With residents earning a median income of $95,230, Haddon Heights has the third best rent to income ratio in the state. The unemployment rate sits at 5.4%. 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. 24,504 single family homes for sale 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: You need to understand your costs in the context of how much money you make. Stratford. You can start your day with a nice coffee and a bagel. The unemployment rate sits at 9.0%. At a median price of $165,000, Runnemede has the second cheapest homes you'll see on this list. New Jersey is known for its food. 1. It’s known for being one of the best places to live in New Jersey … Berlin residents also earn enough to easily cover their housing, with a median income of $93,261. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. Greenville. Source: (Alexander Schimmeck / Unsplash) Personal finances. You can live in New Jersey and work in Philadelphia: a great option for both your career and your savings. Specifically, this Garden State has some amazing blueberries and corn. You can download the data here. Stratford also scored a 8/10 or higher on almost all of our Snackability scores, so it's an all-around great place to call home. Phillipsburg is the only place on this list NOT in Camden or Gloucester County and within a half hour of Philadelphia.eval(ez_write_tag([[300,250],'homesnacks_com-leader-3','ezslot_9',116,'0','0'])); The median household income in Phillipsburg comes in at $53,514 and the median home value is $135,300 for 2020. The unemployment rate sits at 7.8%. Sure, it’s worth … Audubon is another Philadelphia suburb that won't break the wallet, let alone the bank. If you want to live the high life in New Jersey without spending big bucks, there's few better than Stratford. Other dollar-saving cities in New Jersey include Stratford and Barrington. We looked at several factors to create our top ten list, which included income to rent/house price ratios. Beckett. Want to buy a beach house on the cheap? The most expensive states to buy a house in 2020 On the other end of the spectrum, the two most expensive states for housing prices are Hawaii ($516/square foot, $665,000) and California … © 2015-2020 Chasing Chains, LLC. However, Pitman does have the fourth best ratio of home price to income in the state, so we'd definitely recommend buying instead of renting if you want to take full advantage of the borough's affordability. Zillow has 37,793 homes for sale in New Jersey. AreaVibes used science and data to create a list of the best cities in New Jersey to buy a new home with a population over 5,000 people. 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. Find cheap homes and condos for sale, view real estate listing photos, compare properties, and more. At $1,164, the median rent in Glassboro is the second highest on this list and makes renting much less economical than buying, especially when considered as a proportion of income. Find cheap homes for sale, view cheap condos in New Jersey, view real estate listing photos, compare properties, … We aim to deliver bite-sized pieces of infotainment about where you live. Indianapolis, IN. 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. 1. More exposure and leads for agents and brokers. However, Audubon residents also earn slightly more, with a median income of $81,884. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. That gives Audubon the sixth best ratio of home price to income in New Jersey. Most Expensive Places To Live In New Jersey, Census American Community Survey 2014-2018, Download The Entire New Jersey Ranking Data, Median Home Price / Median Income (lower is better), Median Income / Median Rent (Higher is better). The Camden County borough has the second lowest ratio of home price to income in the state, so you won't feel like you're living in one of the most expensive states in America if you move to Stratford. Yet another Camden County suburb of Philadelphia, Runnemede is the seventh most affordable place in New Jersey. Methodology: In order to find the cheapest places to buy a home in every state, GOBankingRates looked at every city in each state with a population over 30,000 (10,000 in select … 6 CORPUS CRISTI BAY COURT, Jersey Shore, NJ 08087, 552 BARRETTS RUN ROAD, Bridgeton, NJ 08302, 27 E Edgewater Ave, Pleasantville, NJ 08232, 244 N BROAD STREET, Penns Grove, NJ 08069, 5 TWIN RIVERS DRIVE E, East Windsor Township, NJ 08520, 303 Hamilton Place BAS3, Hackensack, NJ 07601, 238 MOUNT HOLLY ROAD, Mount Holly, NJ 08060, 70 JAMESTOWN CIRCLE, Mays Landing, NJ 08330, 36 Pheasant Meadow 36, Smithville, NJ 08205. Annual property tax: $4,302. The unemployment rate sits at 8.3%.eval(ez_write_tag([[250,250],'homesnacks_com-medrectangle-4','ezslot_13',108,'0','0'])); Population: 8,660Rank Last Year: 1 (Down 1)Home Price To Income Ratio: 2.5x (6th most affordable)Income To Rent Ratio: 83.1x (20th cheapest)More On Audubon: Real Estate | Crime Rate | Cost Of Living. 