Cheapest Places to Live in New Jersey

Access hyperlocal data to help you make a confident and informed decision.

New Jersey, with its bustling cities, scenic shorelines, and rich cultural heritage, offers a variety of living experiences. Landmarks such as the Liberty State Park, Atlantic City's boardwalk, and Princeton University highlight the state's appeal. The state's economy is robust and diverse, driven by sectors such as finance, pharmaceuticals, and technology. New Jersey's tax structure includes relatively high income and property taxes, which can impact the overall affordability for residents. Despite recent inflation and rising food costs, New Jersey remains one of the more affordable states in the Mid-Atlantic region, especially in its smaller towns and rural areas. The combination of a diverse economy and manageable living costs makes New Jersey an attractive place for those seeking affordability and quality of life.

Affordable living in New Jersey can often be found in smaller towns and suburban areas where housing costs and everyday expenses are lower. These regions provide a more manageable cost of living, which is essential for maintaining financial stability. Affordability is a key factor in livability, as it allows residents to enjoy a comfortable standard of living without undue financial strain. Factors contributing to the cheapest places to live in New Jersey include lower housing demand in less populated areas, supportive local economic policies, and efficient public services. Using AI-assisted city-level cost of living estimates, supported by U.S. Census housing data and regional economic modeling, helps identify these affordable regions and gives potential residents a practical way to compare affordability from one city to the next. In a state known for its cultural diversity and economic opportunities, finding affordable living options enhances the overall living experience.

Paulsboro Population: 6,022 25% cheaper than New Jersey average

Med. Home Value: $229,490 Med. Rent: $1,532 Med. Household Inc.: $69,342

With a cost of living index that is 25% cheaper than the state average, Paulsboro is the cheapest place to live in New Jersey. This area offers residents a remarkable blend of relatively low housing costs, budget-friendly grocery prices, affordable utilities, and economical health care services, making it an attractive destination for those seeking to stretch their dollars further. Whether you're a young professional, a growing family, or someone looking to enjoy a more relaxed pace of life, Paulsboro provides an inviting and cost-effective environment to call home.

Phillipsburg Population: 14,613 24% cheaper than New Jersey average

Med. Home Value: $266,441 Med. Rent: $1,462 Med. Household Inc.: $81,208

The second most affordable city in New Jersey is Phillipsburg and stands out for its cost-effective lifestyle. With an overall cost of living that is 24% cheaper than the New Jersey average, overall goods and services, housing, utilities, transportation and health care costs fall within a reasonable range. Median household income levels are steady and come in at , which helps to increase the purchasing power of the local residents.

Camden Population: 76,587 24% cheaper than New Jersey average

Med. Home Value: $147,636 Med. Rent: $1,393 Med. Household Inc.: $42,470

Camden lands in the #3 spot for the cheapest cities to live in New Jersey, with a cost of living that is 24% cheaper than the state average. With home prices averaging and rental rates coming in around , it helps that household income levels average about , which assists with paying the mortgage or your monthly rent. Its robust public school system and accessible health care further enhance its appeal, making it a great place to settle down. The strong community spirit and ample recreational opportunities add to its charm.

Crestwood Village Population: 8,315 24% cheaper than New Jersey average

Med. Home Value: $131,623 Med. Rent: $1,313 Med. Household Inc.: $43,398

The cost of everyday grocery items, goods & services and of course housing, can have a significant impact on the overall cost of living in any area. Crestwood Village offers a picturesque and affordable living environment, with a cost of living that is 24% cheaper than the state average. Everyday items like ground beef , eggs , coffee and pizza are all fairly reasonable compared to most other cities, which helps reduce those grocery bills. Home prices are also fairly affordable (compared to the state average), coming in at around .

Carneys Point Population: 7,565 23% cheaper than New Jersey average

Med. Home Value: $244,240 Med. Rent: $1,570 Med. Household Inc.: $85,604

For those wanting to live well on a budget, Carneys Point is ideal, with a cost of living that is 23% cheaper than the state average. Reasonable housing prices (compared to the New Jersey average) of and rental prices of are paired with economical goods and services and a range of free or low-cost recreational activities. The city's proactive economic development initiatives also ensure a steady stream of job opportunities, making it a smart choice for those prioritizing financial ease.

Pennsville Population: 12,293 22% cheaper than New Jersey average

Med. Home Value: $271,857 Med. Rent: $1,535 Med. Household Inc.: $99,823

Pennsville comes in at #6 on our list of the cheapest cities in New Jersey and is a haven for those seeking affordability without sacrificing convenience. The city is known for its discount shopping centers and budget-friendly dining options and has a cost of living that is 22% cheaper than New Jersey. The city's local markets provide fresh produce and other groceries at reduced prices, while parks and community centers offer free entertainment and leisure. This city is perfect for enjoying a high quality of life at a low cost.

Burlington Population: 10,094 21% cheaper than New Jersey average

Med. Home Value: $300,725 Med. Rent: $1,630 Med. Household Inc.: $99,841

With its cost-effective lifestyle, Burlington is an attractive destination for those looking to live affordably. The city boasts suitable housing costs, affordable healthcare, and a variety of budget-friendly dining options. The community is welcoming and vibrant, providing residents with a rich social life at a fraction of the cost. Median income levels come in at , which provides financial stability, purchasing power and increases the quality of life in the city.

