10 Cheapest Places To Live In New Jersey For 2019


We used data and science to determine which places in New Jersey go easy on your wallet.

Editor’s Note: We updated this article for 2019. This is our fourth time ranking the cheapest places to live in New Jersey.

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You may end up landing your dream job, but the income might not be what it takes to live near the job. What do you do? Reduce your cost of living, of course.

Every state has affordable areas, but New Jersey is one that offers some substantially cheaper cities than some of the surrounding states, ahem, New York.

But what is good about Jersey? It is actually a great place to start your career…and your savings account.

New Jersey is known for its food. Specifically, this Garden State has some amazing blueberries and corn. If fresh produce isn’t your thing, don’t worry because New Jersey is also known as the Diner Capital of the World. You can start your day with a nice coffee and a bagel.

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.

Interested yet? We know we love a good “Taylor Ham” pork roll on the way to NYC.

We looked at several factors to create our top 10 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.

What’s the cheapest place to live in New Jersey? Topping our list comes Audubon, a city right over the Pennsylvania-New Jersey border near Philly. You can live in New Jersey and work in Philadelphia: a great option for both your career and your savings.

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… or even houses.

Interested to learn more about our methodology? 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.

And if you already knew these places were cheap, check out some more reading about New Jersey and the cheapest places in the country:

The 10 Cheapest Places To Live In New Jersey For 2019

Audubon, NJ

Source: Public domain
Overall SnackAbility

6
/10

Population: 8,736
Rank Last Year: 2 (Up 1)
Home Price To Income Ratio: 2.6x (7th most affordable)
Income To Rent Ratio: 87.1x (12th cheapest)
More On Audubon: Homes For Sale | Data | Photos

The median income in Audubon comes in at $80,925 and the median home value is $208,800 for 2019.

Stratford, NJ

Source: Public domain
Overall SnackAbility

7
/10

Population: 7,019
Rank Last Year: 1 (Down 1)
Home Price To Income Ratio: 2.5x (3rd most affordable)
Income To Rent Ratio: 77.2x (31st cheapest)
More On Stratford: Homes For Sale | Data

The median income in Stratford comes in at $72,955 and the median home value is $181,700 for 2019.

Barrington, NJ

Overall SnackAbility

6
/10

Population: 6,811
Rank Last Year: 7 (Up 4)
Home Price To Income Ratio: 2.8x (14th most affordable)
Income To Rent Ratio: 80.1x (22nd cheapest)
More On Barrington: Homes For Sale | Data | Photos

The median income in Barrington comes in at $72,602 and the median home value is $203,500 for 2019.

Somerdale, NJ

Overall SnackAbility

8
/10

Population: 5,417
Rank Last Year: 5 (Up 1)
Home Price To Income Ratio: 2.7x (8th most affordable)
Income To Rent Ratio: 68.1x (44th cheapest)
More On Somerdale: Homes For Sale | Data

The median income in Somerdale comes in at $61,964 and the median home value is $165,500 for 2019.

Runnemede, NJ

Source: Public domain
Overall SnackAbility

8
/10

Population: 8,391
Rank Last Year: 6 (Up 1)
Home Price To Income Ratio: 2.7x (11th most affordable)
Income To Rent Ratio: 68.3x (43rd cheapest)
More On Runnemede: Homes For Sale | Data | Photos

The median income in Runnemede comes in at $61,104 and the median home value is $167,700 for 2019.

Berlin, NJ

Source: Public domain
Overall SnackAbility

6
/10

Population: 7,612
Rank Last Year: 2 (Down 4)
Home Price To Income Ratio: 2.6x (6th most affordable)
Income To Rent Ratio: 77.7x (30th cheapest)
More On Berlin: Homes For Sale | Data | Photos

Berlin is a borough in Camden County, New Jersey, United States. As of the 2010 United States Census, the borough’s population was 7,588, reflecting an increase of 1,439 from the 6,149 counted in the 2000 Census, which had in turn increased by 477 from the 5,672 counted in the 1990 Census.

The median income in Berlin comes in at $90,354 and the median home value is $232,300 for 2019.

Pitman, NJ

Source: Public domain
Overall SnackAbility

9
/10

Population: 8,886
Rank Last Year: 4 (Down 3)
Home Price To Income Ratio: 2.5x (4th most affordable)
Income To Rent Ratio: 64.2x (58th cheapest)
More On Pitman: Homes For Sale | Data | Photos

Pitman is a borough in Gloucester County, New Jersey, United States. As of the 2010 United States Census, the borough’s population was 9,011, reflecting a decline of 320 from the 9,331 counted in the 2000 Census, which had in turn declined by 34 from the 9,365 counted in the 1990 Census. The borough was named for Rev. Charles Pitman, a Methodist minister.