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. Interested yet? A relatively high median rent of $958 gives Phillipsburg the worst income to rent ratio on this list, so definitely buy here if you want to take full advantage of the town's affordability. Population: 19,580Rank Last Year: 8 (Down 1)Home Price To Income Ratio: 2.7x (16th most affordable)Income To Rent Ratio: 61.8x (72nd cheapest)More On Glassboro: Real Estate | Crime Rate | Cost Of Living. You can find out more about him on LinkedIn or his website. Population: 6,741Rank Last Year: 3 (Down 1)Home Price To Income Ratio: 2.7x (11th most affordable)Income To Rent Ratio: 78.1x (30th cheapest)More On Barrington: Real Estate | Crime Rate | Cost Of Living. By Nikhita Mahtani. if(window.innerWidth < 700){ezoicSiteSpeed(jQuery(document), String(/documentReady/).substring(1).slice(0,-1), String(/jQuery-document-dot-ready/).substring(1).slice(0,-1), function($){$("#skip_expand").html("(Expand+)");$("#toc ul").css("display", "none");$("#skip_expand").on("click", function(){$("#toc ul").toggle()});$("#toc h3").on("click", function(){$("#toc ul").toggle()});});}. Another Camden County suburb of Philadelphia, Barrington ranks as the fourth cheapest place to live in New Jersey. In Vermont’s capital of Montpelier, the average cost of a house is $208,300. Apr 9, 2020 Alice Morgan. Having a picnic and watching the sun set over Big Timber Creek at Runnemede Lake Park is an always-accessible cheap option for a date night.eval(ez_write_tag([[336,280],'homesnacks_com-mobile-leaderboard-1','ezslot_16',113,'0','0'])); The median household income in Runnemede comes in at $61,859 and the median home value is $165,000 for 2020. The median household income in Barrington comes in at $75,720 and the median home value is $202,900 for 2020. The median home price in Pitman is $181,200 and the median income is $75,791. Perhaps the most significant thing to consider when whether or not you should buy a house in 2020 or wait until 2021 is … Stories, … 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. eval(ez_write_tag([[336,280],'homesnacks_com-box-3','ezslot_4',106,'0','0']));You may end up landing your dream job, but the income might not be what it takes to live near the job. ... Best Places To Buy A House In Pennsylvania; Worst Places To Live In Pennsylvania; The Most Affordable Places … or even houses. The unemployment rate sits at 3.7%. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Located in Gloucester County about a half hour south of Philadelphia, Pitman is the fifth most affordable place in New Jersey. The median household income in Somerdale comes in at $70,951 and the median home value is $168,800 for 2020. And if you already knew these places were cheap, check out some more reading about New Jersey and the cheapest places in the country: Population: 6,967Rank Last Year: 2 (Up 1)Home Price To Income Ratio: 2.3x (2nd most affordable)Income To Rent Ratio: 83.4x (19th cheapest)More On Stratford: Real Estate | Crime Rate | Cost Of Living. I noticed how the best places to buy investment property in New Jersey sprung from New York City demand spillover and the allure of beach properties. Interested to learn more about our methodology? Average temperature: 66.7 degrees. If there is one thing that everyone in New Jersey can agree on, it’s that the cost of housing is astronomical. All in all, these cities on our list have one thing in common, which is their ability to give you great savings on rent. And if you're still itching for a drink, you can always pick up a bottle (or six) at the local William Heritage Winery. The 10 Cheapest Places To Live In New Jersey For 2020. You can then compare these metrics in each of the places in New Jersey to figure out which is the least expensive. Overall SnackAbility. Median sales price: $80,000. Stratford is located a half hour southeast of Philadelphia. Glassboro is a half hour south of Philadelphia, in Gloucester County.eval(ez_write_tag([[250,250],'homesnacks_com-leader-4','ezslot_10',115,'0','0']));eval(ez_write_tag([[250,250],'homesnacks_com-leader-4','ezslot_11',115,'0','1'])); The median household income in Glassboro comes in at $71,962 and the median home value is $196,000 for 2020. What do you do? State capitals are typically one of the most expensive places to live in a state, but that’s not the case in Vermont. Haddon Heights is the eighth cheapest place in New Jersey and the only place on this list to get a perfect 10/10 on our overall Snackability score. The median rent in Berlin is $1,183, which is the highest you'll see on this list. The most affordable places to live in the U.S. are not the ritziest. 