Trenton Population: 86,528 21% cheaper than New Jersey average

Med. Home Value: $177,930 Med. Rent: $1,637 Med. Household Inc.: $55,363

A lower cost of living allows individuals to manage their expenses more effectively, reducing the risk of financial stress and debt. When essential costs such as housing, food, transportation, and healthcare are more affordable, people can achieve greater financial stability and resilience. Trenton fits that mold and has a cost of living that is 21% cheaper than New Jersey.

Bridgeton Population: 24,883 20% cheaper than New Jersey average

Med. Home Value: $193,241 Med. Rent: $1,690 Med. Household Inc.: $57,521

Lower living costs can lead to a higher quality of life by making it easier for people to afford comfortable housing, nutritious food, and access to healthcare. It can also provide opportunities for better education, recreational activities, and community engagement, contributing to overall well-being. Bridgeton is one of the most affordable cities in New Jersey, and has a cost of living that is 20% cheaper than the state average.

Browns Mills Population: 10,446 19% cheaper than New Jersey average

Med. Home Value: $295,111 Med. Rent: $2,063 Med. Household Inc.: $99,205

With a cost of living that is 19% cheaper than New Jersey, Browns Mills comes in at #10 on our list of the cheapest places to live in New Jersey. Financial stress is a significant factor affecting mental and physical health. By lowering the cost of living, individuals can experience reduced anxiety related to meeting monthly expenses, thereby improving overall health and well-being. The ability to afford basic necessities without constant worry contributes to a more balanced and fulfilling life.

Full list of the cheapest places in New Jersey

Rank	Location	Population	COL Index	Med. Home Value	Med. Household Inc.
1	Paulsboro	6,022	94	$229,490	$69,342
2	Phillipsburg	14,613	95	$266,441	$81,208
3	Camden	76,587	96	$147,636	$42,470
4	Crestwood Village	8,315	96	$131,623	$43,398
5	Carneys Point	7,565	96	$244,240	$85,604
6	Pennsville	12,293	97	$271,857	$99,823
7	Burlington	10,094	99	$300,725	$99,841
8	Trenton	86,528	99	$177,930	$55,363
9	Bridgeton	24,883	101	$193,241	$57,521
10	Browns Mills	10,446	101	$295,111	$99,205
11	Clementon	5,064	101	$241,655	$68,905
12	Lindenwold	17,906	102	$229,414	$69,951
13	Glendora	5,025	102	$301,403	$111,914
14	Pine Hill	10,701	102	$242,493	$92,060
15	Washington	6,730	103	$363,845	$96,193
16	Gloucester City	11,674	103	$239,814	$90,286
17	Pleasantville	20,927	104	$233,398	$61,712
18	Atlantic City	38,810	104	$276,691	$43,880
19	Runnemede	8,492	105	$287,509	$107,768
20	Woodbury	10,086	106	$296,591	$89,349
21	Millville	28,134	106	$296,224	$94,391
22	Bellmawr	11,664	107	$310,048	$89,293
23	Somerdale	5,665	107	$325,127	$111,002
24	Stratford	7,213	107	$322,890	$117,463
25	Pomona	7,980	107	$354,808	$133,308
26	Vineland	60,891	108	$314,447	$83,096
27	Barrington	6,880	109	$332,255	$117,424
28	Smithville	9,067	110	$328,222	$88,384
29	Clayton	8,878	111	$376,213	$137,627
30	Villas	9,976	111	$338,213	$86,648
31	Williamstown	14,480	111	$378,268	$125,545
32	Palmyra	7,427	112	$322,283	$108,237
33	Pitman	8,979	112	$345,086	$122,612
34	Holiday City-Berkeley	12,508	112	$315,083	$59,169
35	Mays Landing	5,949	113	$378,206	$116,507
36	Beckett	5,281	114	$442,598	$201,725
37	Audubon	8,859	114	$405,648	$136,040
38	Somers Point	10,574	114	$396,600	$93,414
39	Keansburg	10,050	114	$359,757	$110,989
40	Absecon	8,666	115	$354,898	$102,605
41	Glassboro	20,509	115	$383,633	$106,390
42	East Orange	66,655	115	$402,475	$76,618
43	White Horse	9,822	115	$416,441	$140,088
44	Mystic Island	8,603	116	$376,391	$75,878
45	Roselle	22,321	116	$421,559	$97,520
46	Northfield	8,410	116	$412,795	$125,048
47	Berlin	7,709	116	$417,428	$140,577
48	Newton	8,102	117	$397,489	$100,015
49	Wildwood	5,110	117	$454,710	$64,024
50	Echelon	12,954	118	$421,771	$106,644

Methodology

To formulate the list of the cheapest places to live in New Jersey, a city-level cost of living model was used with a national average baseline of 100. This framework is designed to provide a practical comparison of how far your dollar may go across different urban areas. Housing estimates incorporate the latest available U.S. Census home price and rental data, while all other values are generated using AI-assisted economic models based on expected everyday expenses, regional pricing trends, climate, transportation patterns, and local economic conditions. The overall index is weighted across key spending categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%).

Map of Cost of Living by State

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The map above is a great way to help you discover the most affordable states across the U.S. By highlighting states with the lowest cost of living, this map provides an in-depth look at where you can get the most value for your money. By visually representing this data, the map allows users to easily compare different regions and make informed decisions about potential relocations or investments. Additionally, it provides valuable insights into the economic conditions and lifestyle factors that influence these cost of living statistics. Whether you're planning a move, considering a new job, or simply curious about the economic landscape, this map is a useful resource for understanding and navigating the financial implications of living in different states.