Lodi, NJ

Above Avg · 128

New Jersey · Population 25,946 · Updated March 2026

$1,675
Median Rent / Month
$84,570
Median Income
$449,200
Median Home Value
$1,748
Owner Costs / Month

Affordability

How far your income goes in Lodi

23.8%
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

$20,100
Annual Rent
$9,091
State Income Tax
$10,017
Property Tax (est.)

Cost of Living Overview

Lodi has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 128 (where 100 equals the national median), Lodi residents can expect to pay median rent of $1,675/month while earning a median household income of $84,570/year.

The median home value in Lodi, NJ is $449,200, with typical monthly owner costs around $1,748 including mortgage, insurance, and taxes. The median rent-to-income ratio of 23.8% 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 Lodi.

Frequently Asked Questions

Common questions about living costs in Lodi

What is the cost of living in Lodi, NJ?
The cost of living index in Lodi, NJ is 128 (US average = 100). Median monthly rent is $1,675, median household income is $84,570/year, and the median home value is $449,200.
Is Lodi, NJ affordable?
No, Lodi is more expensive than the national average with a cost index of 128. The rent-to-income ratio is 23.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Lodi, NJ?
The median gross rent in Lodi, NJ is $1,675 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,100.
What is the median household income in Lodi?
The median household income in Lodi, NJ is $84,570 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%.