Fords, NJ

Very High · 141

New Jersey · Population 13,052 · Updated March 2026

$1,976
Median Rent / Month
$116,250
Median Income
$414,100
Median Home Value
$2,246
Owner Costs / Month

Affordability

How far your income goes in Fords

20.4%
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

$23,712
Annual Rent
$12,497
State Income Tax
$9,234
Property Tax (est.)

Cost of Living Overview

Fords has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 141 (where 100 equals the national median), Fords residents can expect to pay median rent of $1,976/month while earning a median household income of $116,250/year.

The median home value in Fords, NJ is $414,100, with typical monthly owner costs around $2,246 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.4% 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 Fords.

Frequently Asked Questions

Common questions about living costs in Fords

What is the cost of living in Fords, NJ?
The cost of living index in Fords, NJ is 141 (US average = 100). Median monthly rent is $1,976, median household income is $116,250/year, and the median home value is $414,100.
Is Fords, NJ affordable?
No, Fords is more expensive than the national average with a cost index of 141. The rent-to-income ratio is 20.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Fords, NJ?
The median gross rent in Fords, NJ is $1,976 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $23,712.
What is the median household income in Fords?
The median household income in Fords, NJ is $116,250 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%.