Fairview, NJ

Very High · 134

New Jersey · Population 14,920 · Updated March 2026

$1,597
Median Rent / Month
$64,152
Median Income
$512,100
Median Home Value
$1,811
Owner Costs / Month

Affordability

How far your income goes in Fairview

29.9%
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

$19,164
Annual Rent
$6,896
State Income Tax
$11,420
Property Tax (est.)

Cost of Living Overview

Fairview has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 134 (where 100 equals the national median), Fairview residents can expect to pay median rent of $1,597/month while earning a median household income of $64,152/year.

The median home value in Fairview, NJ is $512,100, with typical monthly owner costs around $1,811 including mortgage, insurance, and taxes. With a rent-to-income ratio of 29.9%, Fairview falls within the generally affordable range, though it's approaching the 30% burden threshold.

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 Fairview.

Frequently Asked Questions

Common questions about living costs in Fairview

What is the cost of living in Fairview, NJ?
The cost of living index in Fairview, NJ is 134 (US average = 100). Median monthly rent is $1,597, median household income is $64,152/year, and the median home value is $512,100.
Is Fairview, NJ affordable?
No, Fairview is more expensive than the national average with a cost index of 134. The rent-to-income ratio is 29.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Fairview, NJ?
The median gross rent in Fairview, NJ is $1,597 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,164.
What is the median household income in Fairview?
The median household income in Fairview, NJ is $64,152 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%.