Glen Rock, NJ

Very High · 202

New Jersey · Population 12,082 · Updated March 2026

$1,938
Median Rent / Month
$210,369
Median Income
$817,300
Median Home Value
$3,242
Owner Costs / Month

Affordability

How far your income goes in Glen Rock

11.1%
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

$23,256
Annual Rent
$22,615
State Income Tax
$18,226
Property Tax (est.)

Cost of Living Overview

Glen Rock has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 202 (where 100 equals the national median), Glen Rock residents can expect to pay median rent of $1,938/month while earning a median household income of $210,369/year.

The median home value in Glen Rock, NJ is $817,300, with typical monthly owner costs around $3,242 including mortgage, insurance, and taxes. The median rent-to-income ratio of 11.1% 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 Glen Rock.

Frequently Asked Questions

Common questions about living costs in Glen Rock

What is the cost of living in Glen Rock, NJ?
The cost of living index in Glen Rock, NJ is 202 (US average = 100). Median monthly rent is $1,938, median household income is $210,369/year, and the median home value is $817,300.
Is Glen Rock, NJ affordable?
No, Glen Rock is more expensive than the national average with a cost index of 202. The rent-to-income ratio is 11.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Glen Rock, NJ?
The median gross rent in Glen Rock, NJ is $1,938 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $23,256.
What is the median household income in Glen Rock?
The median household income in Glen Rock, NJ is $210,369 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%.