2020 Best Places to Buy a House in New Jersey. The 10 Cheapest Places To Live In Pennsylvania For 2020. With only 20,436 residents, Pleasantville is the smallest city on this list when it comes … Located in northwestern New Jersey, across the Delaware River from Pennsylvania, Phillipsburg ranks as the tenth most affordable city in the state. With a median rent of $985 and a median home price of $206,700, housing in Audubon is slightly pricier than in Stratford. Population: 7,547Rank Last Year: 6 (No Change)Home Price To Income Ratio: 2.5x (8th most affordable)Income To Rent Ratio: 78.8x (29th cheapest)More On Berlin: Real Estate | Crime Rate | Cost Of Living. Montpelier, Vermont. Homes 5 Bedroom 3 Bathroom 7501 Square Footage Cheap Basement Garage Fireplace The home is in need of some TLC and provides a perfect opportunity for a fix and flip or rental. Get ready for summer. On a side note, Pitman is a semi-dry community without liquor stores or bars, so that's bound to save you some extra money. The unemployment rate sits at 4.9%. Browse 3,152 cheap houses for sale in New Jersey, priced up to $200,000. N.J. Median list price on homes … The COVID-19 situation might influence or cause uncertainty around some open houses. But what is good about Jersey? However, that's still about 70% cheaper than the average rent in New Jersey. It is actually a great place to start your career.and your savings account. At $287,600, 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. Shore town among most affordable ... while talking to locals to "ensure these were places that folks would want to spend a summer vacation- … Folks in Somerdale pay a median price of $168,800 for homes and earn a median income of $70,951, giving Somerdale the third lowest ratio of home price to income in the state. Buying a home in Barrington will set you back $202,900, but residents also earn a median income of $75,720, so you'll be able to pay off that mortgage before the new-house smell has time to wear off. Population: 8,328Rank Last Year: 5 (Down 2)Home Price To Income Ratio: 2.7x (10th most affordable)Income To Rent Ratio: 67.3x (52nd cheapest)More On Runnemede: Real Estate | Crime Rate | Cost Of Living. Glen Ridge. If you're trying to stretch your cash even further, hanging out at Cooper River Park won't cost you a thing. We know we love a good "Taylor Ham" pork roll on the way to NYC. The median rent in Pitman is $1,119, which gives the borough a not-so-impressive standing in terms of income to rent ratio. Monmouth Junction. Pleasantville. My legwork revealed that buying opportunities … Newsletter. Here Are The 10 Cheapest Yet Great Places To Live In New Jersey 1. Median home price: $117,500. … The 10 Most Affordable Places to Buy a Beach House. The crime... 2. Topping our list comes Stratford, a city right over the Pennsylvania-New Jersey border near Philly. Annual … 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 $885, less than half the statewide average. They are: We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc). Berlin is located about 20 miles southeast of Philadelphia. With that example in mind, we derived several statistics from the latest Census American Community Survey 2014-2018 around incomes and costs. View pictures of homes, review sales history, and use our detailed filters to find the perfect place. Population: 5,407Rank Last Year: 4 (Up 1)Home Price To Income Ratio: 2.4x (3rd most affordable)Income To Rent Ratio: 75.6x (33rd cheapest)More On Somerdale: Real Estate | Crime Rate | Cost Of Living. Population: 7,491Rank Last Year: 9 (Up 1)Home Price To Income Ratio: 3.0x (26th most affordable)Income To Rent Ratio: 107.6x (3rd cheapest)More On Haddon Heights: Real Estate | Crime Rate | Cost Of Living. The median household income in Pitman comes in at $75,791 and the median home value is $181,200 for 2020. Money overall to play with Runnemede is the most affordable Places to live in the U.S. not. 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