Blackwells Mills, NJ

Very High · 230

New Jersey · Population 10,220 · Updated March 2026

$3,148
Median Rent / Month
$248,149
Median Income
$736,000
Median Home Value
$3,401
Owner Costs / Month

Affordability

How far your income goes in Blackwells Mills

15.2%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in New Jersey

State-level tax rates that affect your costs

10.75%
Income Tax (Top Rate)
6.625%
Sales Tax
2.23%
Property Tax Rate

Estimated Annual Costs

$37,776
Annual Rent
$26,676
State Income Tax
$16,413
Property Tax (est.)

Cost of Living Overview

Blackwells Mills has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 230 (where 100 equals the national median), Blackwells Mills residents can expect to pay median rent of $3,148/month while earning a median household income of $248,149/year.

The median home value in Blackwells Mills, NJ is $736,000, with typical monthly owner costs around $3,401 including mortgage, insurance, and taxes. The median rent-to-income ratio of 15.2% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

New Jersey's top income tax rate of 10.75% is among the highest in the nation, adding to the overall cost burden. Combined with a 6.625% sales tax rate and 2.23% effective property tax rate, the overall tax environment is a factor in the total cost of living in Blackwells Mills.

Frequently Asked Questions

Common questions about living costs in Blackwells Mills

What is the cost of living in Blackwells Mills, NJ?
The cost of living index in Blackwells Mills, NJ is 230 (US average = 100). Median monthly rent is $3,148, median household income is $248,149/year, and the median home value is $736,000.
Is Blackwells Mills, NJ affordable?
No, Blackwells Mills is more expensive than the national average with a cost index of 230. The rent-to-income ratio is 15.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Blackwells Mills, NJ?
The median gross rent in Blackwells Mills, NJ is $3,148 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $37,776.
What is the median household income in Blackwells Mills?
The median household income in Blackwells Mills, NJ is $248,149 per year. This compares to the national median of approximately $80,000.
What are the taxes like in New Jersey?
New Jersey has a top income tax rate of 10.75%, a sales tax of 6.625%, and an effective property tax rate of 2.23%.