Phillipsburg, NJ

Very Low · 73

New Jersey · Population 15,251 · Updated March 2026

$1,118
Median Rent / Month
$67,782
Median Income
$180,700
Median Home Value
$1,214
Owner Costs / Month

Affordability

How far your income goes in Phillipsburg

19.8%
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

$13,416
Annual Rent
$7,287
State Income Tax
$4,030
Property Tax (est.)

Cost of Living Overview

Phillipsburg is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 73 (where 100 equals the national median), Phillipsburg residents can expect to pay median rent of $1,118/month while earning a median household income of $67,782/year.

The median home value in Phillipsburg, NJ is $180,700, with typical monthly owner costs around $1,214 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.8% 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 Phillipsburg.

Frequently Asked Questions

Common questions about living costs in Phillipsburg

What is the cost of living in Phillipsburg, NJ?
The cost of living index in Phillipsburg, NJ is 73 (US average = 100). Median monthly rent is $1,118, median household income is $67,782/year, and the median home value is $180,700.
Is Phillipsburg, NJ affordable?
Yes, Phillipsburg is more affordable than the national average with a cost index of 73. The rent-to-income ratio is 19.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Phillipsburg, NJ?
The median gross rent in Phillipsburg, NJ is $1,118 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,416.
What is the median household income in Phillipsburg?
The median household income in Phillipsburg, NJ is $67,782 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%.