Dumont, NJ

Very High · 138

New Jersey · Population 18,072 · Updated March 2026

$1,778
Median Rent / Month
$125,585
Median Income
$469,900
Median Home Value
$2,037
Owner Costs / Month

Affordability

How far your income goes in Dumont

17.0%
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

$21,336
Annual Rent
$13,500
State Income Tax
$10,479
Property Tax (est.)

Cost of Living Overview

Dumont has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 138 (where 100 equals the national median), Dumont residents can expect to pay median rent of $1,778/month while earning a median household income of $125,585/year.

The median home value in Dumont, NJ is $469,900, with typical monthly owner costs around $2,037 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.0% 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 Dumont.

Frequently Asked Questions

Common questions about living costs in Dumont

What is the cost of living in Dumont, NJ?
The cost of living index in Dumont, NJ is 138 (US average = 100). Median monthly rent is $1,778, median household income is $125,585/year, and the median home value is $469,900.
Is Dumont, NJ affordable?
No, Dumont is more expensive than the national average with a cost index of 138. The rent-to-income ratio is 17.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Dumont, NJ?
The median gross rent in Dumont, NJ is $1,778 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $21,336.
What is the median household income in Dumont?
The median household income in Dumont, NJ is $125,585 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%.