Holiday City-Berkeley, NJ

Below Avg · 86

New Jersey · Population 12,896 · Updated March 2026

$1,584
Median Rent / Month
$47,855
Median Income
$237,200
Median Home Value
$850
Owner Costs / Month

Affordability

How far your income goes in Holiday City-Berkeley

39.7%
Rent-to-Income Ratio
Burdened
Rent takes more than 35% of median income — considered cost-burdened.

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

$19,008
Annual Rent
$5,144
State Income Tax
$5,290
Property Tax (est.)

Cost of Living Overview

Holiday City-Berkeley offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 86 (where 100 equals the national median), Holiday City-Berkeley residents can expect to pay median rent of $1,584/month while earning a median household income of $47,855/year.

The median home value in Holiday City-Berkeley, NJ is $237,200, with typical monthly owner costs around $850 including mortgage, insurance, and taxes. The 39.7% rent-to-income ratio indicates significant housing cost burden. Residents spend well over a third of their income on rent alone.

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 Holiday City-Berkeley.

Frequently Asked Questions

Common questions about living costs in Holiday City-Berkeley

What is the cost of living in Holiday City-Berkeley, NJ?
The cost of living index in Holiday City-Berkeley, NJ is 86 (US average = 100). Median monthly rent is $1,584, median household income is $47,855/year, and the median home value is $237,200.
Is Holiday City-Berkeley, NJ affordable?
Yes, Holiday City-Berkeley is more affordable than the national average with a cost index of 86. The rent-to-income ratio is 39.7%—above the 30% affordability threshold.
What is the average rent in Holiday City-Berkeley, NJ?
The median gross rent in Holiday City-Berkeley, NJ is $1,584 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,008.
What is the median household income in Holiday City-Berkeley?
The median household income in Holiday City-Berkeley, NJ is $47,855 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%.