Harrison, NJ

Very High · 145

New Jersey · Population 19,599 · Updated March 2026

$2,073
Median Rent / Month
$82,290
Median Income
$450,800
Median Home Value
$2,047
Owner Costs / Month

Affordability

How far your income goes in Harrison

30.2%
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

$24,876
Annual Rent
$8,846
State Income Tax
$10,053
Property Tax (est.)

Cost of Living Overview

Harrison has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 145 (where 100 equals the national median), Harrison residents can expect to pay median rent of $2,073/month while earning a median household income of $82,290/year.

The median home value in Harrison, NJ is $450,800, with typical monthly owner costs around $2,047 including mortgage, insurance, and taxes. At 30.2% rent-to-income ratio, residents of Harrison are spending more than the recommended 30% of income on housing, indicating moderate cost burden.

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 Harrison.

Frequently Asked Questions

Common questions about living costs in Harrison

What is the cost of living in Harrison, NJ?
The cost of living index in Harrison, NJ is 145 (US average = 100). Median monthly rent is $2,073, median household income is $82,290/year, and the median home value is $450,800.
Is Harrison, NJ affordable?
No, Harrison is more expensive than the national average with a cost index of 145. The rent-to-income ratio is 30.2%—above the 30%% affordability threshold.
What is the average rent in Harrison, NJ?
The median gross rent in Harrison, NJ is $2,073 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $24,876.
What is the median household income in Harrison?
The median household income in Harrison, NJ is $82,290 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%.