Cost of Living in Salem County, NJ

What does it cost to live in Salem County? Income, housing, and affordability breakdown.

Median Income

$73,378

Median Rent

$1,165/mo

Median Home

$208,200

Affordability

365

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,053
Property Tax$553
Insurance$69

Total Monthly$1,675
% of Income27.4%

Renting

Median Rent$1,165
Renter's Insurance$25

Total Monthly$1,190
% of Income19.1%

Living in Salem County, New Jersey

Salem County has a median household income of $73,378 with housing costs that represent 27.4% of income for owners and 19.1% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 365 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Family and education

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.