Cheapest Places in New Jersey

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. Utilizing C2ER's cost of living data helps to identify these affordable regions, ensuring that potential residents can make informed decisions. In a state known for its cultural diversity and economic opportunities, finding affordable living options enhances the overall living experience.

Crestwood Village Population: 8,063 26% cheaper than New Jersey average
Med. Home Value: $71,900 Med. Rent: $867 Med. Household Inc.: $29,042
With a cost of living index that is 26% cheaper than the state average, Crestwood Village 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, Crestwood Village provides an inviting and cost-effective environment to call home.
Camden Population: 73,742 25% cheaper than New Jersey average
Med. Home Value: $82,500 Med. Rent: $938 Med. Household Inc.: $28,623
The second most affordable city in New Jersey is Camden and stands out for its cost-effective lifestyle. With an overall cost of living that is 25% 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.
Bridgeton Population: 24,264 22% cheaper than New Jersey average
Med. Home Value: $107,500 Med. Rent: $1,127 Med. Household Inc.: $38,319
Bridgeton lands in the #3 spot for the cheapest cities to live in New Jersey, with a cost of living that is 22% 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.
Paulsboro Population: 5,881 20% cheaper than New Jersey average
Med. Home Value: $127,000 Med. Rent: $1,012 Med. Household Inc.: $45,897
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. Paulsboro offers a picturesque and affordable living environment, with a cost of living that is 20% 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 .
Lindenwold Population: 17,288 20% cheaper than New Jersey average
Med. Home Value: $124,800 Med. Rent: $1,040 Med. Household Inc.: $46,077
For those wanting to live well on a budget, Lindenwold is ideal, with a cost of living that is 20% 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.
Trenton Population: 83,387 20% cheaper than New Jersey average
Med. Home Value: $97,000 Med. Rent: $1,085 Med. Household Inc.: $74,567
Trenton 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 20% 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.
Trenton Population: 83,387 20% cheaper than New Jersey average
Med. Home Value: $97,000 Med. Rent: $1,085 Med. Household Inc.: $31,810
With its cost-effective lifestyle, Trenton 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: 83,387 20% cheaper than New Jersey average
Med. Home Value: $97,000 Med. Rent: $1,085 Med. Household Inc.: $76,049
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 20% cheaper than New Jersey.
Trenton Population: 83,387 20% cheaper than New Jersey average
Med. Home Value: $97,000 Med. Rent: $1,085 Med. Household Inc.: $32,561
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. Trenton is one of the most affordable cities in New Jersey, and has a cost of living that is 20% cheaper than the state average.
Trenton Population: 83,387 20% cheaper than New Jersey average
Med. Home Value: $97,000 Med. Rent: $1,085 Med. Household Inc.: $38,750
With a cost of living that is 20% cheaper than New Jersey, Trenton 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 Crestwood Village 8,063 89 $71,900 $29,042
2 Camden 73,742 91 $82,500 $28,623
3 Bridgeton 24,264 94 $107,500 $38,319
4 Paulsboro 5,881 97 $127,000 $45,897
5 Lindenwold 17,288 97 $124,800 $46,077
6 Trenton 83,387 97 $97,000 $74,567
7 Trenton 83,387 97 $97,000 $31,810
8 Trenton 83,387 97 $97,000 $76,049
9 Trenton 83,387 97 $97,000 $32,561
10 Trenton 83,387 97 $97,000 $38,750
11 Trenton 83,387 97 $97,000 $53,428
12 Trenton 83,387 97 $97,000 $37,002
13 Trenton 83,387 97 $97,000 $26,705
14 Trenton 83,387 97 $97,000 $38,844
15 Trenton 83,387 97 $97,000 $33,390
16 Trenton 83,387 97 $97,000 $116,680
17 Trenton 83,387 97 $97,000 $20,056
18 Trenton 83,387 97 $97,000 $45,645
19 Trenton 83,387 97 $97,000 $63,632
20 Trenton 83,387 97 $97,000 $36,464
21 Trenton 83,387 97 $97,000 $23,225
22 Trenton 83,387 97 $97,000 $23,760
23 Trenton 83,387 97 $97,000 $27,930
24 Trenton 83,387 97 $97,000 $35,613
25 Trenton 83,387 97 $97,000 $23,767
26 Trenton 83,387 97 $97,000 $44,503
27 Trenton 83,387 97 $97,000 $42,156
28 Trenton 83,387 97 $97,000 $49,235
29 Trenton 83,387 97 $97,000 $36,418
30 Trenton 83,387 97 $97,000 $36,559
31 Pine Hill 10,418 98 $135,000 $61,064
32 Pleasantville 20,226 98 $128,900 $41,718
33 Gloucester City 11,229 98 $130,600 $59,984
34 Atlantic City 37,793 98 $150,000 $29,526
35 Phillipsburg 14,303 99 $144,200 $54,583
36 Carneys Point 7,302 99 $137,700 $57,326
37 Millville 27,485 100 $165,900 $63,182
38 Pennsville 11,968 100 $153,300 $68,369
39 Runnemede 8,307 101 $163,000 $71,495
40 Bellmawr 11,375 101 $169,400 $60,041
41 Woodbury 9,839 101 $165,600 $60,741
42 Somerdale 5,479 101 $178,000 $73,498
43 Pomona 7,756 102 $197,500 $88,447
44 Burlington 9,845 102 $167,500 $65,688
45 Stratford 6,968 102 $180,900 $78,309
46 Vineland 59,405 103 $170,300 $55,740
47 Washington 6,475 103 $202,400 $64,826
48 Barrington 6,678 104 $189,400 $78,708
49 Browns Mills 10,228 104 $161,700 $67,397
50 Smithville 8,861 105 $179,600 $58,507

Methodology

To formulate the list of the cheapest places to live in {$this->m->names->state}, AreaVibes utilized comprehensive data from the Council for Community and Economic Research (C2ER) cost of living index. The report is released annually and offers a detailed comparison of living expenses across various urban areas. The data is meticulously gathered by over 300 independent researchers, ensuring a high level of accuracy and reliability. The C2ER index encompasses more than 60 goods and services, categorized into six essential areas that significantly impact the cost of living. These categories and their respective weightings in the index are as follows: goods and services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%), and utilities (10%).

Map of Crime 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.

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