The median income in Pitman comes in at $73,538 and the median home value is $183,900 for 2019.

Glassboro, NJ

Source: Public domain
Overall SnackAbility

8
/10

Population: 19,387
Rank Last Year: 8 (No Change)
Home Price To Income Ratio: 2.8x (13th most affordable)
Income To Rent Ratio: 65.3x (51st cheapest)
More On Glassboro: Homes For Sale | Data | Photos

Glassboro is a borough in Gloucester County, New Jersey, United States. As of the 2010 United States Census, the borough’s population was 18,579, reflecting a decline of 489 from the 19,068 counted in the 2000 Census, which had in turn increased by 3,454 over the 15,614 counted in the 1990 Census.

The median income in Glassboro comes in at $69,000 and the median home value is $191,800 for 2019.

Haddon Heights, NJ

Overall SnackAbility

10
/10

Population: 7,530
Rank Last Year: 10 (Up 1)
Home Price To Income Ratio: 3.1x (23rd most affordable)
Income To Rent Ratio: 101.0x (3rd cheapest)
More On Haddon Heights: Homes For Sale | Data | Photos

Haddon Heights is a borough in Camden County, New Jersey, United States. As of the 2010 United States Census, the borough’s population was 7,473, reflecting a decline of 74 from the 7,547 counted in the 2000 Census, which had in turn declined by 313 from the 7,860 counted in the 1990 Census.

The median income in Haddon Heights comes in at $90,387 and the median home value is $279,400 for 2019.

Jamesburg, NJ

Overall SnackAbility

8.5
/10

Population: 6,038
Rank Last Year: 28 (Up 18)
Home Price To Income Ratio: 3.2x (32nd most affordable)
Income To Rent Ratio: 79.2x (24th cheapest)
More On Jamesburg: Homes For Sale | Data | Photos

Jamesburg is a borough in Middlesex County, New Jersey, United States. As of the 2010 United States Census, the borough’s population was 5,915, reflecting a decline of 110 from the 6,025 counted in the 2000 Census, which had in turn increased by 731 from the 5,294 counted in the 1990 Census.

The median income in Jamesburg comes in at $83,095 and the median home value is $267,700 for 2019.

How We Determined The Most Affordable Places To Live In The Garden State For 2019

Map Of The Cheapest Places To Live In New Jersey
The two most important things to think about when it comes to being able to afford if you can live comes down to:

  1. How much do money do I make?
  2. How much do I have spend to live there?

You need to understand your costs in the context of how much money you make.

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. You might spend more on housing, but you have more money overall to play with.

With that example in mind, we derived several statistics from the latest Census American Community Survey 2013-2017 around incomes and costs. They are:

  • Median Home Price / Median Income (lower is better)
  • Median Income / Median Rent (Higher is better)
  • Median Home Price

We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).

You can then compare these metrics in each of the places in New Jersey to figure out which is the least expensive.

What you are left with is a “Cost of Living Index” by taking the average rank of each of these metrics for each city.

So we used that cost of living index in order to rank all of the 187 places in New Jersey that have more than 5,000 people.

The place with the lowest cost of living in New Jersey according to the data is Audubon.

There You Have It Mr. Or Mrs. New Jersey Cheapskate

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 2019.

Here’s a look at the most expensive cities in New Jersey according to the data:

  1. Englewood Cliffs
  2. Palisades Park
  3. Ridgefield

For more New Jersey reading, check out:

Where Are The Most Affordable Places To Live In New Jersey?

Rank City CheapScore Population Home/Income Ratio Income/Rent Ratio
1 Audubon 16.0 8,736 2.6x 87.1x
2 Stratford 17.67 7,019 2.5x 77.2x
3 Barrington 20.33 6,811 2.8x 80.1x
4 Somerdale 22.33 5,417 2.7x 68.1x
5 Runnemede 23.33 8,391 2.7x 68.3x
6 Berlin 23.67 7,612 2.6x 77.7x
7 Pitman 27.33 8,886 2.5x 64.2x
8 Glassboro 29.0 19,387 2.8x 65.3x
9 Haddon Heights 29.33 7,530 3.1x 101.0x
10 Jamesburg 36.33 6,038 3.2x 79.2x

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.