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The overall cost of living in Clayton is much cheaper than most of New Jersey, especially in terms of housing. If you wish to report an issue or seek an accommodation, please let us know. If you’re looking at the cost of living numbers in New Jersey, this is an accurate list of the most affordable places to live in New Jersey for 2022. Other dollar-saving cities in New Jersey include Stratford and Barrington. All in all, these cities on our list have one thing in common, which is their ability to give you great savings on rent.
If you're looking for a home in New Jersey within a certain budget, we have a fantastic range of cheap homes for sale. Let us find you a cheap home in New Jersey, and you'll benefit from a smaller down payment and less expensive monthly installments. Despite having some of the most expensive housing on this list, Berlin ranks as the seventh cheapest city in New Jersey. The median rent in Berlin is $1,313, which is the highest you’ll see on this list. However, that’s still about 70% cheaper than the average rent in New Jersey.
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The overall cost of living is 20% lower than the state average and housing prices are about as low as you’ll find in the Garden State. Pine Hill has the eighth cheapest homes and 12th cheapest rent anywhere in new jersey. The median home price in Pine Hill is $135,000, while you can find a place to rent for just $1,014.
Millville is a city in Cumberland County, New Jersey, United States. A suburb of Philadelphia, located about 20 miles southeast and across the river, is Pine Hill our eighth cheapest place to live in new jersey for 2022. Some the main attractions in town include great parks and a wonderful golf course – Pine Valley Golf Club. For those who like to take in a museum or two, Philadelphia is less than 30 minutes away for a day trip with the family. You may end up landing your dream job, but the income might not be what it takes to live near the job.
Browse Cheap Homes For Sale by city in Cumberland County, NJ
When you click through real estate links on our site, we earn an affiliate commission. Create an account to save and share your favorite homes and searches. Cheap apartments tend to be more competitive because no one wants to spend more than they have to on rent. Do your homework, prepare all the paperwork before going to the showings and be sure to make a professional first impression. We use data, analytics, and a sense of humor to determine quality of life for places across the nation.
Buying a home in Barrington will set you back $189,400, but residents also earn a median income of $78,708, so you’ll be able to pay off that mortgage before the new-house smell has time to wear off. If you’re into fishing, you can cut down on your entertainment and grocery budget by casting your line out at the nearby Haddon Lake. We looked at several factors to create our top ten list, which included income to rent/house price ratios. This way, you will know where the cost of living is the lowest so your income will go the farthest. For example, if the median household earns $100,000 and spends $40,000 on housing it’s actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000.
Reservoir Rd, Lake Hopatcong, NJ 07849
Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. There are active homes for sale in the state of New Jersey.
Berlin residents also earn enough to easily cover their housing, with a median income of $96,065. If you’re buying in Berlin, the median home price is $238,300, which may seem steep, but still represents the 13th lowest home price to income ratio in New Jersey. The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.
Rent in Somerdale is slightly cheaper than the top two cities on this list at $895, but taken as a proportion of income, renting in Somerdale is less cost effective than buying. Hiking at Kirkwood Lake is free, so nature-lovers won’t have to break out their wallets to have a good time in Somerdale. Haddon Heights is the ninth cheapest place in New Jersey and the only place on this list to get a perfect 10/10 on our overall Snackability score.
Read on to learn how we crunched the numbers and to see how your favorite city in New Jersey stacked up on the affordability ranking. New Jersey is also close to major urban centers, especially New York City. If you want to work and spend your weekends enjoying the New York City high-life, but don’t want to spend a killing on rent, then New Jersey will soon be called your home.
The median rent in Clayton is $963 – 22% cheaper than the New Jersey average. Searching cheap houses for sale in Jersey Shore, NJ has never been easier on PropertyShark! Searching cheap houses for sale in New Jersey has never been easier on PropertyShark! Audubon is another Philadelphia suburb that won’t break the wallet, let alone the bank.
We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, pleaselet us know. Clayton also has incredibly safe streets, which has contributed to a significant increase in property values in recent years.
While rent in New Jersey may be 20% more than the national average, you wouldn’t know it in Haddon Heights, where the median rent is $1,095, less than half the statewide average. With residents earning a median income of $97,955, Haddon Heights has the 15th best rent to income ratio in the state. At $284,300, Haddon Heights has the most expensive median home price on this list, but because of the high median income, it’s still fairly affordable to buy here.
The county in New Jersey with the lowest cost of living is Salem County. The average living wage in Salem County is $100,920 according to MIT data. Salem County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to New Jersey as a whole. Childcare costs $18,832 a year in Salem County for two children compared to the New Jersey average of $24,713. Housing costs, defined as a blend of the average rent and average mortgage payment, are $15,120 per year in Salem County compared to $19,486 on average in New Jersey. When it comes to cost of living, it’s hard to beat Pine Hill.
You might spend more on housing, but you have more money overall to play with. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSListings Inc. The viewer acknowledges ownership and validity of its copyright. Information provided is for personal, non-commercial use by a viewer with a bona fide interest in the purchase or sale of real estate of the type being offered via this website or other electronic means. The viewer is prohibited from copying, redistributing or retransmitting any of the data or information provided by MLSListing, Inc.
But the huge advantage of buying a cheap old house is, of course, the low price tag! So even if the interior needs a lot of work, or the exterior could do with significant modernization, you'll have the money to invest. If you're after a bargain old house to flip, or you want to renovate one and live in it yourself, take a look at your options in New Jersey. Zillow Group is committed to ensuring digital accessibility for individuals with disabilities.
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