Camden, NJ

Very Low · 63

New Jersey · Population 71,471 · Updated March 2026

$1,157
Median Rent / Month
$40,450
Median Income
$100,400
Median Home Value
$1,094
Owner Costs / Month

Affordability

How far your income goes in Camden

34.3%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

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

$13,884
Annual Rent
$4,348
State Income Tax
$2,239
Property Tax (est.)

Cost of Living Overview

Camden is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 63 (where 100 equals the national median), Camden residents can expect to pay median rent of $1,157/month while earning a median household income of $40,450/year.

The median home value in Camden, NJ is $100,400, with typical monthly owner costs around $1,094 including mortgage, insurance, and taxes. At 34.3% rent-to-income ratio, residents of Camden are spending more than the recommended 30% of income on housing, indicating moderate cost burden.

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 Camden.

Frequently Asked Questions

Common questions about living costs in Camden

What is the cost of living in Camden, NJ?
The cost of living index in Camden, NJ is 63 (US average = 100). Median monthly rent is $1,157, median household income is $40,450/year, and the median home value is $100,400.
Is Camden, NJ affordable?
Yes, Camden is more affordable than the national average with a cost index of 63. The rent-to-income ratio is 34.3%—above the 30%% affordability threshold.
What is the average rent in Camden, NJ?
The median gross rent in Camden, NJ is $1,157 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,884.
What is the median household income in Camden?
The median household income in Camden, NJ is $40,450 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%.