Glassboro, NJ

Average · 103

New Jersey · Population 23,375 · Updated March 2026

$1,561
Median Rent / Month
$80,388
Median Income
$276,900
Median Home Value
$1,597
Owner Costs / Month

Affordability

How far your income goes in Glassboro

23.3%
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

$18,732
Annual Rent
$8,642
State Income Tax
$6,175
Property Tax (est.)

Cost of Living Overview

Glassboro has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 103 (where 100 equals the national median), Glassboro residents can expect to pay median rent of $1,561/month while earning a median household income of $80,388/year.

The median home value in Glassboro, NJ is $276,900, with typical monthly owner costs around $1,597 including mortgage, insurance, and taxes. The median rent-to-income ratio of 23.3% 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 Glassboro.

Frequently Asked Questions

Common questions about living costs in Glassboro

What is the cost of living in Glassboro, NJ?
The cost of living index in Glassboro, NJ is 103 (US average = 100). Median monthly rent is $1,561, median household income is $80,388/year, and the median home value is $276,900.
Is Glassboro, NJ affordable?
No, Glassboro is more expensive than the national average with a cost index of 103. The rent-to-income ratio is 23.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Glassboro, NJ?
The median gross rent in Glassboro, NJ is $1,561 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $18,732.
What is the median household income in Glassboro?
The median household income in Glassboro, NJ is $80,388 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%.