Little Ferry, NJ

Above Avg · 125

New Jersey · Population 10,942 · Updated March 2026

$1,798
Median Rent / Month
$79,476
Median Income
$388,500
Median Home Value
$1,760
Owner Costs / Month

Affordability

How far your income goes in Little Ferry

27.1%
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

$21,576
Annual Rent
$8,544
State Income Tax
$8,664
Property Tax (est.)

Cost of Living Overview

Little Ferry has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 125 (where 100 equals the national median), Little Ferry residents can expect to pay median rent of $1,798/month while earning a median household income of $79,476/year.

The median home value in Little Ferry, NJ is $388,500, with typical monthly owner costs around $1,760 including mortgage, insurance, and taxes. With a rent-to-income ratio of 27.1%, Little Ferry falls within the generally affordable range, though it's approaching the 30% burden threshold.

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 Little Ferry.

Frequently Asked Questions

Common questions about living costs in Little Ferry

What is the cost of living in Little Ferry, NJ?
The cost of living index in Little Ferry, NJ is 125 (US average = 100). Median monthly rent is $1,798, median household income is $79,476/year, and the median home value is $388,500.
Is Little Ferry, NJ affordable?
No, Little Ferry is more expensive than the national average with a cost index of 125. The rent-to-income ratio is 27.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Little Ferry, NJ?
The median gross rent in Little Ferry, NJ is $1,798 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $21,576.
What is the median household income in Little Ferry?
The median household income in Little Ferry, NJ is $79,476 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%.