Pompton Lakes, NJ

Very High · 137

New Jersey · Population 11,010 · Updated March 2026

$1,822
Median Rent / Month
$119,038
Median Income
$411,100
Median Home Value
$2,246
Owner Costs / Month

Affordability

How far your income goes in Pompton Lakes

18.4%
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

$21,864
Annual Rent
$12,797
State Income Tax
$9,168
Property Tax (est.)

Cost of Living Overview

Pompton Lakes has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 137 (where 100 equals the national median), Pompton Lakes residents can expect to pay median rent of $1,822/month while earning a median household income of $119,038/year.

The median home value in Pompton Lakes, NJ is $411,100, with typical monthly owner costs around $2,246 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.4% 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 Pompton Lakes.

Frequently Asked Questions

Common questions about living costs in Pompton Lakes

What is the cost of living in Pompton Lakes, NJ?
The cost of living index in Pompton Lakes, NJ is 137 (US average = 100). Median monthly rent is $1,822, median household income is $119,038/year, and the median home value is $411,100.
Is Pompton Lakes, NJ affordable?
No, Pompton Lakes is more expensive than the national average with a cost index of 137. The rent-to-income ratio is 18.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Pompton Lakes, NJ?
The median gross rent in Pompton Lakes, NJ is $1,822 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $21,864.
What is the median household income in Pompton Lakes?
The median household income in Pompton Lakes, NJ is $119,038 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%.