States › New Jersey › Allendale

Is Allendale, NJ expensive to live in?

CheapRent takes 20 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,85863% higher than U.S. average
💵 Families earn per year (2026)$172,735about $14,395/month · 98% higher than U.S. average
🔑 House price$782,700135% higher than U.S. average

Rent here is among the highest 10% in the country. Household incomes are higher than in 94% of U.S. cities. A typical house costs about 4.5 years of household income. Commutes are long, about 36.3 minutes each way. Most homes (81.4%) are owned, so rentals can be hard to find. It is a highly educated city: 72.5% of adults have a college degree.

How much money do I need?

To rent here comfortably, you should earn about $114,320 a year. That is $55 an hour at a full-time job.

Is rent cheaper than other New Jersey cities?

No. Rent here is more expensive than in most of New Jersey. It is number 228 of 291 cities from cheapest to most expensive.

Allendale
$2,858
Lincroft
$756
Green Knoll
$1,598
Linwood
$2,414
Stratford
$1,395
Midland Park
$2,896
Strathmore
$1,757

How much do households earn in Allendale?

Under $25k
5.7%
$25k–50k
7.4%
$50k–100k
15.7%
$100k–150k
28.0%
$150k+
39.5%

Share of households by yearly income. 67.4% of households earn $100,000 or more.

How expensive is Allendale overall?

Everyday prices in New Jersey overall are 9% above the U.S. average (index 108.8, U.S. = 100).

Housing
134
Goods (food, clothes…)
107
Utilities
114
Other services
104
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Allendale, so the New Jersey figure is shown.

Taxes and bills in Allendale

🏛️ Property tax$10,000+a year · 1.28% of home value · U.S. $3,119
⚡ Electric bill$183a month (typical) · U.S. $156

Life in Allendale

Commute to work36.3 minU.S.: 26.4 min
College degree72.5%U.S.: 35.7%
Own their home81.4%U.S.: 65.2%
Below poverty line3.7%U.S.: 12.5%
Unemployment4.1%U.S.: 5.2%

Is it cheaper to rent or buy in Allendale?

Renting is cheaper right now: about $2,573 a month less.

Renting
$2,858
Owning
$5,431

Owning assumes a typical $782,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $78,270 for the down payment.

Frequently asked questions

What is the average rent in Allendale, NJ?

Renting in Allendale costs a median of about $2,858 a month in 2026, including utilities. The New Jersey median is $2,240.

How much do I need to make to live in Allendale?

To keep rent under 30% of income, you need about $114,320 a year, or $55 an hour at a full-time job.

Is Allendale cheap or expensive?

Allendale is rated Cheap: rent takes 19.9% of the typical household income of $172,735. It ranks 228th cheapest of 291 New Jersey cities we track.

How much are property taxes in Allendale?

The median homeowner in Allendale pays $10,000+ a year in property taxes, about 1.28% of the median home value.

Is Allendale more expensive than the national average?

Overall prices in New Jersey are 9% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Allendale?

The median home value in Allendale is $782,700, about 4.5 times the typical yearly household income.

6,865 people live in Allendale. Numbers are typical (middle) values.