West New York, NJ

Above Avg · 120

New Jersey · Population 51,683 · Updated March 2026

$1,607
Median Rent / Month
$67,139
Median Income
$410,200
Median Home Value
$1,675
Owner Costs / Month

Affordability

How far your income goes in West New York

28.7%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

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

$19,284
Annual Rent
$7,217
State Income Tax
$9,147
Property Tax (est.)

Cost of Living Overview

West New York has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 120 (where 100 equals the national median), West New York residents can expect to pay median rent of $1,607/month while earning a median household income of $67,139/year.

The median home value in West New York, NJ is $410,200, with typical monthly owner costs around $1,675 including mortgage, insurance, and taxes. With a rent-to-income ratio of 28.7%, West New York falls within the generally affordable range, though it's approaching the 30% burden threshold.

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 West New York.

Frequently Asked Questions

Common questions about living costs in West New York

What is the cost of living in West New York, NJ?
The cost of living index in West New York, NJ is 120 (US average = 100). Median monthly rent is $1,607, median household income is $67,139/year, and the median home value is $410,200.
Is West New York, NJ affordable?
No, West New York is more expensive than the national average with a cost index of 120. The rent-to-income ratio is 28.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in West New York, NJ?
The median gross rent in West New York, NJ is $1,607 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,284.
What is the median household income in West New York?
The median household income in West New York, NJ is $67,139 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%.