Holiday, 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

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 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 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, 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.

Frequently Asked Questions

Common questions about living costs in Holiday

What is the cost of living in Holiday, NJ?
The cost of living index in Holiday, 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, NJ affordable?
Yes, Holiday 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, NJ?
The median gross rent in Holiday, 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?
The median household income in Holiday, 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%.