South River, NJ

Above Avg · 118

New Jersey · Population 16,007 · Updated March 2026

$1,599
Median Rent / Month
$101,853
Median Income
$382,500
Median Home Value
$1,744
Owner Costs / Month

Affordability

How far your income goes in South River

18.8%
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

$19,188
Annual Rent
$10,949
State Income Tax
$8,530
Property Tax (est.)

Cost of Living Overview

South River is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 118 (where 100 equals the national median), South River residents can expect to pay median rent of $1,599/month while earning a median household income of $101,853/year.

The median home value in South River, NJ is $382,500, with typical monthly owner costs around $1,744 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.8% 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 South River.

Frequently Asked Questions

Common questions about living costs in South River

What is the cost of living in South River, NJ?
The cost of living index in South River, NJ is 118 (US average = 100). Median monthly rent is $1,599, median household income is $101,853/year, and the median home value is $382,500.
Is South River, NJ affordable?
No, South River is more expensive than the national average with a cost index of 118. The rent-to-income ratio is 18.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in South River, NJ?
The median gross rent in South River, NJ is $1,599 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,188.
What is the median household income in South River?
The median household income in South River, NJ is $101,853 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%.