The 5 Most Affordable Places to Live In New Jersey

Jamie Ayers


Jamie Ayers

October 22nd, 2021
Updated October 22nd, 2021


Finding the most affordable places to live in New Jersey is challenging even if you're a native. State-wide, New Jersey has a median home value of $446,600. When you add in maintenance costs and property taxes, it can be difficult for many to buy and own a home. Because of that, we scoured the data to find the most affordable cities in New Jersey, looking at median home prices, cost of living, and other factors to find your best options.

Looking for the most affordable places in New Jersey is a start, but you'll save even more money by working with a great agent. The top New Jersey real estate agents know the local market and where to find pockets of more affordable homes. They can also help negotiate a better price when you do find your dream home.

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Ready to learn more about the most affordable places in New Jersey? These are our top picks.

1. Audubon

At first glance, Audubon might not seem like an inexpensive place to live. It gets a cost of living score of 111 — 11% above the U.S. average at 100. However, median home prices are lower, at only $210,900 as compared to $327,700 for the rest of the state.

The real advantage, however, is the median income. At $77,066, it’s 39% higher than the U.S. average. This is more than enough to cover the extra cost of living expenses and still make your paycheck stretch farther.

Audubon itself has a ton of amenities available to its residents. On the off chance that you can’t find something to do, Philadelphia is a quick 20-minute car ride away.

2. Pleasantville

Who wouldn’t love to live in a place called Pleasantville? It must be quite...pleasant.

In reality, New Jersey’s Pleasantville is a great spot to live — close to the famous Atlantic City. You can live close enough to go enjoy the myriad of shows, events, and casinos without paying the high cost of living associated with the city.

Pleasantville scores a mere 108 on the cost of living index and the median home value is a modest $157,900. Interestingly, though home values are 15% lower than the national average, rent prices are 22% higher. Thus, you should definitely consider purchasing a home if you want to move to Pleasantville — or think about buying an investment property in the area.

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3. Berlin

Looking for a small town atmosphere that’s great for raising a family? Check out the tiny town of Berlin, NJ. With less than 8,000 residents, you’ll start getting to know folks pretty quickly.

The cost of living index is 114, less than New Jersey’s index of 125. Median home prices are accessible at only $230,500. Top that off with a median income of $87,697 (50% higher than the U.S. average) and you have a place to live that won’t destroy your paycheck each week.

If you get tired of the small town vibe or just need a day in the city, Philadelphia is a mere 30-minutes away by car. It’s even close enough to work in Philadelphia if you can’t find the job you’re looking for in such a small town.

4. Rahway

Rahway is a pleasant community not too far outside of New York. It’s a small town but there is plenty to do, including lots of family-friendly activities. The Union County Performing Arts Center alone offers concerts, plays, musicals, independent films and more that residents can check out.

The cost of living index is slightly lower than New Jersey as a whole at 120. Even though the index is 20% higher than the U.S. average, so is the median income — making it a wash. Median home values hover at an affordable $265,300.

If you don’t mind the commute, you could even opt to live in Rahway while working in NYC or Manhattan. Rahway is only about 15 miles from Manhattan, but the traffic can slow your commute down considerably.

» FIND: Top Real Estate Agents in New Jersey

5. Trenton

If city living is for you, Trenton is a great option for keeping your cost of living down. Even as New Jersey’s capital city, the median home price is very affordable at only $100,000. The cost of living index is also desirable at only 97 — 3% lower than the U.S. average.

There is plenty to do and see and history buffs, in particular, will enjoy the city. Not only are there several museums and memorials but also you can see the only original barracks from the French and Indian war that still exist in the U.S.

There are lots of amenities that you can take advantage of in the city. Plus, even though the median household income is only $34,412 there are plenty of opportunities for higher paying jobs.

How to find affordable homes in New Jersey

Whether you want to live in a bustling New Jersey metro area or a tranquil small town, there's plenty to love in New Jersey. Working with a local real estate agent is the best way to find the most affordable places to live in New Jersey.

Ready to start house hunting? Clever is a free service that can match you with the best realtors in New Jersey. And, when you buy with a Clever partner agent, you could get 0.5% of your purchase price back as a check after closing. On a $300,000 home, that's an extra $1,500 back in your pocket. That's real money!

👋 Next steps: Talk to an expert

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