Woodbridge, NJ

Very High · 136

New Jersey · Population 20,086 · Updated March 2026

$2,077
Median Rent / Month
$99,718
Median Income
$361,200
Median Home Value
$2,104
Owner Costs / Month

Affordability

How far your income goes in Woodbridge

25.0%
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

$24,924
Annual Rent
$10,720
State Income Tax
$8,055
Property Tax (est.)

Cost of Living Overview

Woodbridge has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 136 (where 100 equals the national median), Woodbridge residents can expect to pay median rent of $2,077/month while earning a median household income of $99,718/year.

The median home value in Woodbridge, NJ is $361,200, with typical monthly owner costs around $2,104 including mortgage, insurance, and taxes. With a rent-to-income ratio of 25.0%, Woodbridge 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 Woodbridge.

Frequently Asked Questions

Common questions about living costs in Woodbridge

What is the cost of living in Woodbridge, NJ?
The cost of living index in Woodbridge, NJ is 136 (US average = 100). Median monthly rent is $2,077, median household income is $99,718/year, and the median home value is $361,200.
Is Woodbridge, NJ affordable?
No, Woodbridge is more expensive than the national average with a cost index of 136. The rent-to-income ratio is 25.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Woodbridge, NJ?
The median gross rent in Woodbridge, NJ is $2,077 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $24,924.
What is the median household income in Woodbridge?
The median household income in Woodbridge, NJ is $99,718 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%.