cost of Living in Rahway, NJ

Population 30,109 · Census ACS 2020–2024 5-year estimates

Median rent$1,845
Median home value$386,400
Median household income$91,461

The median rent in Rahway, NJ is $1,845/month, 7% higher than the New Jersey median and 31% higher than the U.S. median. The median home value is $386,400, 16% higher than the national median. Households earn a median of $91,461 a year, 12% lower than the state median.

Affordability

Rent as a share of median income: 24.2%
Income needed for median rent (30% rule): $73,800/yr
Home price-to-income ratio: 4.2×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,954/mo

Run your own numbers: mortgage calculator · hourly to salary

Rahway vs. New Jersey vs. U.S.

RahwayNew JerseyU.S.
Median rent$1,845$1,720$1,413
Median home value$386,400$454,400$332,700
Median household income$91,461$103,556$80,734
Homeownership rate51.5%63.8%65.2%
Bachelor's degree or higher34.1%43.6%35.7%
Poverty rate9.5%9.7%12.5%
Unemployment rate7.3%6.3%5.2%
Work from home17.0%16.8%15.1%
Median age39.740.138.9

FAQ

What is the average rent in Rahway, NJ?

The median gross rent in Rahway, NJ is $1,845 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $73,800 a year in gross income.

Is Rahway, NJ expensive to live in?

Rent there is 31% higher than the U.S. median, and the median home costs about 4.2 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

Atascadero, CARent $1,854 · Income $91,429Hyattsville, MDRent $1,835 · Income $91,941Farmers Branch, TXRent $1,864 · Income $91,186Woodlawn CDP (Fairfax County), VARent $1,828 · Income $91,884West Melbourne, FLRent $1,845 · Income $92,986Marlborough, MARent $1,871 · Income $91,968

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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