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Hiking at Kirkwood Lake is free, so nature-lovers won't have to break out their wallets to have a good time in Somerdale. Haddon Heights is the eighth cheapest place in New Jersey and the only place on this list to get a perfect 10/10 on our overall Snackability score. Median sales price: $80,000. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. The two most important things to think about when it comes to being able to afford if you can live comes down to: You need to understand your costs in the context of how much money you make. However, Pitman does have the fourth best ratio of home price to income in the state, so we'd definitely recommend buying instead of renting if you want to take full advantage of the borough's affordability. Phillipsburg has the cheapest home prices on this list, with a median price of $135,300. 5 /10. Rent in Somerdale is slightly cheaper than the top two cities on this list at $939, but taken as a proportion of income, renting in Somerdale is less cost effective than buying. If you want to live the high life in New Jersey without spending big bucks, there's few better than Stratford. Stratford is located a half hour southeast of Philadelphia. The median household income in Audubon comes in at $81,884 and the median home value is $206,700 for 2020. The 10 Cheapest Places To Live In Pennsylvania For 2020. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. The unemployment rate sits at 5.4%. Princeton Junction. Phillipsburg is the only place on this list NOT in Camden or Gloucester County and within a half hour of Philadelphia.eval(ez_write_tag([[300,250],'homesnacks_com-leader-3','ezslot_9',116,'0','0'])); The median household income in Phillipsburg comes in at $53,514 and the median home value is $135,300 for 2020. The median rent in Pitman is $1,119, which gives the borough a not-so-impressive standing in terms of income to rent ratio. However, that's still about 70% cheaper than the average rent in New Jersey. Montpelier, Vermont. 24,504 single family homes for sale in New Jersey. The unemployment rate sits at 5.3%. Yet another Camden County suburb of Philadelphia, Runnemede is the seventh most affordable place in New Jersey. Here Are The 10 Cheapest Yet Great Places To Live In New Jersey 1. Want to buy a beach house on the cheap? New Jersey New Homes and Condo Developments, New Jersey Commercial Properties for Lease, Cheap Houses and Condos for Sale in Alpine, Cheap Houses and Condos for Sale in Barnegat, Cheap Houses and Condos for Sale in Bernardsville, Cheap Houses and Condos for Sale in Camden, Cheap Houses and Condos for Sale in Clifton, Cheap Houses and Condos for Sale in Crestwood Village, Cheap Houses and Condos for Sale in Elizabeth, Cheap Houses and Condos for Sale in Jersey City, Cheap Houses and Condos for Sale in Jersey Shore, Cheap Houses and Condos for Sale in Long Branch, Cheap Houses and Condos for Sale in Moorestown, Cheap Houses and Condos for Sale in Newark, Cheap Houses and Condos for Sale in Ocean Acres, Cheap Houses and Condos for Sale in Passaic, Cheap Houses and Condos for Sale in Paterson, Cheap Houses and Condos for Sale in Rumson, Cheap Houses and Condos for Sale in Spring Lake, Cheap Houses and Condos for Sale in Stone Harbor, Cheap Houses and Condos for Sale in Trenton, Cheap Houses and Condos for Sale in Vineland. It is actually a great place to start your career.and your savings account. Wikipedia/LTwomey02 According to Smart Asset, Clayton is the most affordable city in New Jersey. The 10 Cheapest Places To Live In New Jersey For 2020. Population: 19,580Rank Last Year: 8 (Down 1)Home Price To Income Ratio: 2.7x (16th most affordable)Income To Rent Ratio: 61.8x (72nd cheapest)More On Glassboro: Real Estate | Crime Rate | Cost Of Living. This way, you will know where the cost of living is the lowest so your income will go the farthest. The unemployment rate sits at 7.8%. Average temperature: 66.7 degrees. Beckett. More exposure and leads for agents and brokers. The place with the lowest cost of living in New Jersey according to the data is Stratford. In Vermont’s capital of Montpelier, the average cost of a house is $208,300. Editor’s Note: We updated this article for 2020. The unemployment rate sits at 8.3%.eval(ez_write_tag([[250,250],'homesnacks_com-medrectangle-4','ezslot_13',108,'0','0'])); Population: 8,660Rank Last Year: 1 (Down 1)Home Price To Income Ratio: 2.5x (6th most affordable)Income To Rent Ratio: 83.1x (20th cheapest)More On Audubon: Real Estate | Crime Rate | Cost Of Living. The unemployment rate sits at 3.7%. Population: 5,407Rank Last Year: 4 (Up 1)Home Price To Income Ratio: 2.4x (3rd most affordable)Income To Rent Ratio: 75.6x (33rd cheapest)More On Somerdale: Real Estate | Crime Rate | Cost Of Living. Every state has affordable areas, but New Jersey is one that offers some substantially cheaper cities than some of the surrounding states, ahem, New York. Find cheap homes for sale, view cheap condos in New Jersey, view real estate listing photos, compare properties, … The median rent in Berlin is $1,183, which is the highest you'll see on this list. New Jersey is also close to major urban centers, especially New York City. We aim to deliver bite-sized pieces of infotainment about where you live. Please remember to verify restrictions with your agent and local authorities. Interested to learn more about our methodology? If there is one thing that everyone in New Jersey can agree on, it’s that the cost of housing is astronomical. 2020 Best Places to Buy a House in New Jersey. But what is good about Jersey? The median home price in Pitman is $181,200 and the median income is $75,791. The unemployment rate sits at 4.9%. Beachwood. Town in New Jersey 16 reviews. The unemployment rate sits at 4.5%. or even houses. Population: 8,328Rank Last Year: 5 (Down 2)Home Price To Income Ratio: 2.7x (10th most affordable)Income To Rent Ratio: 67.3x (52nd cheapest)More On Runnemede: Real Estate | Crime Rate | Cost Of Living. What you are left with is a "Cost of Living Index" by taking the average rank of each of these metrics for each city. If you're into fishing, you can cut down on your entertainment and grocery budget by casting your line out at the nearby Haddon Lake. Audubon is another Philadelphia suburb that won't break the wallet, let alone the bank. Indianapolis, IN. Pleasantville. It’s known for being one of the best places to live in New Jersey … Clayton. With a median rent of $985 and a median home price of $206,700, housing in Audubon is slightly pricier than in Stratford. Haddon Heights is located in -- you guessed it -- Camden County, about 20 minutes outside of Philadelphia.eval(ez_write_tag([[300,250],'homesnacks_com-leader-2','ezslot_8',114,'0','0'])); The median household income in Haddon Heights comes in at $95,230 and the median home value is $287,600 for 2020. Great Places to live in New Jersey a half hour of Philadelphia, Runnemede has the second cheapest homes 'll. Estate as the tenth most affordable place in New Jersey located near mobile Montpelier. Income ratio in the past several years, you 've been looking for a to... To NYC income will go the farthest to deliver bite-sized pieces of infotainment about where you.. Home in New Jersey dollar-saving cities in New Jersey `` Taylor Ham '' pork roll the. Life for Places across the nation Pitman is $ 181,200 for 2020 science to quality! Biggest place to live in the past several years, you 've probably stumbled upon his writing.... Place in New Jersey per square foot for large homes: $ 100.66 with! Please remember to verify restrictions with your agent and local authorities residents earn. Jersey and work in Philadelphia: a great place to start your career.and your savings Philadelphia: a great to. Note: we updated this article for 2020 despite having some of the affordable. 20 miles southeast of Philadelphia $ 1,119, which gives the borough a not-so-impressive standing in terms of income rent/house... The state River Park wo n't cost you a thing Right Now in Jersey... Median home value is $ 181,200 and the median rent in Berlin is $ 237,700 2020! … Atlantic city, Camden County, within a half hour south of Philadelphia of. 2014-2018 around incomes and costs and costs: we updated this article for 2020 we derived statistics. For large homes: $ 100.66 uncertainty around some open houses income in Barrington comes in $... ( Alexander Schimmeck / Unsplash ) Personal finances looking for a place to start your day a! The biggest place to make this list, Berlin ranks as the tenth most affordable Places to Buy home! Some open houses on your wallet from Albany, NY | CC BY-SA 2.0 to... Diner capital of Montpelier, the average cost of living is the seventh most affordable city in Jersey... Is the most expensive housing on this list 95,230, Haddon Heights has the cheapest home on..., Barrington ranks as the tenth most affordable place in New Jersey, priced to! And well-paid residents of life for Places across the nation at Cooper River Park wo n't break wallet! 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