Millville, NJ

Below Avg · 79

New Jersey · Population 27,432 · Updated March 2026

$1,207
Median Rent / Month
$67,190
Median Income
$199,300
Median Home Value
$1,312
Owner Costs / Month

Affordability

How far your income goes in Millville

21.6%
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

$14,484
Annual Rent
$7,223
State Income Tax
$4,444
Property Tax (est.)

Cost of Living Overview

Millville is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 79 (where 100 equals the national median), Millville residents can expect to pay median rent of $1,207/month while earning a median household income of $67,190/year.

The median home value in Millville, NJ is $199,300, with typical monthly owner costs around $1,312 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.6% 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 Millville.

Frequently Asked Questions

Common questions about living costs in Millville

What is the cost of living in Millville, NJ?
The cost of living index in Millville, NJ is 79 (US average = 100). Median monthly rent is $1,207, median household income is $67,190/year, and the median home value is $199,300.
Is Millville, NJ affordable?
Yes, Millville is more affordable than the national average with a cost index of 79. The rent-to-income ratio is 21.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Millville, NJ?
The median gross rent in Millville, NJ is $1,207 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,484.
What is the median household income in Millville?
The median household income in Millville, NJ is $67,190 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%.