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Cost of Living in Woodbridge, NJ

Population 20,756 · Census ACS 2020–2024 5-year estimates

Median rent$2,091
Median home value$390,000
Median household income$104,926

The median rent in Woodbridge, NJ is $2,091/month, 22% higher than the New Jersey median and 48% higher than the U.S. median. The median home value is $390,000, 17% higher than the national median. Households earn a median of $104,926 a year, about the same as the state median.

Affordability

Rent as a share of median income: 23.9%
Income needed for median rent (30% rule): $83,640/yr
Home price-to-income ratio: 3.7×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,972/mo

Run your own numbers: mortgage calculator · hourly to salary

Woodbridge vs. New Jersey vs. U.S.

WoodbridgeNew JerseyU.S.
Median rent$2,091$1,720$1,413
Median home value$390,000$454,400$332,700
Median household income$104,926$103,556$80,734
Homeownership rate52.6%63.8%65.2%
Bachelor's degree or higher36.2%43.6%35.7%
Poverty rate11.1%9.7%12.5%
Unemployment rate5.1%6.3%5.2%
Work from home13.4%16.8%15.1%
Median age38.640.138.9

FAQ

What is the average rent in Woodbridge, NJ?

The median gross rent in Woodbridge, NJ is $2,091 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $83,640 a year in gross income.

Is Woodbridge, NJ expensive to live in?

Rent there is 48% higher than the U.S. median, and the median home costs about 3.7 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

Vineyard, CARent $2,090 · Income $105,313Woodbridge, VARent $2,101 · Income $104,741Duarte, CARent $2,105 · Income $105,483Anna, TXRent $2,105 · Income $105,593Bay Shore, NYRent $2,063 · Income $105,618Five Corners, WARent $2,111 · Income $106,192

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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